Balance Sheet Rules definition

Balance Sheet Rules means, collectively, the Accounting Methodology and the rules set forth on Exhibit B attached hereto; provided that in the event of any conflict between the Accounting Methodology and the rules set forth on Exhibit B, the rules set forth on Exhibit B shall apply.

Balance Sheet Rules means, collectively, the accounting principles, methods and practices used in preparing the Transferor Audited Financial Statements, applied on a consistent basis and in accordance with GAAP.

Balance Sheet Rules means, collectively, the accounting principles, methods and practices used in preparing the Company Financial Statements, applied on a consistent basis and in accordance with GAAP.

Examples of Balance Sheet Rules in a sentence

• Within 90 days following the Closing Date, Parent shall prepare and deliver to the Transferors a certificate (the “Closing Statement”) setting forth Parent’s determination of Net Working Capital and the Adjustment Amount, in each case determined in accordance with the Balance Sheet Rules.

• The scope of the disputes to be resolved by the Accounting Firm shall be limited to fixing mathematical errors and determining whether the items in dispute were determined in accordance with the Balance Sheet Rules and the terms of this Agreement, and no other matters.

• Within 120 days following the Closing Date, Parent shall prepare and deliver to the Transferors a certificate (the “Closing Statement”) setting forth Parent’s determination of Net Working Capital and the Adjustment Amount, in each case determined in accordance with the Balance Sheet Rules.

• The Adjustment Statement shall be prepared in accordance with the Balance Sheet Rules.

• Within 30 days after the Seller’s receipt of the Closing Statement, the Seller shall deliver to the Buyer a written statement either accepting the Closing Statement or specifying any objections thereto in reasonable detail (an “Objections Statement”), which objections shall be limited to mathematical errors and calculations of amounts not being in accordance with the Balance Sheet Rules.

More Definitions of Balance Sheet Rules

Balance Sheet Rules means (a) GAAP, as consistently applied by the Company in the preparation of the Interim Financial Statements, and (b) the policies, practices and methods set forth on the Working Capital Methodology Schedule. In the event of an inconsistency between the principles set forth in subsections (a) and (b) above, the principles set forth in subsection (b) above will prevail over those set forth in subsection (a).

Balance Sheet Rules means, collectively, the accounting principles, methods and practices used in preparing the Audited Balance Sheet, applied on a consistent basis and in accordance with GAAP and the rules to be agreed between the parties; provided that in the event of any conflict between such accounting principles, methods and practices and the rules agreed between the parties, the rules agreed between the parties shall govern.

Balance Sheet Rules means the principles and methodologies set forth on Exhibit B.

Balance Sheet Rules means (i) to the extent consistent with GAAP, the accounting methods, policies, practices, procedures and classifications used in the preparation of the audited consolidated financial statements of the Company as of December 31, 2020 or otherwise (ii) GAAP.

Balance Sheet Rules means, collectively, the accounting principles, methods and practices used in preparing the Latest Balance Sheet, applied on a consistent basis and in accordance with GAAP, except (a) that the exchange rate used in the calculation of Current Assets and Current Liabilities for the purposes of calculating Net Working Capital shall be $1.00 = R$1.6409 (which, for the avoidance of doubt, is the average of the spot rates available on the last fiscal day of the month for each of the twelve months ended September 30, 2011 and which were used by the Company to calculate the closing monthly balance sheets of the Company and its Subsidiaries during such period) and (b) as otherwise specified in Exhibit B.

Balance Sheet Rules means, collectively, the Accounting Methodology and the rules set forth on Annex 1.1(a); provided, that in the event of any conflict between the Accounting Methodology and the rules set forth on Annex 1.1(a), the rules set forth on Annex 1.1(a) shall apply.

Balance Sheet Rules means GAAP and the rules set forth on Exhibit B attached hereto; provided, that in the event of any conflict between GAAP and the rules set forth on Exhibit B, the rules set forth on Exhibit B shall apply.