Initial Balance Sheet definition

Initial Balance Sheet means the audited combined balance sheet as of September 30, 2000 included in the Initial Financial Statements.

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Initial Balance Sheet shall have the meaning set forth in Section 2.05(a).

Initial Balance Sheet has the meaning set forth in Section 3.7 hereof.

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.

• 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.

• Buyer and Seller shall use commercially practicable efforts to cause the Independent Accounting Firm to make a final determination as promptly as practicable, but in no event later than sixty days from submission of the Initial Balance Sheet to the Independent Accounting Firm, binding on the parties hereto, of the Closing Equity Adjustment Amount and a supporting balance sheet therefor, and such final determination shall be the final Closing Equity Adjustment Amount.

• The Parent shall not be entitled to make further adjustments to Net Equity reflected in the Initial Balance Sheet (other than those adjustments identified in this Agreement) after the date hereof.

More Definitions of Initial Balance Sheet

Initial Balance Sheet means the combined balance sheet included in the Initial Combined Financial Statements.

Initial Balance Sheet as defined in Section 3.3.

Initial Balance Sheet has the meaning assigned in Section 3.11(a).

Initial Balance Sheet means the balance sheet of the Company dated as at December 31, 2012.

Initial Balance Sheet as defined in Section 1.5.2(a).

Initial Balance Sheet means the balance sheet of the Company, as of either the date thirty (30) calendar days prior to the Closing Date or the last day of the most recent calendar month ending prior to the Closing Date, whichever is earlier, attached hereto as Schedule 1.01-3.

Initial Balance Sheet has the meaning set forth in Section 6(e) below.