LBC Accounts definition
LBC Accounts means the financial statements (whether audited or unaudited) and management accounts relating to LBC included in reports filed by LBC with the SEC prior to the Completion Date.
Examples of LBC Accounts in a sentence
LBC has no liability for any unpaid Taxes which have not been accrued for or reserved on LBC’s balance sheets included in the LBC Accounts, whether asserted or unasserted, contingent or otherwise, other than any liability for unpaid Taxes that may have accrued since the end of the most recent fiscal year in connection with the operation of the business of LBC in the ordinary course of business.
The LBC Accounts Payable relate exclusively to the LBC Business, were properly incurred by the LBC Business in the ordinary course of business and, so far as LBC is aware, are not subject to any dispute.