Business Balance Sheet definition

Business Balance Sheet shall have the meaning set forth in Section 3.4(a).

Business Balance Sheet means the unaudited consolidated balance sheet of the Business as of the Balance Sheet Date.

Business Balance Sheet means the unaudited balance sheet of the Business as of June 30, 2011.

Examples of Business Balance Sheet in a sentence

• The reserve for bad debts shown on the Business Balance Sheet or, with respect to accounts receivable arising after the Balance Sheet Date, on the accounting records of the Transferred Entities have been determined in accordance with GAAP, consistently applied.

• Except for Liabilities (a) which are reflected or reserved against in the Business Balance Sheet, (b) set forth in Section 3.5 of the Sellers Disclosure Letter or (c) incurred in the ordinary course of business since the Balance Sheet Date which are of a category reflected or reserved against and in amounts consistent with those reflected on the Business Balance Sheet the Business has no Liabilities that would be required to be reflected on a balance sheet prepared in accordance with GAAP.

• Zenith shall be responsible for and shall pay all premium taxes which shall accrue on or after the Effective Date with respect to the Insurance Contracts; the Company shall remain responsible for the payment of, and Zenith shall have no obligation to pay, any premium taxes which shall accrue prior to the Effective Date which have not otherwise been accrued on the Final Business Balance Sheet.

• None of such Inventory is obsolete, damaged, defective, distressed, out of specification as set forth in the Registrations, or of below-standard quality, except that which has been or shall be written off or written down to net realizable value on the Balance Sheet, the Business Balance Sheet, the Interim Balance Sheet, the Interim Business Balance Sheet and the accounting records of the Seller as of the Closing Date in accordance with the past custom and practice of the Seller.

• Any such payment shall be made within five business days after receipt of the Revised Final Business Balance Sheet by wire transfer of immediately available funds to an account designated by the party entitled to receive such payment.

More Definitions of Business Balance Sheet

Business Balance Sheet as used herein shall mean a schedule in the form of a corporate balance sheet showing the net book values, as of a specified time, of the respective categories of assets and liabilities set forth in the Recent Business Balance Sheet (as defined in Section 4.4), but reflecting only the Purchased Assets and the Assumed Liabilities. Each Business Balance Sheet shall be in form and level of detail as nearly as possible identical to, and in its accounting principles and policies consistent in every respect with, the Recent Business Balance Sheet (except that inventory shall be based on a physical inventory, except that there shall be no reserve for bad debts and except that there shall be established a "Warranty Reserve" in the amount of Two Hundred Fifty Thousand Dollars ($250,000)), and accompanied by schedules setting forth in reasonable detail all assets and liabilities included therein. Each Business Balance Sheet or its accompanying schedules shall contain sufficient detail of the Purchased Assets and Assumed Liabilities for the determination of Net Asset Value as defined below.

Business Balance Sheet. The term "Business Balance Sheet" as used herein shall mean a schedule in the form of a corporate balance sheet showing the net book values, as of a specified time, of the respective categories of assets and liabilities set forth in the Recent Business Balance Sheet (as defined in

Business Balance Sheet means the unaudited, disaggregated balance sheets of Sellers reflecting the assets and liabilities of the Business as of May 31, 2005 and attached as Exhibit A to the Letter of Intent (as such term is defined in the Bridge Note Purchase Agreements).

Business Balance Sheet means the unaudited balance sheet of the Business dated as of December 31, 2004 set forth on Schedule 4.1(g)(ii) of the Company Disclosure Schedule.

Business Balance Sheet is defined in Section 4.5(a).

Business Balance Sheet means the unaudited balance sheet of the Business as of October 31, 2018 included in the Business Financial Statements.

Business Balance Sheet means the unaudited draft balance sheet of MPCo as at December 31, 2008 included in the Business Financial Statements.