Examples of Company Most Recent Balance Sheet in a sentence
The accrued but unpaid Taxes of the Company and its Subsidiaries for Tax Periods through the date of the Company Most Recent Balance Sheet do not exceed the accruals and reserves for Taxes (other than deferred Taxes) set forth on the Company Most Recent Balance Sheet.
The Company shall not pay, discharge or satisfy any claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction, in the ordinary course of business and consistent with past practice, of liabilities reflected or reserved against in the Company Most Recent Balance Sheet and authorized pursuant to Section 7.2 hereof.
The Company shall not pay, discharge or satisfy any claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction, in the ordinary course of business and consistent with past practice, of liabilities reflected or reserved against in the Company Most Recent Balance Sheet and authorized pursuant to Sections 9.2, 9.4 and 9.7 hereof.
For purposes of this Agreement, “Public Company Financial Statements” means the unaudited consolidated balance sheet of Public Company (the “Public Company Balance Sheet”) as of March 31, 2024 (the “Public Company Most Recent Balance Sheet Date”) and the unaudited consolidated profit and loss statement and cash flows for the three months ended as of the Most Recent Balance Sheet Date.
Each Operating Company has good and valid title to, or a valid leasehold interest in, all the properties and assets that it purports to own or lease (real, tangible, personal and mixed), including all the properties and assets reflected on the Operating Company Most Recent Balance Sheet (except for personal property sold since the date of the Operating Company Most Recent Balance Sheet in the ordinary course of business consistent with past practices).
All accounts receivable of the Company reflected on the Company Most Recent Balance Sheet are valid, current and collectible subject to no setoffs or counterclaims (within thirty (30) days after the date on which it first became due and payable) and without taking into account the applicable reserve for bad debts on the Company Most Recent Balance Sheet.
The Company has good and marketable title to, or a valid leasehold interest in or valid license to use, the properties and assets used by it, located on its premises, or shown on the Company Most Recent Balance Sheet or acquired after the date thereof, free and clear of all Security Interests, except for properties and assets disposed of in the Ordinary Course of Business since the date of the Company Most Recent Balance Sheet and as otherwise set forth in Section 4.5 of the Company Disclosure Schedule.
Such accounts receivable (net of any reserves reflected on the Company Most Recent Balance Sheet) will be collected in full in the Ordinary Course of Business without resort to an attorney or collection agency.
The Company has good and marketable title to, or a valid leasehold interest in or valid license to use, the properties and assets used by it, located on its premises, or shown on the Company Most Recent Balance Sheet or acquired after the date thereof, free and clear of all Security Interests, except for properties and assets disposed of in the Ordinary Course of Business since the date of the Company Most Recent Balance Sheet and as otherwise set forth in Section 4.7 of the Company Disclosure Schedule.
Since the Company Most Recent Balance Sheet Date, there has not been: (A) any materially adverse change in the business relationship of the Company with any customer named in the Company Disclosure Schedule; or (B) any change in any material term (including credit terms) of the sales agreements or related agreements with any customer named in the Company Disclosure Schedule.