Month End Balance Sheet definition

Month End Balance Sheet means a consolidated balance sheet of the Company for the most recent month then ended (or, if not yet available, a good faith estimate of the consolidated balance sheet of the Company for the most recent month then ended), that is prepared in accordance with GAAP applied consistently with past practices and which shall be prepared and certified by Sellers Representative.
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Month End Balance Sheet. See Section 3.1(b);
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Month End Balance Sheet means each unaudited consolidated balance sheet of the Purchased Assets and the Company and the Company's consolidated Subsidiaries, on a pro forma basis after giving effect to the Asset Transfers and other adjustments set for therein, as of last day of each calendar month beginning on November 30, 2005, prepared based on the accounts set forth in the September 30 Pro Forma Balance Sheet and delivered by Seller to Purchaser pursuant to Section 6.14.
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Examples of Month End Balance Sheet in a sentence

  • The Preceding Month End Balance Sheet shall be prepared on a basis consistent with the preparation of the Balance Sheet, including the Agreed Accounting Principles and, as specified thereby, U.S. GAAP to the extent applicable.

  • If the Working Capital of the Companies as calculated based on the Month End Balance Sheet and in accordance with Schedule 1.1(H) (the "Estimated WC Amount") is greater than the Base WC Amount, then the Purchase Price shall be increased at Closing on a dollar-for-dollar basis by the amount of such excess.

  • Within 120 days after the Option Closing Date, El Paso and AQP shall cause Oasis to prepare a balance sheet for Oasis as of the close of business on the Month End Balance Sheet Date (the "Option Closing Balance Sheet") and an income statement for Oasis for the period November 1, 1996 through and including March 31, 1997 (the "Option Closing Income Statement").

  • The Parties to the Acquisition Agreement and the Merger Agreement hereby waive all obligations to calculate the Estimated Working Capital and the Estimated True Up based on the Month End Balance Sheet pursuant to Section 2.3(a) of the Acquisition Agreement and Section 2.4(a) of the Merger Agreement.

  • The parties understand that certain assets and liabilities related to the provision by CMS of water treatment services (which assets and liabilities are not being acquired by Purchaser as expressly provided above) have been included in the financial statements of CMS and will be included in the Final Preceding Month End Balance Sheet.

  • The parties understand and agree that the mechanism of the Cash Change adjustment is intended to reimburse Sellers with respect to Sellers’ payment of Reimbursable Liabilities and Stub Period Operational Expenses to the extent Sellers pay any such amounts during the period from the date of the Preceding Month End Balance Sheet through and including the Closing Date.

  • The Option Closing Balance Sheet shall be prepared in accordance with GAAP, using the same methods and criteria employed by Oasis in connection with its preparation of the Baseline Balance Sheet, and shall present fairly the financial position of Oasis as of the close of business on the Month End Balance Sheet Date.

  • If the Working Capital of the Subject Companies as calculated based on the Month End Balance Sheet and in accordance with Section 1.10 of the Disclosure Schedule (the “Estimated Working Capital”) is greater than or less than the Base Working Capital, then the Purchase Price shall be increased or decreased, as appropriate, at Closing on a dollar-for-dollar basis by the amount of such excess or deficit (such adjustment, the “Estimated True Up”).

  • Seller shall make all of its work papers and other reasonably relevant documents in connection with the preparation of the Prior Month End Balance Sheet and the PME Statement available to Buyer and shall make the persons in charge of the preparation of the Prior Month End Balance Sheet and PME Statement available for reasonable inquiry by Buyer.

  • To the extent Sellers pay any amounts in respect of (i) Reimbursable Liabilities or (ii) Stub Period Operational Expenses, Purchaser shall, at Sellers’ request, promptly reimburse Sellers with respect thereto in accordance with the mechanics agreed upon in the Interim Services Agreement; provided that Purchaser shall not be obligated to reimburse Sellers with respect to such payments prior to the final determination of the Final Preceding Month End Balance Sheet and the Cash Change Schedule.


More Definitions of Month End Balance Sheet

Month End Balance Sheet has the meaning set forth in Section 4.12.
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Related to Month End Balance Sheet

  • 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;

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

  • SpinCo Balance Sheet means the pro forma combined balance sheet of the SpinCo Business, including any notes and subledgers thereto, as of September 30, 2021, as presented in the Information Statement made available to the Record Holders.

  • Interim Balance Sheet as defined in Section 3.4.

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

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

  • 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.

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

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

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

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

  • Most Recent Fiscal Month End has the meaning set forth in Section 4(g) below.

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

  • Unaudited Interim Balance Sheet shall have the meaning specified in Section 2.4(a)(iii) of the Agreement.

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

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

  • Reference Balance Sheet Date is defined in Section 3.5.

  • Company Balance Sheet Date means December 31, 2016.

  • 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:

  • Most Recent Balance Sheet Date has the meaning set forth in Section 4.4.

  • Off-Balance Sheet Obligation means, with respect to any Person, any Obligation of such Person under a synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing classified as an operating lease in accordance with GAAP, if such Obligations would give rise to a claim against such Person in a proceeding referred to in Section 6.01(h).

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Balance Sheets has the meaning set forth in Section 4.5(a).

  • Reference Balance Sheet shall have the meaning set forth in Section 3.06(a).

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).

  • Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).