Effective Date Accounts definition

Effective Date Accounts means the financial statements of the Seller for the period ending on the day immediately preceding the effective date;

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Effective Date Accounts means the financial statements of the Company for the financial year that ended on the Effective Date contained on CD attached as Schedule 1.1;

Effective Date Accounts means the unaudited balance sheet of the Company as at 28 February 1999 , in SCHEDULE 1;

Examples of Effective Date Accounts in a sentence

• LRA-CA shall make a good faith effort to collect the Effective Date Accounts Receivable.

• Shareholder represents and warrants that all Effective Date Accounts Receivable shall be collectible in their full amounts less a reserve for doubtful accounts of ten percent (10%) of the total principal amount of Effective Date Accounts Receivable outstanding within twelve (12) months of the Effective Date.

• Such firm's conclusions as to the carrying values to appear on the Effective Date Balance Sheet, the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report for purposes of determining the Final Net Worth of the Company shall be conclusive.

• Such firm's conclusions as to the carrying values to appear on the Effective Date Balance Sheet Report, the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report for purposes of determining the Final Net Worth of the Company shall be conclusive.

• If Seller and Buyer cannot resolve any such discrepancy within thirty (30) days after Seller's receipt of such response, then an independent public accounting firm acceptable to the Seller and the Buyer shall be retained to review the Effective Date Balance Sheet, the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report and to make a final determination thereof no later than thirty (30) days after their receipt thereof.

More Definitions of Effective Date Accounts

Effective Date Accounts means the financial statements (generally in the form of a company’s balance sheet and company’s profit and loss account) relating to the Business as at the Effective Date and drafts of which, as presented by the Purchaser to the Seller, shall be in accordance with both the principles applied by the Seller’s Group in the most recently published annual accounts and Belgian GAAP;

Effective Date Accounts the balance sheet as at the Effective Time, to be prepared in respect of the Business in accordance with Annexe J;

Effective Date Accounts has the meaning given in Clause 8.1.1.

Effective Date Accounts means the balance sheet of KM Norway and the consolidated balance sheet of KM GB and the Subsidiaries both as at the Effective Date and in the Agreed Form; Employees means all employees employed by K▇▇▇-▇▇▇▇▇ North Sea (U.K.) Limited immediately prior to Completion; Encumbrance means any interest or equity of any person (including any right to acquire, option or right of pre-emption or conversion) or any mortgage, charge (fixed or floating), pledge, lien, assignment by way of security, hypothecation, security interest, title retention or any other security agreement or arrangement, or any agreement to create any of the above;

Effective Date Accounts means the audited annual financial statements (including all notes thereto) of the Companies, for the financial year ending 31 December 2005, as adjusted in terms of the audited statements dated 11 July 2006 and attached hereto as Annexure “C”;

Effective Date Accounts means the financial statements (generally in the form of a company’s balance sheet and company’s profit and loss account) relating to the Business as at the Effective Date and drafts of which, as presented by the Purchaser to the Seller, shall be in accordance with both the principles applied by the Seller’s Group in the most recently published annual accounts and Belgian GAAP; “Employees” means all employees working in the Business on the Completion Date (as per the Effective Date estimated at approximately __________ [number]) and who shall transfer to the Purchaser by operation of law and who (or most of whom) are named in the Annex headed “Employees and Collective Agreements”, and “Employee” means any of them; “Encumbrance” means any encumbrance, mortgage (“hypotheek/hypothè- que”), pledge (“pandrecht/gage”), assignment by way of security, option or right of preemption, any executional attachment (“uitvoerend beslag/saisie exécutoire”) and any other interest or right held that could be raised by a third party having an interest in acquiring or executing the goods so encumbered; “Equipment” means all machinery, spare parts, tools, equipment, tangible chattels, motor vehicles, furniture, fixtures and fittings (to the extent they are not included in the Properties) used in connection with and as of the Effective Date, title to which is held by the Seller and as summarily described in the Annex headed “Equipment”, but excluding the Excluded Receivables; “Excluded Liabilities” means, collectively:

Effective Date Accounts means the audited accounts of the Company as of the Accounts Date prepared in accordance with clause 3.5;