Locked Box Accounts definition
Examples of Locked Box Accounts in a sentence
All social security and insurance premiums owing from the Company in relation to the Employees and Consultants after the reference date of the Locked Box Accounts and until the Closing Date will be paid or adequately provided for or reserved against in the books and records of the Company prior to the Closing.
The Locked Box Accounts give a true, accurate and correct view (“rappresentazione veritiera e corretta”) of the assets, liabilities, financial position and net worth as well as revenues, expenses, profit and losses and in general state of affairs of the Company, as of the Locked Box Date.
The Locked Box Accounts give a true, accurate and correct view of the assets, liabilities, financial position and net worth as well as revenues, expenses, profit and losses and in general state of affairs of the Company, as of the Locked Box Date.
The Company holds valid property title to or valid right to use all fixed assets (equipment, machinery, production facilities, other assets) included in the Locked Box Accounts, or in any event purchased and still held (although completely amortized), free and clear of any Encumbrances (collectively, the “Assets”).