Historical Balance Sheet definition
Examples of Historical Balance Sheet in a sentence
It shall be prepared in accordance with the Historical Accounting Procedures used in the preparation of the Historical Balance Sheet, provided, however, that the Final Closing Statement shall not include (i) any liabilities not assumed by Purchaser pursuant to Section 5.1 hereof; (ii) the liabilities set forth in Schedule 5.3; and (iii) the Excluded Assets.
The term "Historical Balance Sheet" shall mean the internally prepared June 30, 1996, balance sheet for the Business, which includes the assets and liabilities of Rumford Cogen and Rumford Falls on a consolidated basis, and is attached as Schedule 1.33 hereto.
The Historical Balance Sheet and Historical Financials, subject to certain year-end adjustments and reclassifications and represented in final form in the statements and footnotes provided pursuant to clause (i)(F) above, present fairly, in all material respects, the financial condition of the Business as of such dates in accordance with GAAP consistently applied.
The Historical Balance Sheet was prepared from the books and records of the Business, and all such books and records were prepared and maintained in accordance with the Historical Accounting Procedures except for the adjustments disclosed in Schedule 1.33.
The Accounts Receivable, all other receivables shown on the Historical Balance Sheet and all receivables acquired or generated by Boise Cascade and Oxford since June 30, 1996 (subject to reserves for noncollectibility as reflected in the Final Balance Sheet), are bona fide receivables and represent amounts due with respect to transactions entered into in the ordinary course of business.
The Historical Balance Sheet presents fairly in all material respects the financial position of such Business at June 30, 1996.
Except as set forth on Schedule 4.12, all inventory of the Targets, whether or not reflected in the Interim Historical Balance Sheet, including WJ Target's Units, consists of a quality usable and salable in the Ordinary Course of Business, except for obsolete items and items of below-standard quality, all of which have been written off or written down to net realizable value in the Interim Historical Balance Sheet or on the accounting records of Targets as of the Effective Date, as the case may be.
There are no Contingent Obligations of the Borrower or its Subsidiaries as of such date involving material amounts, known to the officers of the Borrower, which were not disclosed in such Historical Balance Sheet.
The Company has paid or has made adequate provision in the Interim Historical Balance Sheet for the payment of all Taxes due or accrued by the Company for periods ending on or before the date hereof.
The Historical Balance Sheet, the Current Balance Sheet, the Historical Income Statements, and the Current Income Statement are collectively referred to as the "Financial Statements".