Management Financial Statements definition

Management Financial Statements has the meaning set forth in Section 3.5(a).

Management Financial Statements means the unaudited consolidated balance sheets and the profit and loss statements of the Group for the financial period beginning on 1 January 2015 and ending on 31 December 2015.

Management Financial Statements means the financial statements as of March 31, 2023,provided during the financial due diligence process carried out by the Buyer.

Examples of Management Financial Statements in a sentence

• Sections 4.01 (Project Execution Generally), and 4.09 (Financial Management; Financial Statements; Audits) are deleted in their entirety, and the remaining Sections in Article IV are renumbered accordingly.

• Sections 5.01 (Project Execution Generally), and 5.09 (Financial Management; Financial Statements; Audits) are deleted in their entirety, and the remaining Sections in Article V are renumbered accordingly.

• Sections 2.01 (Project Execution Generally) and 2.07 (Financial Management; Financial Statements; Audits) are deleted in their entirety, and the remaining Sections in Article II are renumbered accordingly.

• Section 5.07 (Plans; Documents; Records), Section 5.09 (Financial Management, Financial Statements, Audits), Section 5.13 (Procurement) and Section 5.14 (Anti- Corruption) are, respectively, deleted in their entirety, and the remaining sections in Article V are renumbered accordingly.

• Sections 2.01 (Project Execution Generally), and 2.07 (Financial Management; Financial Statements; Audits) are deleted in their entirety, and the remaining Sections in Article II are renumbered accordingly.

• The Audited Financial Statements, Unaudited Financial Statements and the June 30 HFM Management Financial Statements are derived from the books and records of the Seller and its Affiliates.

• Sections 5.01 (Project Execution Generally), 5.02 (Performance under the Loan Agreement and Project Agreement), 5.03 (Provision of Funds and other Resources), 5.04 (Insurance), 5.05 (Land Acquisition), 5.06 (Use of Goods, Works and Services; Maintenance of Facilities), 5.07 (Plans; Documents; Records), 5.09 (Financial Management; Financial Statements; Audits) and Paragraph (b) of Section 5.11 (Visits) are not applicable to this Agreement.

• The Interim Management Financial Statements present fairly, in all material respects, the financial position of the Company as of the date of such statements and its results of operations and cash flows for the period covered thereby.

• The amount of each Acquired Company’s liability for unpaid Taxes for all Tax periods (or portions of Tax periods) ended on or before the date of the Interim Management Financial Statements does not, in the aggregate, exceed the amount of accruals for Taxes (excluding reserves for deferred Taxes) reflected on the Interim Management Financial Statements.

• Excluding inventory sold by each Acquired Company in the ordinary course, the assets disposed of by the Acquired Companies since the date of the Interim Management Financial Statements are not material, individually or in the aggregate, in quantity or value.