Benchmark Balance Sheet definition

Benchmark Balance Sheet has the meaning set forth in Section 4.6(b).
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Benchmark Balance Sheet has the meaning set forth in §2(c)(i) herein.
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Benchmark Balance Sheet means the consolidated balance sheet of the Company and the Subsidiaries as of February 28, 2022 attached hereto as Exhibit B.
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Examples of Benchmark Balance Sheet in a sentence

  • The Estimated Closing Date Working Capital Statement shall be prepared in accordance with GAAP, as modified by the accounting policies specified on Schedule 2.3(a) (“Specified Accounting Policies”), and to the extent consistent with GAAP, in accordance with the accounting principles, procedures, policies, methods that were employed in preparing the Benchmark Balance Sheet, consistently applied.

  • Each of the Companies has good and marketable title to all of its assets reflected as owned on the Benchmark Balance Sheet, free and clear of all Encumbrances other than Permitted Encumbrances.

  • Seller and its -------------------------- Subsidiaries did not have, as of the Balance Sheet Date, any indebtedness, obligations or liabilities Related to the Business that were required in accordance with GAAP consistently applied by Seller to be reflected, reserved against or otherwise disclosed on the Benchmark Balance Sheet that were not so reflected, reserved against or otherwise disclosed and that exceeded U.S.$1 million in the aggregate.

  • Texas Utilities agrees that it does not and Xxxxxx Merchant agrees that it does not have actual knowledge of any material misstatement contained in or omission from the Benchmark Balance Sheet (however the Parties acknowledge that the amount of cash set forth on the Benchmark Balance Sheet may be reduced as a result of cash distributions prior to March 31, 1998).

  • Such price is based on a projected combined balance sheet of the Acquired Companies and their subsidiaries as of March 31, 1998 that the Parties have agreed upon (the "Benchmark Balance Sheet").

  • The Closing Date Balance Sheet will be prepared in accordance with GAAP using the same accounting principles, procedures, policies and methods that were employed in preparing the Benchmark Balance Sheet (true and correct copies of such specific principles, procedures, policies and methods, as they have been applied to the Business, have been Made Available to Purchaser).

  • The Estimated Closing Date Working Capital Statement shall be prepared in accordance with GAAP, as modified by the accounting policies specified on Schedule 2.3(a) (the "SPECIFIED ACCOUNTING Policies"), consistent with the accounting principles, procedures, policies and methods that were employed in preparing the Benchmark Balance Sheet.

  • The Estimated Closing Date Working Capital Statement shall be prepared in accordance with GAAP, as modified by the accounting policies specified on Schedule 2.3(a) (the "SPECIFIED ACCOUNTING POLICIES"), consistent with the accounting principles, procedures, policies and methods that were employed in preparing the Benchmark Balance Sheet.


More Definitions of Benchmark Balance Sheet

Benchmark Balance Sheet has the meaning set forth in Section 4.6.
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Benchmark Balance Sheet means the unaudited consolidated balance sheet of the Companies as of September 30, 2005. A copy of such balance sheet is attached hereto as Schedule 1.8.
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Related to Benchmark Balance Sheet

  • 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 as defined in Section 3.4.

  • 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.

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

  • 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;

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

  • relevant balance sheet means the latest published audited consolidated balance sheet of the Group, but where the Company has no subsidiaries it means the balance sheet and profit and loss account of the Company and, where the Company has subsidiaries but there are no consolidated accounts of the Group, it means the respective balance sheets and profit and loss accounts of the companies comprising the Group;

  • Current Balance Sheet shall have the meaning set forth in Section 2.7.

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

  • Reference Balance Sheet shall have the meaning set forth in Section 3.06(a).

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

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

  • Most Recent Balance Sheet means the balance sheet contained within the Most Recent Financial Statements.

  • Parent Balance Sheet shall have the meaning assigned to such term in Section 5.13 hereof.

  • 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:

  • Recent Balance Sheet has the meaning set forth in Section 3.5(a).

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

  • 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).

  • 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).

  • 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.

  • Final Balance Sheet has the meaning set forth in Section 2.4.

  • 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).

  • 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.

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

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