Examples of Balance Sheet in a sentence
Seller has no liability as of the date of the Balance Sheet of any nature, the buyer should insist that the APA include a schedule of the specific debts being assumed.
In lieu of generating a consolidated quarterly report, the GRANTEE may instead submit, in strict accordance with the above schedule, a report covering each of the months in the reporting period, which includes a Standard Balance Sheet and Standard Income and Expense Statement for each of the months in the reporting period.
No Seller has any Liabilities, except (a) those which are adequately reflected or reserved against in such Seller’s Balance Sheet as of the Balance Sheet Date and (b) those which have been incurred in the Ordinary Course of Business since the Balance Sheet Date and which are not, individually or in the aggregate, material in amount.
The reserve for bad debts shown on the Balance Sheet or, with respect to Accounts Receivable arising after the Balance Sheet Date, on the accounting records of Sellers have been determined in accordance with GAAP, consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes.
Since the Balance Sheet Date, (a) Sellers have operated the Business only in the Ordinary Course of Business; (b) no Restricted Event has occurred with respect to any Seller or the Business; and (c) no event has occurred and no circumstance currently exists that has caused or could reasonably be expected to result in a Material Adverse Effect.