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).
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 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.
On or before July 14, 1995, BSI shall deliver to Purchaser the June Balance Sheet prepared in a manner consistent with the May Balance Sheet.
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 June Balance Sheet represents BSI's best efforts to identify the assets, liabilities and capital of the Subsidiary as of the date of Closing in a manner consistent with the May Balance Sheet.
A true and complete copy of the May Balance Sheet is attached hereto as Schedule 4.17(a).
The term "May Balance Sheet" means the unaudited proforma balance sheet setting forth the assets and liabilities, as of May 31, 1995, of that portion of the CFI Business to be transferred by BSI to Subsidiary, as jointly developed by the parties, a copy of which is attached hereto as Exhibit 1.13.
Except as set forth on Schedule 4.20, all Inventory reflected in the May Balance Sheet which is obsolete, defective or below standard quality has been reserved, written off or written down to net realizable value.