June 30 Statements definition
Examples of June 30 Statements in a sentence
The June 30 Statements present the results of operations of the Division and the CEV business for the six month period ended such date in accordance with Seller's Accounting Principles.
Upon the delivery of the Audited June 30 Statements by Sellers to Buyers, the Audited Statements and the Disclosure Schedule, Section 5.11 shall be deemed to include the Audited June 30 Statements, and the Financial Statements and the Disclosure Schedule, Section 5.11 shall be deemed to exclude the unaudited, consolidated balance sheet of Sellers as of June 30, 2003, and the related unaudited statement of operations and cash flows for the year then ended.
Prior to the date hereof, Ameris has delivered to CCS its audited consolidated financial statements for the year ended February 28, 1998 ("Audited Statements") and its unaudited consolidated financial statements for the four months ended June 30, 1998 (the "June 30 Statements" and, together with the Audited Statements, the "Financial Statements").
All accounts receivable of the Company arose from bona fide transactions in the Ordinary Course of the Business and are valid, enforceable and to the Knowledge of the Sellers fully collectable accounts (subject to a reasonable allowance, consistent with past practice for doubtful accounts as reflected in the June 30 Statements, and subject to the disclosure made in §4.1(q) of the Disclosure Schedule).
If the Vendor and the Purchaser cannot agree on the June 30 Statements, the Vendor and the Purchaser shall negotiate in good faith to settle the issue and failing resolution by such good faith efforts, it shall be settled by a single arbitrator, who shall be a Chartered Accountant, pursuant to the Commercial Arbitration Act of British Columbia.
Except for distributions to shareholders up to September 30, 2007 as reflected in the September 30 Statements and except for the Permitted Distribution (as to both of which the Buyer hereby waives any objection), the financial condition of the Company is now approximately the same as the financial condition reflected in the Financial Statements for the Most Recent Fiscal Year End and as reflected in the June 30 Statements, when such financial condition is taken as a whole.
If the Vendors and the Purchaser cannot agree on the appointment of a Chartered Accountant and/or on the June 30 Statements, the Vendors and the Purchaser shall negotiate in good faith to settle the issue and failing resolution by such good faith efforts, it shall be settled by a single arbitrator, who shall be a Chartered Accountant, pursuant to the Commercial Arbitration Act of British Columbia.
The June 30 Statements shall include by way of separate note a statement of the trade accounts receivable (the "Closing Receivables") of the Company as at June 30, 1999.
The current inventory of consumables of the Company, subject to a reasonable allowance for obsolete inventory consistent with the allowance reflected in the June 30 Statements, is good and usable and is capable of being sold in the Ordinary Course of Business.
The June 30 Statements shall include by way of separate note a statement of the Deficit and a statement of the trade accounts receivable (the "Closing Receivables") of the Company as at June 30, 1999.