Balance Sheet Target definition

Balance Sheet Target means an amount equal to negative $7.7 million.
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Balance Sheet Target means an amount equal to negative Five Million Dollars (–$5,000,000).
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Balance Sheet Target means an amount equal to $400,000.
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Examples of Balance Sheet Target in a sentence

  • Since the date of the Most Recent Balance Sheet, Target has not incurred any liability for Taxes arising from extraordinary gains or losses, as that term is used in GAAP, outside the Ordinary Course of Business consistent with past custom and practice.

  • Except as shown on the Closing Date Balance Sheet, Target has no liabilities attributable to periods on or before the Effective Time including, without limitations, obligations to any employees or Taxing authority.

  • Any Objection Notice shall specify in reasonable detail (i) any item on the Effective Time Balance Sheet, Target Balance Sheet(s) and/or calculation of Fixed Assets, Prepaid Expenses or the Net Working Capital which Buyer believes has not been determined and computed in accordance with this Section 2.07, and (ii) the correct amount of such item determined in accordance with this Section 2.07.

  • Since the date of the Balance Sheet, Target has not incurred or become subject to any Liability other than Liabilities incurred in the ordinary course of business.

  • Except as set forth in the Target Balance Sheet, Target is not obligated in any way to provide funds in connection with any guarantee of, or to assume, any debt, obligation or dividend of any other person, corporation, association, partnership, limited liability company, joint venture, trust or other entity.

  • Except and to the extent reflected or reserved against in the Target balance sheet as of September 30, 1999 (the "Target Balance Sheet"), Target does not have, as of the date of such balance sheet, any liabilities or obligations (absolute or contingent) of a nature required or customarily reflected in a balance sheet (or the notes thereto).

  • Except for Indebtedness (as defined in paragraph 16) reflected or reserved against in the Audited Balance Sheet and Indebtedness incurred in the ordinary course of business after the date of the Audited Balance Sheet, Target has no material Indebtedness outstanding at the date hereof.

  • The decision of the Referee with respect to the items relating to the Effective Time Balance Sheet, Target Balance Sheets and the Net Working Capital, Fixed Assets and/or Prepaid Expenses that are disputed in the Objection Notice shall be final, conclusive and binding on the parties.

  • Except as and to the extent of the amounts specifically reflected or reserved against in the Balance Sheet, Target does not have any liabilities or obligations of any nature whatsoever, due or to become due, accrued, absolute, contingent or otherwise except for liabilities and obligations incurred since the date of the Balance Sheet in the ordinary course of business and consistent with past practice.

  • Management Retention Plan, exceeds the Balance Sheet Target (the “Closing Date Stockholder Distributions”) to the Stockholders according to each Stockholder’s Pro Rata Percentage.


More Definitions of Balance Sheet Target

Balance Sheet Target means an amount equal to $-842,929.
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Balance Sheet Target means an amount equal to $3,500,000.
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Related to Balance Sheet Target

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

  • 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.

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

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

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

  • 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 June 30, 2018, as presented in the Information Statement made available to the Record Holders.

  • Company Balance Sheet Date means December 31, 2016.

  • 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:

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

  • 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).

  • 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-Leaseback Transactions that do not create a liability on the balance sheet of such Person, (iii) any obligation under a Synthetic Lease 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.

  • Audited Company Balance Sheet means the consolidated balance sheet (and the notes thereto) of the Company and its consolidated Subsidiaries as of December 31, 2020, set forth in the Company’s Annual Report on Form 10-K filed by the Company with the SEC for the fiscal year ended December 31, 2020.

  • Reference Balance Sheet Date is defined in Section 3.5.

  • 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 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).

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

  • Most Recent Balance Sheet Date has the meaning set forth in Section 3.6(a).

  • Current Balance Sheet Date means September 30, 1996.

  • Off-Balance Sheet Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment) or (c) an agreement for the sale of receivables or like assets creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, could be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • 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;

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

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

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

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

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