Business Financials definition

Business Financials has the meaning set forth in Section 6.15(a).
Business Financials means a balance sheet of the Business as of December 31, 2011 and those pro forma summary contribution statements for the business as if run as a separate division of the Seller for the 12-month periods ended December 31, 2009, December 31, 2010, and December 31, 2011, all as attached hereto as Schedule 1.01(A), prepared in each case in accordance with the Accounting Principles.
Business Financials shall have the meaning set forth in Section 2.5(a).

Examples of Business Financials in a sentence

  • The Business Financials have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the periods involved (except as may otherwise be indicated therein) and each presents fairly, in all material respects, the financial position of the Business as at the date thereof and the results of its operations and cash flow position for the period indicated.

  • The audit of the Audited 2007 Business Financials by Seller’s independent public accounting firm shall have been completed and the opinion of such independent public accountants on the Audited Business Financials shall contain no material qualifications and shall otherwise be in customary form reasonably satisfactory to Purchaser.

  • If the Audited 2008 Business Financials have not been completed and delivered to Purchaser, but all other closing conditions are satisfied or waived, as applicable, and the Parties effect the Closing pursuant to Section 1.6 of this Agreement, Purchaser shall deposit fifteen million dollars ($15,000,000) of the Purchase Price (the “Withheld Amount”) with the Escrow Agent to be held in escrow (on the terms set forth below and such further terms as Purchaser and Seller may mutually agree).

  • The Partnership has made available to Buyer (i) copies of all SEC Reports filed as of the date hereof, and (ii) copies of the Propane Business Financials.

  • Seller shall use its best efforts to prepare and complete the Audited 2008 Business Financials, and to cause the audit of such financial statements to be completed on or prior to the forty-fifth (45th) calendar day after the Closing Date.

  • If the Audited 2008 Business Financials are completed and delivered to Purchaser on or prior to the forty-fifth (45th) calendar day after the Closing Date, Purchaser shall cause the Escrow Agent to promptly pay the entire Withheld Amount (including interest with respect thereto) to Seller.

  • Buyer shall have received the Historical Business Financials prepared in accordance with Section 8.8, including an opinion by the Audit Firm, as applicable.

  • The Business Financials present fairly and accurately, in all material respects, the financial condition and operating results of the Company and its Subsidiaries with respect to the conduct of the Business as of the dates and during the periods indicated therein.

  • Subject to amounts reserved therefor on the December 31, 1996 balance sheet of the Merck Contributed Business Financials, the values at which all Inventories are carried on the December 31, 1996 balance sheet of the Merck Contributed Business Financials, including Retained Inventory, if any, reflect the valuation of such Inventories at the lower of cost or market value, where cost is the supply price calculated pursuant to the Merck Manufacturing Supply Price Formula.

  • The Business Financials are unaudited and have been prepared from the books and records of Seller maintained in the Ordinary Course, and are accurate in all material respects.


More Definitions of Business Financials

Business Financials means (i) for each fiscal year ended December 31, 2007, 2008 and 2009 and for each quarterly period for fiscal year 2009, the unaudited Schedule of Profit & Loss for the Business, (ii) for each of December 31, 2008, June 30, 2009 and September 30, 2009, the unaudited balance sheet of the Business Subsidiary, (iii) unaudited accounts receivable, net and deferred revenue balances of the Business as of December 31, 2009 and (iv) for each quarterly period for fiscal year 2009, the unaudited bookings figures for the Business, in each case for clauses (i) -(iii), prepared in accordance with GAAP consistently applied, and in each case for clauses (i)-(iv), exclusive of Business Pro-Forma Adjustments, if any.

Related to Business Financials