Examples of Financial Due Diligence Report in a sentence
The Legal Due Diligence Report made by JunHe Law Offices dated June 26, 2018, the Financial Due Diligence Report made by KPMG dated July 24,2018 and December 28, 2018 shall be true, correct, complete and not misleading in all respects.
The Annual Compensation paid and to be paid to each such Key Employee has been and shall be consistent with the Financial Due Diligence Report of Ernst & Young LLP, dated as of March 30, 2008, provided to the Note Purchasers.
Specifically, on page 49 of the Financial Due Diligence Report, Grant Thornton commented on DS Law and the Target Business’ work in process as follows:The Financial Model [work in process] calculation reflects the estimated revenue earned on files that are in process but not yet billed or otherwise recognized as income as of the balance sheet date.
In particular, the Financial Due Diligence Report shall show that the consolidated net earnings of the Group for the nine months ended 30 September 2004 shall not be less than RMB35,000,000 and the consolidated net earnings of the Group for the calendar year 2003 shall not be less than RMB36,000,000.
It was clearly foreseeable and intended by Grant Thornton that DJSP would rely on the Financial Due Diligence Report created by Grant Thornton and provided to DJSP prior to the closing of the Transaction.