Examples of Holdings Financial Statements in a sentence
The Texas Genco Holdings Financial Statements have been prepared in accordance with GAAP (and, except in the case of quarterly Texas Genco Financial Statements, set forth adjustments and disclosures required in order to conform to GAAP) consistently applied and present fairly, in all material respects, the financial position of Texas Genco Holdings as of the dates thereof and the results of operations and cash flow of Texas Genco Holdings for the periods then ended.
The accruals and reserves for taxes reflected in the Concho Holdings Financial Statements are adequate to cover all taxes accruable through such date (including interest and penalties, if any, thereon) in accordance with GAAP.
The Holdings Financial Statements fully accrue all actual and contingent Liabilities for unpaid Taxes with respect to all periods through the date thereof, and Holdings and MergerSub each have made adequate provision for unpaid Taxes after that date in its books and records.
The Concho Holdings Financial Statements, including the notes thereto, were prepared in accordance with GAAP applied on a consistent basis throughout the periods covered thereby (except to the extent disclosed therein or required by changes in GAAP) and fairly present in all material respects the consolidated financial position of Concho Holdings at the dates thereof and the consolidated results of the operations of Concho Holdings for the periods indicated.
The Holdings Disclosure Schedule also contains complete and accurate copies of the unaudited consolidated balance sheet, consolidated statements of income, retained earnings and cash flows (together with any supplementary information thereto) of Holdings, all as of and for the first and second fiscal quarters of 1997 and the four week period ended August 2, 1997 (all of the foregoing financial statements, collectively, the "Holdings Financial Statements").
All deficiencies asserted or assessments made as a result of any examinations have been fully paid, or are fully reflected as a liability in the Holdings Financial Statements or are being contested in good faith and an adequate reserve therefor has been established and is fully reflected in the Holdings Financial Statements.
The Holdings Financial Statements have been prepared in accordance with GAAP and fairly present in all material respects the assets, liabilities, financial position and results of operations of Holdings as of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, immaterial, year-end audit adjustments.
Since the date of the Holdings Financial Statements, Holdings has conducted its business as ordinarily conducted consistent with past practice and there has not occurred any change, event or condition (whether or not covered by insurance) that has resulted in, or would reasonably be expected to result in any Material Adverse Effect on Holdings and MergerSub.
As of the date hereof, Holdings does not have any material debt, liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due, that is not reflected in the Holdings Financial Statements.
Texas Genco has provided Seller with true and correct copies of Texas Genco Holdings' balance sheet, income statement and statement of changes in cash flows for each of Texas Genco Holdings' last three completed fiscal years, together with the related reports of its independent accountants, each as filed with the Securities and Exchange Commission (collectively, the "Texas Genco Holdings Financial Statements").