Closing Balance Sheet Report definition

Closing Balance Sheet Report. See Section 3.2;
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Closing Balance Sheet Report shall have the meaning set forth in Section 3.1(b);
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Examples of Closing Balance Sheet Report in a sentence

  • The Closing Balance Sheet Report shall list those items, if any, to which the Seller Representatives take exception and the Seller Representatives’ proposed adjustment.

  • The Closing Balance Sheet Report shall list those items, if any, to which the Sellers’ Representative takes exception and the Sellers’ Representative’s proposed adjustment.

  • If the Seller Representatives fail to deliver to the Buyers the Closing Balance Sheet Report within forty-five (45) calendar days following receipt of the Closing Balance Sheet Statement, the Sellers shall be deemed to have accepted the Closing Balance Sheet Statement for the purposes of any adjustment to the Purchase Price under Section 3.1(c) or Section 3.1(d).

  • The Closing Balance Sheet Report shall be prepared in a manner consistent with the sample calculation set forth on Annex G.

  • The Closing Balance Sheet shall be examined by the Seller, and the Seller shall, not later than 30 calendar days after receipt of the Closing Balance Sheet, render a report thereon (the "Closing Balance Sheet Report").

  • The Closing Balance Sheet Report shall list those items, if any, to which the Sellers' Representative (on behalf of the Sellers) takes exception and the Sellers' Representative proposed adjustment.

  • The Seller agrees that the Buyer and Ernst & Young LLP shall have immediate access to the books and records, other financial information (including the working papers of Price Waterhouse LLP) and appropriate financial personnel of the Seller which the Buyer reasonably deems necessary or advisable for the Final Closing Balance Sheet Report.

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  • If the Buyer does not give the Sellers’ Representative notice of objections within 30 calendar days following receipt of the Closing Balance Sheet Report, the Buyer shall be deemed to have accepted the Closing Balance Sheet as adjusted by the Sellers’ Representative for the purposes of any adjustment to the Purchase Price under Section 3.1(b).

  • If the Stockholders’ Agent fails to deliver to the Parent the Closing Balance Sheet Report within 20 calendar days following receipt of the Parent’s Report, the Stockholders’ Agent shall be deemed to have accepted the Closing Balance Sheet for the purposes of any adjustment to the Purchase Price under Section 4.8(b).

Related to Closing Balance Sheet Report

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

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

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

  • Preliminary Closing Balance Sheet has the meaning set forth in Section 2.2(b) below.

  • 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.

  • Company Balance Sheet Date means December 31, 2016.

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

  • 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).

  • 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.

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

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

  • 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;

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

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

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

  • Closing Date Balance Sheet has the meaning specified in Section 2.7.

  • 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.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

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

  • 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:

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • 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).