Examples of Company Interim Balance Sheet in a sentence
There are no warranty claims or other uninsured claims pending or, to the Knowledge of the Company, threatened against the Company under any Contracts which might involve a material monetary Liability which is not fully reserved against in the Company Interim Balance Sheet.
The Company does not have any Liabilities of any nature, except Liabilities (i) expressly stated in the Company Interim Balance Sheet, and (ii) incurred in the ordinary course of business since the date of the Company Interim Balance Sheet, as applicable, and consistent with the Company’s past practice (including as to frequency and amount), and that do not exceed $50,000 individually or in the aggregate.
The reserves set forth on the Company Audited Balance Sheet and the Company Interim Balance Sheet against the accounts receivable for bad debts have been calculated in an appropriate manner consistent with Singapore FRS and with the past practices of the Company.
Neither the Company nor any of its Subsidiaries has any material Liabilities, except for (a) Liabilities disclosed in Section 2.7 or Section 2.8 of the Company Disclosure Schedule or (b) Liabilities which have arisen since the Company Interim Balance Sheet Date in the ordinary course of business consistent with past practice (not including breaches of any Contracts or Permits).
The Company shall have received from Ernst & Young and delivered to Buyer an unqualified audit report with respect to an independent audit of the Company Interim Balance Sheet and Company Interim Financial Statements (the “Audit”).