Audited Income Statement definition
Examples of Audited Income Statement in a sentence
The Company shall use its best efforts to deliver the Audited Income Statement to the Purchaser as soon as practicable, and in any event, within thirty (30) business days after the date hereof.
If the Company fails to cause the Auditor to complete the Audited Income Statement within six (6) months following December 31, 2017, the Series A-1 Investors shall have the right to jointly appoint an independent registered public accounting firm (the “Replacement Auditor”), at the sole cost and expense of the Company, to complete the Audited Income Statement.
The Company shall cooperate fully with the Auditor (or the Replacement Auditor, as the case may be) in the preparation of the Audited Income Statement, including providing full access to the books and records of the Group Companies and provision of a management representation letter, in form reasonably satisfactory to the Auditor (or Replacement Auditor, as the case may be), and any other information, records and documents as reasonably requested by the Auditor (or Replacement Auditor, as the case may be).
Within thirty five (35) days following the Closing Date, Buyer will cause to be prepared and delivered to Seller and the Shareholders an audited income statement of Seller (the "Audited Income Statement") for the twelve (12) month period ended December 31, 1999 (the "Audit Period") and an audited balance sheet of the Seller as of the Closing Date (the "Audited Balance Sheet ").
The Final Audited Income Statement and the Final Audited Balance Sheet shall be attached as exhibits to the Adjustment Certificate.
The Earn-Out Accountant shall deliver to Seller and Buyer, as promptly as practicable after its appointment, a written report setting forth the resolution of each disputed matter and its determination of the Earn-Out Revenue and Earn-Out Amounts set forth in such Buyer Audited Income Statement, Earn-Out Revenue Calculation and Earn-Out Amount Statement as determined in accordance with the terms of this Agreement.
The adjustment of the Final Ownership as contemplated herein shall be effected by adjusting the Conversion Rate of the Series A Preferred Shares in accordance with the formula set forth in Section 2.5(b)(ii) above within twenty (20) Business Days following the issue of the 2007 Audited Income Statement.
Audited Income Statement Section 2.6. Breaching Individual Seller Section 2.6(a)(v).
The Audited Balance Sheet and Audited Income Statement fairly present Seller's financial position at December 31, 1997 and results of operations for period indicated, and have been prepared in accordance with generally accepted accounting principles consistently applied and contain all adjustments which are necessary to a fair statement of the results for the period covered.
Such audited income statement, as finally determined pursuant to this Section 4.19, is sometimes referred to as the "Audited Income Statement." The amount of earnings before interest, taxes and amortization reflected on such audited income statement, multiplied by two, shall be included in a schedule to KPMG's opinion, and is referred to as the "Audited EBITA Number" (subject to final determination as provided in this Section 4.19).