Examples of Full Year Financial Statements in a sentence
Emmis has provided to Purchaser copies of the (i) audited statements of operations and balance sheets for the Purchased Stations for the years ended February 28, 2018 and February 28, 2019 (the “Full Year Financial Statements”) and (ii) unaudited statements of operations and balance sheets for the Purchased Stations dated May 31, 2019 and for the three-month period then ended (the “Interim Financial Statements” and, together with the Full Year Financial Statements, the “Financial Statements”).
The Full Year Financial Statements and the Reference Financial Statements fairly present (including the exceptions noted on Section 5.5 of the Seller Disclosure Schedule) the results of operations and financial position of the Business for the respective periods covered thereby in all material respects.
Sellers have provided to Buyers copies of their (i) unaudited statements of operations and balance sheets for the Stations for the years ended February 28, 2015, February 29, 2016 and February 28, 2017 (the “Full Year Financial Statements”) and (ii) unaudited statements of operations and balance sheets for the Stations dated January 31, 2018 and for the eleven (11) month period then ended (the “Interim Financial Statements” and, together with the Full Year Financial Statements, the “Financial Statements”).
The Full Year Financial Statements were derived from the audited consolidated financial statements of Seller which were prepared in accordance with GAAP.
All of Vulcan's or the JV's receivables (including accounts receivable, loans receivable and advances) which have arisen in connection with the Business and which are reflected in the Full Year Financial Statements or the Interim Financial Statements, and all such receivables which have arisen since the Interim Financial Statements, have arisen only from bona fide transactions in the ordinary course of business.
The Full Year Financial Statements, the Joint Venture Financial Statements and the Interim Financial Statements have been prepared by Vulcan in accordance with GAAP and present fairly, in all material respects, as applicable, the financial position and results of operations of the Business at the dates and for the periods indicated, subject, in the case of the Interim Financial Statements, to normal year-end adjustments and the absence of footnotes.
The Full Year Financial Statements and the Reference Financial Statements have not been prepared in accordance with GAAP standards for presentation on a standalone basis, and both include items that are eliminated in consolidation as described in Section 5.5 of the Seller Disclosure Schedule and exclude items that may customarily be included in consolidations as described in Section 5.5 of the Seller Disclosure Schedule.
The Adjustment Statement shall be unaudited and prepared in good faith and in accordance with GAAP using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Full Year Financial Statements for the most recent fiscal year end.
The Full Year Financial Statements and the Reference Financial Statements have been prepared in a manner customary for divisions reporting into a consolidated group within Xxxxxxx and compiled in accordance with the accounting principles, adjustments and exceptions described in Section 5.5 of the Seller Disclosure Schedule.
The SKS Parties will use their commercially reasonable best efforts to cooperate with HoldCo in, and to enable, the preparation of audited financial statements of Ohr LLC based on the Full Year Financial Statements within seventy four (74) days after the date of this Agreement.