Examples of Fiscal Year Financial Statements in a sentence
Except to the extent of the recorded reserve for doubtful accounts specified on the Fiscal Year Financial Statements, all of the Receivables are collectible in the ordinary course of business and will be fully collected within 90 days after having been created using commercially reasonable efforts.
Except to the extent of the reserve in the Fiscal Year Financial Statements, none of National's inventory is obsolete, has been consigned to others, or is on consignment from others.
The Fiscal Year Financial Statements and, the Current Financial Statements (collectively, the "Financial Statements") have been prepared in accordance with generally accepted accounting principles applied consistently with past practices and have been certified by the Company's chief financial officer.
The buildings, fixtures, improvements, machinery, equipment, tools, furniture, improvements and tangible personal property of National, including those reflected on the Fiscal Year Financial Statements, are in good operating condition and repair and are suitable for the purposes for which they are used in the Business, except (i) minor or routine maintenance, (ii) matters disclosed on Schedule 3.13, and (iii) conditions which in the aggregate would cost less than $25,000 to repair or replace.
All Receivables, whether reflected on the Fiscal Year Financial Statements, disclosed on Schedule 3.12, or created after the end of the last fiscal year of National, arose from bona fide sale or service transactions of National, and no portion of any Receivable is subject to counterclaim, defense or set-off or is otherwise in dispute.
Thus, the 2004 audit cost is accrued as an expense in the 2004 Fiscal Year Financial Statements; however, the cash disbursement will affect the 2005 AOB.
Each of the parties shall have ten (10) business days to review such draft Fiscal Year Financial Statements and provide any comments to KPMG LLP.
The Partners shall prepare, or cause to be prepared, and furnish to each Person who was a Partner during a Fiscal Year as soon as practicable after the close of such Fiscal Year, but in no event later than 90 days after the close of the Fiscal Year, Financial Statements of the Partnership, consistent with the books of account of the Partnership, together with the reports thereon and all supplementary schedules and information prepared by the Accountants.
Notwithstanding any provisions of this Agreement to the contrary and unless agreed to by both parties, the Closing Date shall be no earlier than forty-five (45) days from the date on which the final Fiscal Year Financial Statements shall be delivered by KPMG LLP to both parties.
The parties shall cause KPMG LLP to deliver a draft of the Fiscal Year Financial Statements to both parties for review.