May Balance Sheet definition
Examples of May Balance Sheet in a sentence
The Assets to be conveyed, transferred and delivered shall include all those reflected on the May Balance Sheet with only such changes therein as shall have occurred between the Balance Sheet Date and the Closing Date in the ordinary course of business consistent with past practice.
The assets, properties, con tracts and rights of the Company and its subsidiaries include all of the assets, properties, contracts and rights that are necessary for the conduct of the Business in the manner as it is currently conducted, and are reflected in the May Balance Sheet (other than assets that have been sold or disposed of in the ordinary course of business and except that the sale or other disposition of the Designated Real Property pursuant to Section 4.1(c) may occur prior to Closing).
Special topics courses are generally interdisciplinary in nature, sometimes taught by two faculty from different disciplines.
Except as set forth on Schedule 4.20, all Inventory reflected in the May Balance Sheet which is obsolete, defective or below standard quality has been reserved, written off or written down to net realizable value.
Seller shall use its Reasonable Best Efforts to deliver to Buyer the May Balance Sheet by December 31, 2007, but in any event no later than five (5) Business Days following delivery of the May Balance Sheet to the lenders pursuant to the Seller Credit Agreement or any successor financing arrangements of Seller and its Affiliates.
The May Balance Sheet shall be prepared in accordance with GAAP, subject to the absence of footnotes, cash flow statements, income statements, changes in position and other presentation items required by GAAP, and normal year-end adjustments.
All deficiencies asserted as a result of any examinations by the IRS or any other taxing authority have been paid, fully settled or adequately provided for in the May Balance Sheet.
The Statement of Net Assets shall be prepared using the same methods and criteria employed by the Seller in connection with the preparation of the May Balance Sheet and the example set forth in Exhibit 2, to the extent such methods and criteria are consistent with GAAP.
The May Balance Sheet has been prepared in accordance with GAAP consistently applied during the periods involved, except as otherwise noted therein and except with respect to the absence of notes thereto.
Mr. Nichols presented the May Balance Sheet which shows our position has improved so we now have just over 4 months of liquid assets if we had no other revenues coming in.