Examples of Initial Balance Sheet in a sentence
The Intercompany Indebtedness has not been reflected in the Initial Balance Sheet, and will not be reflected in the Estimated or Closing Balance Sheet, as an asset or liability and, consequently, shall have no effect on the calculation of the Purchase Price Adjustment hereunder.
Inventories on hand that were purchased after the date of the Initial Balance Sheet were purchased in the ordinary course of the Business consistent with past practices or reasonable future expectations at a cost generally not exceeding market prices prevailing at the time of purchase.
Since the Initial Balance Sheet Date, to the Knowledge of the Parent, there has not been any change in the business relationship of the relevant members of either Company Group with any customer or supplier named in Schedule 5.14 to the Parent's Disclosure Letter that could reasonably be expected to have a Material Adverse Effect on the Businesses.
If required to do so by such Independent Accounting Firm, in connection with its engagement, Buyer and Seller shall (i) negotiate in good faith to agree to a specific materiality level for the conduct of the engagement (which shall not exceed $30,000 nor be less than $10,000 per individual item) and (ii) submit the Initial Balance Sheet (with such changes as may then have been agreed by Seller and Buyer) to such Independent Accounting Firm for audit.
Such notice shall be accompanied by the consolidated balance sheet of the Company used to prepare the Initial Closing Equity Statement (the "Initial Balance Sheet"), together with the related estimated statement of results of operation and cash flows for the period from December 28, 1998 to the Closing Date used to prepare the Initial Balance Sheet.