Examples of February Balance Sheet in a sentence
All notes and accounts receivable of the Company and its Subsidiaries shown on the February Balance Sheet were generated for valid consideration in the ordinary course of business.
Except as disclosed on Schedule 3.10, the Company and its Subsidiaries own all of their assets, and have good and marketable title with respect thereto, reflected in the February Balance Sheet, subject to no Liens.
The Company has no liabilities or obligations of any kind (accrued, absolute, contingent, known, unknown or otherwise), except (i) as reflected on the February Balance Sheet, (ii) as incurred in the Ordinary Course of Business since the date of the February Balance Sheet, or (iii) as set forth on Schedule 3.4 or on any other Schedule to this Agreement.
Assets held by the Companies and their respective Subsidiaries on the date hereof, in the aggregate, constitute on the date hereof all the property, real and personal, tangible and intangible, necessary for the conduct by the Companies and their respective Subsidiaries of the business reflected in the February Balance Sheet, in the case of Simon, or in the Audited Balance Sheets, in the case of Simon Hong Kong.
All Taxes due from Shareholder or the Company in connection with the Company’s business have been paid by either Shareholder or the Company, other than taxes which are not yet due or which, if due, are not yet delinquent or are being contested in good faith, and for which (in all cases) adequate reserves have been established on the February Balance Sheet.
February FinancialsThe CFO reviewed the February Balance Sheet that includes the balances from December 31, 2021, through February 28, 2022.
Neither the Company nor any of its Subsidiaries has Indebtedness or Liens upon any of their properties other than those which are reflected on the February Balance Sheet and Indebtedness incurred in the ordinary course of business since February 28, 1999.
The inventories of Seller consists of work in progress ----------- and finished goods (including, without limitation, Seminar materials, audiovisual works and audiovisual works embodied in home video devices), if any, that are included in the Transferred Assets are listed on the February Balance Sheet with additions and deletions in the ordinary course of business since February 28, 1999 (the "Inventories").
Except as set forth on Schedule 2.15(b), as of February 28, 2005, the accruals and reserves for Taxes (other than deferred Taxes) established on the February Balance Sheet were adequate to cover any liabilities for material Taxes of the Company and its Subsidiaries.
Buyer and Sellers shall in good faith mutually agree to the amount of cash and cash equivalents set forth on the Estimated February Balance Sheet.