Interim Management Accounts definition
Interim Management Accounts has the meaning set forth in Section 7.8.
Interim Management Accounts means an unaudited pro forma combined balance sheet of the Subject Companies on a pro forma basis, as at September 30, 2000 and unaudited pro forma combined statements of income, owner's net investment and cash flows for the interim period then ended each as prepared on the basis of the Rexam Accounting Policies and in accordance with GAAP.
Interim Management Accounts means the management accounts of the Corporation as at the Interim Date consisting of a balance sheet and the accompanying unaudited statement of income of the Corporation for the 4-month period then ended and all notes in respect thereof. “Interim Period” means the period between the close of business on the date of this Agreement and the Closing. “ITC” has the meaning specified in Section 3.1(pp)(xii). “Last Annual Financial Statements” means the Corporation’s unaudited financial statements for the fiscal years ended on December 31, 2024 and December 31, 2023 (including its balance sheet and statement of income and retained earnings). “Laws” means, in respect of any Person, property, transaction or event, all applicable (i) laws, constitutions, treaties, statutes, codes, ordinances, orders, decrees, rules, regulations and by- laws, (ii) judgments, orders, writs, injunctions, decisions, awards and directives of any Governmental Entity, in each case, having the force of law, and (iii) policies, guidelines, notices and protocols of any Governmental Entity, in each case, having the force of law. “Leased Properties” means the lands and premises listed and described in Section 3.1(u) of the Disclosure Letter by reference to their municipal address and proper legal description. “Leases” means all oral and written leases, subleases, licenses of occupation and other similar agreements, and all amendments, extensions, assignments and variations thereof or any guarantee or security agreements thereof of the Leased Properties described in Section 3.1(u) of the Disclosure Letter. “Licensed IP” means all Intellectual Property used by, or held for the Corporation that is not Corporation Owned IP. “Lien” means any mortgage, charge, pledge, hypothec, security interest, assignment, lien (statutory or otherwise), easement, title retention agreement or arrangement, conditional sale, deemed or statutory trust, restrictive covenant or other encumbrance of any nature which, in substance, secures payment or performance of an obligation. “Mandatory Reporting Rules” has the meaning specified in Section 10.5(7). “Material Adverse Effect” means with respect to the Corporation or the Business, any fact, event, change, development, circumstance or effect that: (a) is, or would reasonably be expected to be, materially adverse to the financial condition, business, results of operations, assets, liabilities, or operations of either of the Corporation or the Business taken as a whole, ot...
Examples of Interim Management Accounts in a sentence
The inventory of the Corporation is good and usable and is capable of being processed and sold in the Ordinary Course, subject to a reasonable allowance for obsolete inventory consistent with the allowances reflected in the Financial Statements and the Interim Management Accounts.
The Corporation has made full and adequate provision in the Financial Statements and Interim Management Accounts for all Taxes for the periods to which such statements relate.
More Definitions of Interim Management Accounts
Interim Management Accounts means, collectively, (i) the pro-forma management accounts of the Company as of January 31, 2015 attached hereto as Annex 1.1.47 and (ii) an update of the pro-forma management accounts of the Company attached hereto as Annex 1.1.47 (to be delivered by the Sellers to the Purchaser pursuant to Section 5.3.5) as of (a) the last day of the month preceding the month in which the Closing shall occur, in case the Closing Date will fall after the 20th of a month or (b) the last day of the second month preceding the month in which the Closing shall occur, in case the Closing Date will fall between the 1st and the 20th (included) of a month.
Interim Management Accounts means the monthly management accounts (including but not limited to a balance sheet and income statement), where available, for the Company and Tradex Converting for the period from 1 January 2006 through the Completion Date;