Examples of Latest Consolidated Balance Sheet in a sentence
XCL shall cause the Group not to incur Indebtedness which shall exceed in aggregate principal amount an amount equal to 200 percent of the amount of Shareholders' Equity of the Group as reported in XCL's Latest Consolidated Balance Sheet.
Shareholders' Equity" means the aggregate amount appearing as shareholders' equity in the applicable Latest Consolidated Balance Sheet as determined in accordance with generally accepted US accounting principles; (C) "Latest Consolidated Balance Sheet" means at any date the then latest published consolidated balance sheet of the Group prepared in accordance with generally accepted US accounting principles and which has been audited and has been reported on by XCL's auditors for the time being.