Balance Sheet Adjustments definition

Balance Sheet Adjustments means the adjustments in the purchase price in accordance with the provisions of Section 1.4(a) hereof.
Balance Sheet Adjustments has the meaning set forth in Section 2.3(a).
Balance Sheet Adjustments means adjustments that reflect (unless already reflected in the Projected Closing Balance Sheet and the Closing Balance Sheet), as applicable) (i) the acquisition by Xxxxxxxx of all of the outstanding stock of Xxxxxxxx UK Ltd., (ii) collection by Xxxxxxxx of all Stockholder notes receivable, (iii) all expenses associated with the repurchase of all stock valuation rights and options, (iv) a Net Tax Liability of $200,000, irrespective of any different actual liability, (v) accrual of all Liabilities for accrued vacation and personal time carried over as described in Section 4.21.1(vii), (vi) accrual of Liabilities under all self insured health programs, (vii) accrual of Liabilities under the Xxxxxxxx Senior Research Executive Compensation Plan, the Xxxxxxxx Staff Incentive Plan, the Team Leader Incentive Plan, Executive Nucleus Committee bonus arrangements, and U.K. bonus arrangements related to periods prior the Closing Date, (viii) the Liability as of the Closing Date that would be associated with termination of the interest rate swap related to Xxxxxxxx'x obligations to Sun Trust Bank, and (ix) expenses required to be accrued pursuant to Section 9.1 of this Agreement.

Examples of Balance Sheet Adjustments in a sentence

  • When the MIE, Balance Sheet, Adjustments, Escrows and current month’s Aging of Accounts Receivables and Payables Tabs (1-12, depending on the applicable month) have been completed, proceed to the bottom of the MIE Tab, rows 237 through 242 to review the six validation fields for “YES” answers.

  • Bright House Transactions Pro Forma Balance Sheet Adjustments The unaudited pro forma consolidated balance sheet has been adjusted to reflect the estimated fair values of the identifiable assets acquired and liabilities assumed in the Bright House Transaction.

  • CSV Tab‌The information on this tab auto-fills from the MIE, Balance Sheet, Adjustments, Escrows, and Aging of Accounts Receivables & Payables Tabs 1-12.

  • For more detailed figures see Zhiguo He, In Gu Khang, & Arvind Krishnamurhty, Balance Sheet Adjustments in the 2008 Crisis (NBER Working Paper No. 15919, Apr.

  • The various Balance Sheet Adjustments are described in greater detail in the Notes to the Effective Date Balance Sheet.

  • Errors: Types of Errors and Rectification; Preparation of Trading and Profit and loss account and Balance Sheet, Adjustments in preparation of Financial Statements.

  • Page 34 Balance Sheet Adjustments: (1) The conversion of the remaining intercompany receivable from Mestek, approximated here at $6,503,000 at the date of the distribution to a formal promissory note bearing interest at the then prevailing 3 year Treasury Note yield plus 100 basis points and maturing in 36 months.

  • Note 9—Pro Forma Balance Sheet Adjustments Following are brief descriptions of the pro forma adjustments to the balance sheet to reflect the merger of Caesars with Harrah’s.

  • Unit II: Final Accounts (16 hours)Preparation of Trading Account – profit & loss Account – Balance Sheet- Adjustments.

  • BM qS qSBM D DII BCB TB SB CB TB SB CB TB SB Figure 4: Balance Sheet Adjustments After an Open Market Operation Proposition 1.


More Definitions of Balance Sheet Adjustments

Balance Sheet Adjustments means the following ------------------------- adjustments to be made to the financial statements of the Division: (i) all inventory shall be accounted for on the FIFO method, (ii) the real property owned by the Seller and located in Philadelphia, Pennsylvania shall be written- up to its appraised value to be determined and currently estimated at $575,000, (iii) no goodwill shall be included in the assets of the Seller, except for $500,000 of goodwill with respect to the value of "Poolsaver", (iv) the gunite rigs and related vehicles owned by the Seller shall be valued in the aggregate at $368,000, and (v) all warranty accruals shall be prepared on a basis consistent with past practices (or on a basis no less conservative than past practices) and shall equal or exceed the sum of $250,000 and the aggregate amount of all payments, obligations, or other liabilities which are required to satisfy warranty claims known to the Seller as of the date of such financial statements.
Balance Sheet Adjustments means the greater of (a) if the accounts receivable of the Company and its Subsidiaries reflected on the Projected Balance Sheet (the “Projected A/R”) are less than an amount equal to net sales of the Company and its Subsidiaries during the most recent trailing twelve calendar month period completed not less than 45 days prior to the Projected Payment Date (the “LTM Sales”) divided by 365 multiplied by 50 (the “Baseline A/R”) then an amount equal to the amount by which the Projected A/R is less than the Baseline A/R, (b) if the accounts payable of the Company and its Subsidiaries reflected on the Projected Balance Sheet (the “Projected Current Payables”) is greater than the LTM Sales divided by 365 and multiplied by 1 (the “Baseline Current Liabilities”) then an amount equal to the amount by which the Projected Current Payables exceeds the Baseline Current Payables, or (c) if the Net Working Capital of the Company and its Subsidiaries reflected on the Projected Balance Sheet (the “Projected NWC”) is less than 11% of LTM Sales (the “Baseline NWC”), then an amount equal to the amount by which the Projected NWC is less than the Baseline NWC.
Balance Sheet Adjustments means the adjustments to the balance sheet listed below: (i) elimination of cash, deferred income taxes, investments, officer's life insurance, intangible asset - pension plans, income taxes payable, all notes payable (including the bank note payable), pension liability, common stock, additional paid in capital, retained earnings, pension liability adjustment and intercompany Receivables and accounts payable between either Aerospace or Titanium and Dannx Xxxp., a Connecticut corporation and a wholly-owned subsidiary of Aerospace; (ii) increase in Receivables by the allowance for doubtful accounts and the reserve for sales adjustments; (iii) increase or decrease, as applicable, in inventory due to the change in inventory valuation method from LIFO to FIFO; and (iv) decrease in (a) property, plant and equipment by the net book value of real estate and (b) prepaid items by the amount of all prepaid insurance premiums which will not accrue to the benefit of the Buyer.
Balance Sheet Adjustments means all of the adjustments set forth on Schedule 1.1(a)(ii).
Balance Sheet Adjustments shall have the meaning set forth under the definition of Closing Date Net Worth Statement, below.

Related to Balance Sheet Adjustments

  • Balance Sheets has the meaning set forth in Section 4.5(a).

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Off-Balance Sheet Arrangement means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Borrower is a party, under which the Borrower has:

  • Off-Balance Sheet Liability of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person, or (c) any indebtedness, liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person (other than operating leases).

  • Latest Balance Sheet Date has the meaning set forth in Section 3.10.

  • Interim Balance Sheet Date has the meaning set forth in Section 3.06.

  • SpinCo Balance Sheet means the pro forma combined balance sheet of the SpinCo Business, including any notes and subledgers thereto, as of September 30, 2021, as presented in the Information Statement made available to the Record Holders.

  • Company Balance Sheet has the meaning set forth in Section 3.04(e).

  • Balance Sheet Date has the meaning set forth in Section 3.06.

  • Company Balance Sheet Date has the meaning set forth in Section 3.10.

  • Interim Balance Sheet as defined in Section 3.4.

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Latest Balance Sheet has the meaning set forth in Section 3.4(a).

  • Most Recent Balance Sheet Date has the meaning set forth in Section 4.4.

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).

  • Unaudited Balance Sheet has the meaning set forth in Section 3.4(a)(ii).

  • Audited Balance Sheet means the audited balance sheet of the company prepared for the purposes of the Companies Acts for a financial year unless an audited consolidated balance sheet dealing with the state of affairs of the company and its subsidiary undertakings required to be dealt with in group accounts has been prepared for those purposes for the same financial year, in which case it means that audited consolidated balance sheet, and in that case all references to reserves shall be deemed to be references to consolidated reserves;

  • Current Balance Sheet Date means December 31, 1997.

  • Pro Forma Balance Sheet as defined in Section 4.1(a).

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • Balance Sheet has the meaning set forth in Section 3.06.

  • Final Balance Sheet has the meaning set forth in Section 3.3(b).

  • Reference Balance Sheet Date is defined in Section 3.5.

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Parent Balance Sheet Date shall have the meaning assigned to it in Section 5.13 hereof.