Annual Audited Financial Statements definition

Annual Audited Financial Statements is defined in Section 5.2(c).

Annual Audited Financial Statements means the Borrower’s balance sheet, income statement, statements of cash flow and amounts and sources of contingent liabilities, estimated cash flow projections for the next twelve (12) months, and a Residual Receipts schedule providing details on the calculation of the Residual Receipts (as defined herein) for the preceding Budget Year, prepared and executed by an independent certified public accountant in accordance with generally accepted accounting principles, provided to the County Manager or his written designee on or prior to May 15th of each year during the Term of the County Loans.

Annual Audited Financial Statements means the Borrower’s balance sheet, income statement, statements of cash flow and amounts and sources of contingent liabilities, a reconciliation of changes in equity and liquidity verification, cash flow projections, and a Residual Receipts schedule providing details on the calculation of the Residual Receipts (as defined herein) for the preceding Budget Year, prepared and executed by an independent certified public accountant in accordance with generally accepted accounting principles, provided to the County Manager or his written designee on or prior to May 15th of each year during the Term of the AHIF Loan.

Examples of Annual Audited Financial Statements in a sentence

• Publication of Annual Audited Financial Statements PD-1.2.3Banks must publish extracts from their annual audited financial statements in one Arabic and one English daily newspaper within 2 months of the end of the financial year.

• MODULEPD: Public Disclosure RequirementsCHAPTERPD-1: Annual Disclosure Requirements PD-1.4 Additional Disclosure in the Annual Audited Financial Statements of Banks Listed on a Licensed ExchangePD-1.4.2PD-1.4.1The content of this Section is applicable only to locally incorporated banks listed on a licensed exchange.

• The Annual Audited Financial Statements shall be prepared on a consolidated basis in accordance with Generally Accepted Accounting Principles.

• Within five (5) years after the receipt of any such Annual Audited Financial Statements, the County Staff or any designated agent or employee of the County Staff at any time and upon forty-eight (48) hours advance notice shall be entitled to audit the Residual Receipts calculation and all books, records, and accounts pertaining thereto.

• Within five (5) years after the receipt of any such Annual Audited Financial Statements, the County Board or any designated agent or employee of the County Board at any time and upon forty-eight (48) hours advance notice shall be entitled to audit the Residual Receipts calculation and all books, records, and accounts pertaining thereto.

More Definitions of Annual Audited Financial Statements

Annual Audited Financial Statements means, with respect to each fiscal year of the Company, the Company’s 10-K Report filed with the Securities Exchange Commission for such fiscal year, prepared in conformity with Generally Accepted Accounting Principles and accompanied by a report and opinion of independent certified public accountants with an accounting firm of national standing and reputation, which shall state that such financial statements, in the opinion of such accountants, present fairly, in all material respects, the financial position of the Company and its Subsidiaries, on a consolidated basis, as of the date thereof and the results of its operations and cash flows for the period covered thereby in conformity with Generally Accepted Accounting Principles.

Annual Audited Financial Statements has the meaning set forth in Section 4.7(a).

Annual Audited Financial Statements means, as to any Person, the year-end financial statements of such Person (balance sheet, income statement, cash flow statement), all prepared in conformity with GAAP and audited by independent certified public accountants reasonably satisfactory to the Bank.

Annual Audited Financial Statements means the Borrower’s balance sheet, income statement, statements of cash flow and amounts and sources of contingent liabilities, a reconciliation of changes in equity and liquidity verification, cash flow projections, and a Residual Receipts schedule providing details on the calculation of the Residual Receipts (as defined herein) for the preceding Budget Year, prepared and executed by the Accountant in accordance with generally accepted accounting principles, provided to the County Manager or his written designee on or prior to May 15th of each year during the Term of the AHIF Loan.

Annual Audited Financial Statements has the meaning assigned to such term in Section 3.03(a).

Annual Audited Financial Statements means the annual financial statements of a Person, including all notes thereto, which statements shall include a balance sheet as of the end of such fiscal year and an income statement and a statement of cash flows for such fiscal year, all setting forth in comparative form the corresponding figures from the previous fiscal year, all prepared in conformity with GAAP in all material respects, and accompanied by the opinion of independent certified public accountants of recognized national standing, which shall state that such financial statements present fairly in all material respects the financial position of such Person and, if such Person has any Subsidiaries (other than Non-Recourse Subsidiaries), its consolidated Subsidiaries (other than Non-Recourse Subsidiaries) as of the date thereof and the results of its operations for the period covered thereby in conformity with GAAP. Such statements of Borrower shall be accompanied by a certificate of such accountants that in making the appropriate audit and/or investigation in connection with such report and opinion, such accountants did not become aware of any Default relating to the financial tests set forth in Section 7.3 hereof or, if in the opinion of such accountants any such Default exists, a description of the nature and status thereof.

Annual Audited Financial Statements means an entity’s annual audited financial statements prepared in accordance with U.S. Generally Accepted Accounting Procedures.