Examples of Latest Balance Sheets in a sentence
The value of the inventories reflected in the Latest Balance Sheets are stated in accordance with GAAP applied on a consistent basis.
All inventories reflected in the Latest Balance Sheets or included in the assets of the Company are of good and merchantable quality and are salable in the ordinary course of business (in the case of inventory held for sale) or currently usable (in the case of other inventory).
Holdings will timely file complete and correct United States federal and applicable foreign, state and local tax returns required by law and pay when due all taxes, assessments and governmental charges and levies upon it or its income, profits or Property, except those which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside on Holdings Latest Balance Sheets.
The Companies have good and marketable title to their respective accounts receivable reflected on the Latest Balance Sheets and to each of the accounts receivable that arose after the Latest Balance Sheet Date, free and clear of all Liens, except for Liens set forth on Schedule 3.7 hereto.
All contingent liabilities of the Companies at the Balance Sheet Date are noted in the Balance Sheets to the extent required by GAAP and the Companies have not incurred any other such contingent liabilities subsequent to the Balance Sheet Date except as noted in the Latest Balance Sheets or except as disclosed on Schedule 3.4 hereto.