Examples of Most Recent Balance Sheet in a sentence
Since the Most Recent Balance Sheet Date, Seller has conducted the Business in all material respects in the ordinary course of business consistent with past practice.
Schedule 3.4 also includes a complete and accurate list of all Accounts Receivable of Sellers as of the Most Recent Balance Sheet Date, which list sets forth the aging of such Accounts Receivable, all amounts outstanding to Sellers from any current or former students, all scheduled payment dates and all past due amounts, together with Sellers’ bad debt reserve related thereto.
Each Seller’s Eligible Inventory is in good and merchantable condition, is usable or salable in the ordinary course of business and no such Eligible Inventory is damaged or defective, subject only to the reserve for inventory writedown set forth on the face of the Most Recent Balance Sheet.
Section 3.16(a)(ii) of the Disclosure Schedule sets forth (1) all bonuses earned by any Company Employee through the Closing Date that are expected to be accrued but unpaid as of the Closing Date and (2) the amounts of accrued vacation or paid time off, accrued sick time, and the amount of such liabilities as of the Most Recent Balance Sheet Date.
Sellers do not have any Liability, except for Liabilities set forth on the Financial Statements or those incurred in the Ordinary Course of Business since the Most Recent Balance Sheet Date.