Examples of Latest Parent Balance Sheet in a sentence
Parent or a Subsidiary of Parent has good title to all of the tangible personal property reflected as being owned by them on the Latest Parent Balance Sheet, in each case, free and clear of Liens (other than Permitted Liens), except for any such assets which have been sold or otherwise disposed of since the date of the Latest Parent Balance Sheet or where the failure to have such good title has not had and would not reasonably be expected to have a Parent Material Adverse Effect.
Without limiting the generality of the foregoing, except as set forth on Schedule 4.9, none of Parent or any of its Subsidiaries has taken any action that would have constituted a violation of Section 5.3(b) of this Agreement if Section 5.3(b) had been in effect at all times since the date of the Latest Parent Balance Sheet.
Except as indicated therein, all assets that are reflected on the Parent Statutory Financial Statements comply in all material respects with all applicable insurance Laws regulating the investments of the Parent Insurance Subsidiaries, as applicable, and each Parent Insurance Subsidiary maintains, as of the date of the Latest Parent Balance Sheet, admitted assets in an amount at least equal to the minimum capital and surplus required by applicable insurance Laws.
Without limiting the generality of the foregoing, except as set forth on Schedule 4.9, none of Parent or any of its Subsidiaries has taken any action that would have constituted a violation of Section 5.3(b) of the Xxxxx 0 Xxxxxxxx Xxxxxxxxx if said Section 5.3(b) had been in effect at all times since the date of the Latest Parent Balance Sheet.
This proposed subsection appears to permit a creditor to insist that the consumer include a copy of his or her consumer report with any dispute.
To the extent payment of any Taxes that have accrued is not yet due, the amount of such accrued Taxes is properly and fully reflected or otherwise taken into account in adequate reserves in the Parent Financial Statements or, in the case of periods since the Latest Parent Balance Sheet, on the Parent’s or the Subsidiaries’ books and records.
Parent has no unrecoverable reinsurance balances which would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect with respect to Parent, other than as fully reserved on the Latest Parent Balance Sheet.
The values at which inventories are shown on the Latest Parent Balance Sheet have been determined in accordance with the normal valuation policy of Parent, consistently applied and in accordance with generally accepted accounting principles.
Since the Latest Parent Balance Sheet Date, there has not been any Material Adverse Change.
Since the date of the Latest Parent Balance Sheet, there has not been any action taken by Parent or any other Parent Group Company that, if taken during the period from the date of this Agreement through the Closing Date without the Company’s consent, would constitute a breach of Section 6.1.