Examples of First Relevant Period in a sentence
Schein’s repurchases of its common stock during the First Relevant Period [ id.
SRF did not inform the ASX of the Material EBITDA Information during the First Relevant Period.
The relevant figures in the PRC Financial Records and the list of adjustments used in preparation of the Management Reconciliation are same as the financial information provided to Deloitte in the course of its audits for the First Relevant Period, and the results of the Management Reconciliation, i.e. consolidated revenue and consolidated net profits, are consistent with the Financial Statements for the First Relevant Period.
Other adjustmentsThe relevant adjustments were made to correct certain miscellaneous accounting errors in the relevant PRC Financial Records discovered in the course of the audits for the First Relevant Period performed by Deloitte, such as misstatement of payroll expense etc.
In the event that the Profit Stream received and/or receivable by Superiority Wealthy for the First Relevant Period shall be less than HK$11,574,000, the Junket Promotor undertakes to pay to Superiority Wealthy an amount equivalent to the difference between HK$11,574,000 and the Profit Stream received and/or receivable by Superiority Wealthy during the First Relevant Period, which payment shall be made and settled in entirety within 60 Business Days of the expiration of the First Relevant Period.
During the period commencing on 27 August 2015 and concluding 2 May 2016 ( the First Relevant Period), an officer or officers of SRF had, or ought reasonably to have, come into possession of information that SRF’s EBITDA for the financial year ending 30 June 2016 would be, or would be expected to be, significantly less than between $A15 million and $18 million (Material EBIDTA Information).
In the event that the amount of Consideration Shares to be issued for the Third Relevant Period as calculated above is a positive figure, the Company shall issue such amount of Consideration Shares to the Vendors, subject to a cap equals to the Total Consideration Shares minus the aggregate number of Consideration Shares for the First Relevant Period and the Second Relevant Period issued to the Vendors.
Pursuant to the Agreement, the Vendor and the Guarantor has jointly, severally, irrevocably and unconditionally warranted, guaranteed and undertaken to and with the Company that the consolidated Net Profits of the Target Group for each of the First Relevant Period and the Second Relevant Period as to be shown in the audited accounts of the Target Group for such period to be prepared by a certified public accountants acceptable to the Company shall not be less than HK$15,000,000 (the “Target Sum”).
Revenue Guarantee The Lessor and the Guarantors irrevocably and unconditionally guaranteed to the Lessee that the Revenue Stream for the First Relevant Period shall not be less than HK$450,000,000 in aggregate.
Since Listing, the Audit Committee did not receive any indication of fraud and material errors in relation to the Company’s financial reporting for the First Relevant Period.