Asset Statement definition

Asset Statement set forth in the Disclosure Schedule has been prepared in accordance with generally accepted accounting principles as of March 31, 1997.
Sample 1
Asset Statement has the meaning set forth in Section 2.5 of this Agreement.
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Asset Statement has the meaning given to it in Section 9.1;
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Examples of Asset Statement in a sentence

  • Within sixty (60) days after receipt of the Closing Net Asset Statement, Buyer shall either inform Seller in writing that the Closing Net Asset Statement is acceptable or object to the Closing Net Asset Statement in writing setting forth in reasonable detail a description of Buyer's objections.

  • Buyer shall have the liability and obligation for any vacation of any Hired Employees (i) accrued and not taken prior to the Closing Date, and (ii) reflected on the Final Closing Net Asset Statement.

  • Seller reasonably believes that the accruals and reserves for product warranty and other post-sale services identified on the April Balance Sheet and on Schedule 3.4.2 were, and on the Final Closing Net Asset Statement will be, adequate for purposes of performing and discharging any post-sale or other warranty obligations from and after the Closing Date.

  • Within fifteen (15) days after the Closing Date, Seller shall deliver to Buyer a statement of the Assets and Assumed Liabilities as of the close of business at 5:30 PM on the Closing Date (the "Closing Net Asset Statement") which reflects the Net Asset Value as of such date.

  • The Closing Net Asset Statement shall present accurately the financial condition of the Assets and Assumed Liabilities as of the date thereof and shall be prepared in accordance with GAAP applied consistent with past practice and on a basis consistent with the April Net Asset Statement.

  • Buyer shall pay all Taxes (other than the sales, transfer, documentary, stamp, recording and similar Taxes referred to in Section 2.6) which are reflected on the Final Closing Net Asset Statement (such Taxes so reflected shall not, for purposes of clarity, include any Income Taxes of Seller), and all Taxes arising out of the operations of the Business with respect to transactions or periods after the Closing Date.

  • Upon resolution of any such Disagreement, the resulting Closing Net Asset Statement shall be deemed the Final Closing Net Asset Statement and the Net Asset Value as of the Closing Date reflected thereon shall be the Final Closing Net Asset Value.

  • To the extent that a disagreement relates to an error in the Closing Statement of Assets and Liabilities and a similar error also exists in the Facility/Design Net Asset Statement, then, to the extent that such disagreement is determined to be an error, the error in the Closing Statement of Assets and Liabilities and the error in the Facility/Design Net Asset Statement shall both be corrected in determining the adjustment under Section 2.4(4).

  • In the case of Employees that are on vacation or leave on the Closing Date, all Liabilities that accrue at any time prior to such Employee beginning active employment with Buyer following the Closing Date to the extent such Liabilities are not reflected in the Final Closing Net Asset Statement.

  • The billed and unbilled Receivables reflected on the April Balance Sheet are, and the billed and unbilled Receivables reflected on the Final Closing Net Asset Statement will be, bona fide receivables, accounted for in accordance with GAAP and were or will be collectible from customers in the ordinary course of business, subject to any reserves for uncollectibility or doubtful accounts reflected on the April Balance Sheet or the Final Closing Net Asset Statement, as the case may be.


More Definitions of Asset Statement

Asset Statement has the meaning set forth in Section 2.5(e).
Sample 1
Asset Statement. 2.03(b)(i) “Assumed Liabilities” 2.02(a) “Closing” 2.04(a) “Closing Date” 2.04(a) “Closing Underpayment” 2.07(d) “Competing Transaction” 5.12(a) “Competitive Business” 5.11(a) “Confidentiality Agreement” Recitals “Confirmation Notice” 2.07(b) “Dispute Notice” 2.07(b) “Estimated Initial Payment Amount” 2.04(b)
Sample 1
Asset Statement means a schedule of assets in the form of the Asset Statement attached hereto as Schedule 1.01(b), listing (a) Cash and (b) each Public Bond that is intended to be transferred by the Plan Trustee to the Insurer.
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Related to Asset Statement

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Payment Statement As defined in Section 6.01 hereof.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Asset Status Report shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Final Asset Status Report As defined in Section 3.24(a)(vi).

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Account Statement means a periodic statement of the transactions credited or debited to an Account;

  • Payoff statement means a written statement furnished by the mortgage servicer which sets forth all of the following:

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Objections Statement has the meaning set forth in Section 1.02(d).

  • Working Capital Statement has the meaning set forth in Section 2.3(a).

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • MERS Report The report from the MERS System listing MERS Designated Mortgage Loans and other information.

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Funds Flow Statement means a funds flow statement in agreed form.

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Preliminary Closing Statement shall have the meaning set forth in Section 2.3(a).

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.