Examples of Interim Balance Sheet in a sentence
All items included in the Inventories consist of a quality and quantity usable and, with respect to finished goods, saleable, in the Ordinary Course of Business of the Business except for obsolete items and items of below-standard quality disclosed in Schedule 3.12, all of which have been written off or written down to net realizable value in the Balance Sheet or the Interim Balance Sheet or on the accounting Records of Seller as of the Effective Date, as the case may be.
Seller has paid, or made provision for the payment of, all Taxes that have or may have become due for all periods covered by the Tax Returns or otherwise, or pursuant to any assessment received by Seller, except such Taxes, if any, as are listed in Schedule 3.14(a) and are being contested in good faith and as to which adequate reserves (determined in accordance with GAAP) have been provided in the Balance Sheet and the Interim Balance Sheet.
Such financial statements fairly present the financial condition and the results of operations, changes in shareholders’ equity, and cash flows of the Business as at the respective dates of and for the periods referred to in such financial statements, all in accordance with GAAP (except that in the case of the Interim Balance Sheet and other interim financial statements referred to in (c) above, such statements will not contain footnotes or year-end adjustments).
There exists no proposed tax assessment or deficiency against Seller except as disclosed in the Interim Balance Sheet or in Schedule 3.14(c).
Except as set forth in Schedule 3.13, Seller has no Liability except for (a) Liabilities reflected or reserved against in the Balance Sheet or the Interim Balance Sheet, and (b) current liabilities incurred in the Ordinary Course of Business of the Business since the date of the Interim Balance Sheet.