Examples of April 30 Balance Sheet in a sentence
All of the accounts payable reflected on the April 30 Balance Sheet and all accounts payable that have arisen since April 30, 2001 arose from bona fide purchases of goods and services in the ordinary course of the Business.
The value of obsolete, damaged or excess Inventory and of Inventory below standard quality has been written down on the April 30 Balance Sheet or, with respect to Inventory purchased since April 30, 2001, on the books and records of the Sellers and in the Interim Financial Statements or the Monthly Financial Statements, to ascertainable market value, or adequate reserves have been provided therefor, in accordance with GAAP.
As of April 30, 2001 and January 31, 2002, none of the Sellers had any Liabilities and Costs which were required to be but were not reflected on the April 30 Balance Sheet or the Interim Balance Sheet, respectively.
No provision of this Amendment shall be construed as limiting in any way Patriot's obligation in Section 12.2 of the Distribution Agreement to pay for expenses as described in such section; provided, however, that Patriot shall be given a credit for any expenses included as a liability on either the March 31 Balance Sheet or April 30 Balance Sheet.
The Sellers represent and warrant to the Buyer that the April 30 Balance Sheet and the calculation of the April 30 Net Working Capital and April 30 Debt Free Deductions have been prepared in accordance with the Accounting Methods and in a manner consistent with the preparation of the Financial Statements.
Similarly, any increase in the "Accounts payable-related parties" line on the April 30 Balance Sheet from the March 31 Balance Sheet shall offset an equal amount of any post-Divestiture adjustment obligation under subsection 3 above Patriot would otherwise have had, and the amount of such increase shall be deemed paid in full.
Attached hereto as Exhibit 3.4 is a balance sheet of MJA which has been prepared by MJA and dated as of April 30, 1998 ("April 30 Balance Sheet") which reflects the financial position of MJA as of such date.
If the Net Asset Amount of the Seller as shown on the Estimated Closing Date Balance Sheet is less than the Net Asset Amount as shown on the April 30 Balance Sheet, the payment of the Fixed Cash Amount to the Seller on the Closing Date shall be decreased, as a preliminary adjustment to the Fixed Cash Amount as provided in section 3.2(a)(i), by the amount of such deficiency (the "Estimated Price Decrease").
All references to the April 30 Balance Sheet shall mean the April 30 Balance Sheet as amended by the Target Audit.
Other than marketable securities set forth on the April 30 Balance Sheet or the Closing Date Balance Sheet, the Seller does not own any shares of capital stock (or other equity interests of entities other than corporations) of any partnership, joint venture, trust, corporation, limited liability company or other entity.