Initial Closing Balance Sheet definition

Initial Closing Balance Sheet means the statement of assets and liabilities of the Corporation as at the close of business on September 30, 2004 calculated in accordance with GAAP (excluding accruals in respect of the Jasc YE Bonus Program), delivered in accordance with section 2.9.1;

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Initial Closing Balance Sheet. 2.07" "Initial Closing Date" "2.03" "South Shore Note" "8.01" "Trusts" "3.24"

Initial Closing Balance Sheet is defined in Section 2.2.1 "Intangible Property" is defined in Section 5.17 "Inventory" is defined in Section 1.1.2 "Lease" is defined in Section 5.9 "Liens" is defined in Section 1.1 "Losses" is defined in Section 10.1 "Net Equity" is defined in Section 2.2.3 "Pension Plan" is defined in Section 5.16 "Phase 2" is defined in Section 7.1.6 "Premises" is defined in Section 5.9 "Purchased Assets" is defined in Section 1.1

Examples of Initial Closing Balance Sheet in a sentence

Notwithstanding anything to the contrary in this Agreement, the Jasc Stockholders will not be liable for any amounts associated with the Jasc YE Bonus Program, including to the extent those amounts should have been accrued on the Initial Closing Balance Sheet or the Working Capital Closing Balance Sheet.
The Initial Closing Balance Sheet will then be amended to reflect the determination of the final value of each of the Disputed Adjustments and will become the Final Closing Balance Sheet.
The Initial Closing Balance Sheet will show a minimum amount of Adjusted September 30 Working Capital at least equal to the Required Working Capital Amount.
If Buyer and Seller are able to reach an agreement on the Disputed Adjustments, the Initial Closing Balance Sheet will be amended to reflect such agreement and will become the Final Closing Balance Sheet.
The Working Capital Closing Balance Sheet will contain a reconciliation that details any differences between this balance sheet and the Initial Closing Balance Sheet.
If Buyer agrees to the Initial Closing Balance Sheet, it will become the Final Closing Balance Sheet.
If the Adjusted Assets reflected on the Initial Closing Balance Sheet are less than $9,000,000, the number of shares of Preferred Stock comprising the Purchase Price shall be reduced by an amount equal to the quotient of (A) $9,000,000 less the Adjusted Assets reflected on the Initial Closing Balance Sheet divided by (B) the Adjustment Date Share Price.
Upon receipt of the Initial Closing Balance Sheet, Buyer and its independent accountants will be permitted during the succeeding 35 day period to examine the books and records of Seller and the work papers prepared by Seller or Seller's accountants.
Purchaser and Selling Parent shall use their best efforts to agree on a final closing balance sheet (the "Final Closing Balance Sheet") for the Selling Sub as of the Closing Date and an income statement for the Selling Sub's history of operation through the Closing Date, within 30 days after the Closing Date, that is prepared on the same basis as the Initial Closing Balance Sheet and reflects any adjustments apparent after the Closing Date.
At the Closing, the Seller shall deliver to the Purchaser an unaudited estimated balance sheet (the "Initial Closing Balance Sheet") as at the Closing Date, prepared in accordance with the Accounting Policies, subject to the amounts reflected thereon being the Seller's best estimates as of the Closing Date.

More Definitions of Initial Closing Balance Sheet

Initial Closing Balance Sheet has the meaning specified in Section 2.03(b)(i).

Initial Closing Balance Sheet means the estimated consolidated balance sheet prepared by the Company for the Finance Co Companies as of the Closing Date, prepared in accordance with the Applicable Accounting Principles and giving effect to (to the extent not already reflected in such consolidated balance sheet) the Recapitalization and the other pre-Closing transactions contemplated by this Agreement and consummated on or prior to the Closing Date and, after giving such effect, adjusted for any Balance Sheet Adjustments, and provided to Investor and to Seller no less than two (2) Business Days prior to the Closing Date. The Initial Closing Balance Sheet shall include a schedule setting forth the calculation of the Initial Tangible Net Book Value.

Initial Closing Balance Sheet shall have the meaning set forth in section 1.6(f).