Fiscal Month End definition
Examples of Fiscal Month End in a sentence
Since the Most Recent Fiscal Month End, there has not been any Material Adverse Change.
All Accounts Receivable of Seller existing on the business day immediately preceding the Closing Date are reflected on Section 3.26 of the Disclosure Schedule (other than those paid since the date hereof), are valid receivables subject to no setoffs or counterclaims and are current and collectible, net of the applicable reserve for bad debts as of Most Recent Fiscal Month End.
Within twenty-one (21) days after each Fiscal Month End Date, a Borrowing Base Certificate, in form and substance satisfactory to the Agent reporting that all Revolving Credit Loans and Letter of Credit Obligations as of such Fiscal Month End Date are in compliance with the Net Borrowing Base as of such Fiscal Month End Date and such Borrowing Base Certificate shall be accompanied by a summary accounts receivable aging.
Since the Most Recent Fiscal Month End until the Closing Date, there has not been any material adverse change in the business, financial condition, operations or results of operations of the Company.
Except as reflected in the Most Recent Fiscal Month End balance sheet or incurred since the date thereof in the Ordinary Course of Business, Seller has no known material liability (whether absolute or contingent, whether liquidated or unliquidated and whether due or to become due) and, to the knowledge of Seller, there is no basis for any present or future Proceeding against the Seller giving rise to any liability.
Target has paid its current and former employees, officers, directors, managers, independent contractors and consultants or adequately accrued for in accordance with GAAP in the Financial Statements all wages, salaries, commissions, bonuses, benefits and other compensation due to or on behalf of such employees, officers, directors, managers or consultants prior to the Most Recent Fiscal Month End.
Section 3B(g) of the Disclosure Schedule sets forth as of the Most Recent Fiscal Month End a true and correct listing of the indebtedness of the Company described in clauses (i), (ii) and (iii) of the definition of Funded Indebtedness.
The January 31, 1997 financial statements are the "Most Recent Financial Statements" and January 31, 1997 is the "Most Recent Fiscal Month End." December 31, 1996 is the "Most Recent Fiscal Year End." "Most Recent Balance Sheet" means the balance sheet contained within the Most Recent Financial Statements.
All accounts receivable reflected on the balance sheet at the Most Recent Fiscal Month End or on such books have been generated in the Ordinary Course of Business and reflect bona fide obligations for the payment of goods or services provided by the Company.
Except as otherwise contemplated by this Agreement or as set forth in Section 3B(f) of the Disclosure Schedule, since the Most Recent Fiscal Month End, the Company has conducted its business only in the Ordinary Course of Business and there has not been any Material Adverse Change with respect to the Company.