Management Balance Sheet definition

Management Balance Sheet the meaning set forth in Section 3.5.
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Management Balance Sheet means the management reports of the Business as of March 31, 2006, a copy of which is attached hereto as Exhibit N.
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Management Balance Sheet has the meaning set forth in Section 6.9.
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Examples of Management Balance Sheet in a sentence

  • All items included in the Inventory consist of a quality and quantity usable and, with respect to finished goods, saleable, in the Ordinary Course of Business except for obsolete items and items of below-standard quality, all of which are reflected in accordance with GAAP in the reserve in the Management Balance Sheet or on the accounting records of the Division as of the Closing Date, as the case may be.

  • The Closing Working Capital shall be prepared in accordance with GAAP, taking into account the exceptions to GAAP described in the notes to the Management Balance Sheet and Seller's Closing Date obligations under ARTICLE VI, and shall exclude the reserve established by the Division for the EdF Claim.

  • All accounts receivable shown on Schedule 2.8 and/or the Management Balance Sheet (net of reserves indicated on the Management Balance Sheet) or thereafter acquired until the Closing (net of reserves accrued in the Ordinary Course of Business) will be collectible within 120 days of the date recorded (subject to the Purchaser's using reasonable efforts after Closing to collect the same).

  • All Seller's accounts receivable which have arisen in connection with the Business and which are reflected in the Management Balance Sheet, and all such receivables which will have arisen since the Balance Sheet Date, shall have arisen only from bona fide transactions in the Ordinary Course of Business.

  • The Arbitration Firm shall base its determination on GAAP, taking into account the exceptions to GAAP described in the footnotes to the Management Balance Sheet and excluding the reserve established by the Division for the EdF Claim.

  • The Management Balance Sheet fairly presents, in all material respects, the financial position of Parent as of September 30, 2022 and has been prepared in accordance with the books and records of Parent, in all material respects, and Parent management’s reporting obligations in the ordinary course.

  • Except as otherwise described in the notes or in the adjustments to the Management Balance Sheet, the Management Balance Sheet and the Financial Statements were prepared by the Division from the books and records of the Business in accordance with GAAP, and fairly present in all material respects the financial condition and results of operations of the Division as of and for the periods ending on the respective dates thereof.

  • The quantities of each item of Inventory (whether raw materials, work-in-process or finished goods) are not excessive but are reasonable in the present circumstances of the Division, except for such amounts as are reflected in the reserve in the Management Balance Sheet.

  • The valuation of the Inventory shall be determined in accordance with the historical policies and practices used by the Business in the valuation of the Inventory and reflected in the Management Balance Sheet.

  • At the date of the Sierra Medical Management Balance Sheet and as of the Closing Date, Sierra Medical Management will have no liabilities or obligations, secured or unsecured (whether accrued, absolute, contingent or otherwise) not reflected on the Sierra Medical Management Balance Sheet or the notes thereto except for liabilities incurred in the ordinary course of business since the date of said balance sheet which are usual and normal in amount.


More Definitions of Management Balance Sheet

Management Balance Sheet means the balance sheet of a Subsidiary as of the Valuation Date prepared in accordance with GAAP consistently applied in a form prepared by Golar Management on its behalf as part of such Subsidiary's annual financial statements for the accounting year 2021. "ManCo Agreement" has the meaning given to it in Recital (G). "Net Asset Value" has the meaning given to it in Clause 2.2.4. "New Bank Loan" means a senior secured loan facility of up to USD 570 mill. to be provided to the Subsidiaries (other than those party to the Continuing Lease Agreements) by the Finance Providers for the purpose of financing the purchase price for their respective Vessels on completion of the Purchase Options and refinancing the Existing Bank Loan at Completion. “New Bank Loan Agreement” means an agreement between the Finance Providers of the Subsidiaries not party to the Continuing Lease Agreements, such Subsidiaries and the Company which will be concluded based on the Term Sheet. "NFE" means New Fortress Energy Inc. “Permitted Encumbrance” means: (a) any Encumbrance in respect of Terminating Lease Agreement and the Existing Bank Loan before Completion; (b) any Encumbrance in respect of the New Bank Loan and the Continuing Lease Agreements;
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Related to Management Balance Sheet

  • Parent Balance Sheet means the consolidated balance sheet of Parent as of March 31, 2016 and the footnotes thereto set forth in Parent’s quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2016.

  • Current Balance Sheet shall have the meaning set forth in Section 2.7.

  • Recent Balance Sheet has the meaning set forth in Section 3.5(a).

  • relevant balance sheet means the latest published audited consolidated balance sheet of the Group, but where the Company has no subsidiaries it means the balance sheet and profit and loss account of the Company and, where the Company has subsidiaries but there are no consolidated accounts of the Group, it means the respective balance sheets and profit and loss accounts of the companies comprising the Group;

  • Most Recent Balance Sheet means the balance sheet contained within the Most Recent Financial Statements.

  • Latest Balance Sheet has the meaning set forth in Section 3.4(a).

  • Current Balance in relation to a Loan at any relevant date, means the aggregate principal balance of the Loan at such date (but avoiding double counting) including the following:

  • Current Balance Sheet Date means September 30, 1996.

  • Company Balance Sheet means the consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2016 and the footnotes thereto set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2016.

  • Parent Balance Sheet Date shall have the meaning assigned to it in Section 5.13 hereof.

  • Most Recent Balance Sheet Date has the meaning set forth in Section 3.6(a).

  • Interim Balance Sheet has the meaning set forth in Section 3.06.

  • SpinCo Balance Sheet means the pro forma combined balance sheet of the SpinCo Business, including any notes and subledgers thereto, as of June 30, 2018, as presented in the Information Statement made available to the Record Holders.

  • Audited Company Balance Sheet means the consolidated balance sheet (and the notes thereto) of the Company and its consolidated Subsidiaries as of December 31, 2020, set forth in the Company’s Annual Report on Form 10-K filed by the Company with the SEC for the fiscal year ended December 31, 2020.

  • Pro Forma Balance Sheet as defined in Section 4.1(a).

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Off-Balance Sheet Arrangement means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Borrower is a party, under which the Borrower has:

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Latest Balance Sheet Date has the meaning set forth in Section 3.10.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Final Balance Sheet has the meaning set forth in Section 2.4(e).

  • Reference Balance Sheet shall have the meaning assigned to it in Section 4.3.

  • Audited Balance Sheet means the audited balance sheet of the company prepared for the purposes of the Companies Acts for a financial year unless an audited consolidated balance sheet dealing with the state of affairs of the company and its subsidiary undertakings required to be dealt with in group accounts has been prepared for those purposes for the same financial year, in which case it means that audited consolidated balance sheet, and in that case all references to reserves shall be deemed to be references to consolidated reserves;

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Closing Date Balance Sheet has the meaning specified in Section 2.7.

  • Financial Contribution means a contribution from an implementing partner in the form of own risk-taking capacity that is provided on a pari passu basis with the EU guarantee or in another form that allows an efficient implementation of the InvestEU Programme while ensuring appropriate alignment of interest;