Examples of July 31 Balance Sheet in a sentence
All tangible personal property reflected on the July 31 Balance Sheet is free and clear of all Liens, other than Liens disclosed in Section 2.16(a) of the Disclosure Schedule, and is in good working order and condition, ordinary wear and tear excepted, and its use complies in all material respects with all applicable Laws.
Company does not have any liabilities, debts or obligations not fully and properly reflected or reserved against in the July 31 Balance Sheet, except liabilities and obligations incurred in the ordinary course of business since July 31, 2000, which shall be expressly disclosed in writing to Purchaser in or pursuant to this Agreement.
The inventories reflected in the July 31 Balance Sheet are based on quantities determined from physical inventories taken as of July 31, 2000, valued at the lower of cost (determined on a first-in first-out basis) or market value, and on a basis consistent with that of prior practice.
Company has good and marketable ------------------------- title to and owns all of the property reflected in the July 31 Balance Sheet and listed in detail in Schedule 4(l) attached hereto and incorporated herein by this reference, except such property as has been disposed of in the ordinary course of business since July 31, 2000, and free and clear of all claims, liens (except for taxes not yet due and payable), encumbrances and options of any nature.
Except as set forth in Schedule 5.11, neither of the Company nor any of the Retained Subsidiaries has any material indebtedness or liability, absolute or contingent, known or unknown, which is not shown or provided for on the July 31 Balance Sheet other than liabilities as shall have been incurred or accrued in the ordinary course of business since July 31, 2005.
The July 31 Balance Sheet contains adequate provision for doubtful accounts set forth on the July 31 Balance Sheet.
Except as reflected or reserved against in the July 31 Balance Sheet or in the notes thereto or as disclosed in Section 2.10 of the Disclosure Schedule, there are no Liabilities against, relating to or affecting the Company or any of its Assets and Properties, other than Liabilities (i) incurred since July 31, 2007 in the ordinary course of business consistent with past practice or (ii) which, individually or in the aggregate, are not material to the Business or Condition of the Company.
As of Closing Date, and as indicated on the July 31 Balance Sheet, the aggregate amount of the Seller Loans was HK$1,794,531, and the aggregate amount of the Company Loans was HK$1,285,555.
The Preliminary Purchase Price shall be increased (if a positive number) or decreased (if a negative number) by an amount equal to the difference between (x) the Net Working Capital reflected on the Preliminary Balance Sheet and (y) the Net Working Capital reflected on the July 31 Balance Sheet.
Attached hereto as Schedule 3.3 is the July 31 Balance Sheet and the statements of operations for the seven months then ended (collectively, the "July 31 Financial Statements"), the balance sheets of Company at December 31 in each of 1997 and 1996, and the related statements of operations and cash flows of Company for each of the years then ended (collectively, the "Annual Financial Statements").