Balance Sheet Report definition

Balance Sheet Report means the cash basis balance sheet of the Seller as of a given date showing the assets, liabilities and equity of the Seller adjusted to include accounts receivable, accounts payable and accrued liabilities and further adjusted to exclude Excluded Assets and Retained Liabilities, prepared by the Seller on a consistent basis as with prior time periods.
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Balance Sheet Report means the balance sheet of the Company as of a given date showing the assets, liabilities and equity of the Company prepared by the Company in accordance accordance with the method used to prepare the reference balance sheet provided to the Parent on a consistent basis as with prior time periods (the "Company's Past Practice").
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Balance Sheet Report means the accrual basis balance sheet of the Business as of a given date showing the assets, liabilities and equity of the Business adjusted to include Accounts Receivable, Accounts Payable and accrued liabilities and further adjusted to exclude Excluded Assets and Retained Liabilities, prepared by the Seller on a basis consistent with prior time periods.
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Examples of Balance Sheet Report in a sentence

  • The term "Closing Date Balance Sheet Report" shall mean a Balance Sheet Report prepared as of the Closing Date.

  • The term "Final Net Worth" means total assets minus total liabilities, as reflected on the Closing Date Balance Sheet Report.

  • Each of the Closing Date Balance Sheet Report, the Closing Date Accounts Receivable Report, the Closing Date Accounts Payable Report, the Closing Date Schedule of Accrued Liabilities and the Closing Date Income Statement (collectively, the "Closing Date Reports") of the Seller shall be prepared by the Seller, as promptly as possible after the Closing.

  • Each of the Closing Date Balance Sheet Report, the Closing Date Accounts Receivable Report, the Closing Date Accounts Payable Report, the Closing Date Schedule of Accrued Liabilities and the Closing Date Income Statement (collectively, the "Closing Date Reports") of the Business shall be prepared by the Seller, as promptly as possible after the Closing.

  • At or prior to Closing, Seller shall have paid or accrued in the Closing Date Balance Sheet Report all compensation and benefits to which such Employees are entitled by reason of their previous employment with the Seller on such date.

  • If the Seller and the Buyer cannot resolve the discrepancy to their mutual satisfaction, another independent public accounting firm acceptable to the Seller and the Buyer shall be retained to review the Effective Date Balance Sheet Report, the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report.

  • The Effective Date Balance Sheet Report of the Company, the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report shall be prepared by the Company, as promptly as possible after the Closing.

  • In addition, Seller has provided at least four (4) days prior to Closing the following, all of which are unaudited: (i) a Balance Sheet Report dated as of February 28, 1997, (ii) Accounts Receivable Reports dated as of February 28, 1997 and Xxxxx 00, 0000, (xxx) Accounts Payable Reports dated as of February 28, 1997, (iv) a Schedule of Accrued Liabilities dated as of February 28, 1997 and (v) an income statement dated as of March 31, 1997.

  • The term "Net Worth" means the dollar amount of total assets minus the total liabilities of the Seller as of a given time period as determined by the Balance Sheet Report as of such time period.

  • Company's Accountants shall then compile the Effective Date Balance Sheet Report, and the Seller shall prepare the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report, and deliver the Effective Date Balance Sheet Report, the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report to the Buyer and the Buyer's Accountants within 30 days after the Closing Date.


More Definitions of Balance Sheet Report

Balance Sheet Report means the balance sheet of JCR as of a given date showing the assets, liabilities and equity of JCR prepared by JCR in accordance with GAAP on a consistent basis as with prior time periods.
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Balance Sheet Report means the balance sheet of each of the Sellers as of a given date showing the assets, liabilities and equity of each Seller, prepared by each Seller in accordance with GAAP on a consistent basis as with prior time periods and further adjusted to exclude Excluded Assets and Retained Liabilities.
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Balance Sheet Report means the balance sheet of Rapidtext as of a given date showing the assets, liabilities and equity of Rapidtext prepared by Rapidtext in accordance with GAAP on a consistent basis as with prior time periods.
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Balance Sheet Report means the balance sheet of Medtext as of a given date showing the assets, liabilities and equity of Medtext prepared by Medtext in accordance with GAAP on a consistent basis as with prior time periods.
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Balance Sheet Report shall have the meaning ascribed to it in Section 3.2.
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Related to Balance Sheet Report

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

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

  • Interim Balance Sheet as defined in Section 3.4.

  • Company Balance Sheet means the consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2016 and the footnotes thereto set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2016.

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

  • SEC Off-Balance Sheet Rules means the Disclosure in Management’s Discussion and Analysis About Off-Balance Sheet Arrangements, Securities Act Release No. 33-8182, 68 Fed. Reg. 5982 (Feb. 5, 2003) (codified at 17 CFR pts. 228, 229 and 249).

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

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

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

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

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • 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;

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

  • Company Balance Sheet Date means December 31, 2016.

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

  • 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.

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

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • 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).

  • 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.

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

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

  • Off-Balance Sheet Obligation means, with respect to any Person, any Obligation of such Person under a synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing classified as an operating lease in accordance with GAAP, if such Obligations would give rise to a claim against such Person in a proceeding referred to in Section 6.01(h).

  • Unaudited Interim Balance Sheet shall have the meaning specified in Section 2.4(a)(iii) of the Agreement.

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