Most Recent Financials definition

Most Recent Financials has the meaning set forth in Section 4.04.

Most Recent Financials has the meaning set forth in Section 3.05(a)(i).

Most Recent Financials. Balance Sheet” Section 2.7 “Most Recent Financials Balance Sheet Date” Section 2.7 “Multiemployer Plan” Section 2.17(a) “Net EBITDA” Section 1.9.2(b)(ix)

Examples of Most Recent Financials in a sentence

• All items which are required by GAAP to be reflected as accounts and notes receivable on the Most Recent Financials and the Interim Financials and on the books and records of the Company are so reflected.

• The Most Recent Financials and the Interim Financials reflect reserves which are adequate, in accordance with GAAP, for all returns.

• The Most Recent Financials have been prepared in accordance with GAAP (except for the omission of disclosure notes and year-end adjustments) and the Company and its Subsidiaries’ past principles, practices and procedures for preparing financial statements for interim periods.

• Since the Most Recent Financials Date, the physical properties owned or leased by the Company have not suffered any material destruction or damage, regardless of whether or not any such loss was insured against.

• The Company and its Subsidiaries have good and valid title to, or, in the case of leased properties and assets, valid leasehold interests in, all of their properties and assets, real and personal, used or held for use in their businesses located on their premises or shown on the consolidated balance sheet of the Company and its Subsidiaries as of the date of the Most Recent Financials or acquired thereafter, free and clear of any Liens other than Permitted Liens.

• The Company’s Most Recent Financials reflect an adequate reserve (in accordance with GAAP) for all material Taxes payable by the Company and its Subsidiaries through the date of such financial statements.

• Documentary evidence may be received in the form of copies or excerptsrule in order to permit the admission of certain types of evidence in administrative hearings that may or may not be admissible under the Rules of Evidence.

• The Audited Financials and the Most Recent Financials have been prepared on the basis of information derived in good faith from the Books and Records, which are maintained in the ordinary course of business.

• To the knowledge of the Shareholders and except as set forth on Schedules 3.9(a) and (b) respectively, the Financials and the Most Recent Financials have been prepared in accordance with GAAP consistently applied, subject to normal year-end adjustments.

• All Inventory has been valued at cost, and all unmarketable, returned, rejected, damaged, slow moving or obsolete Inventory has been written off or written down to net realizable value in the appropriate Company’s books and records and in the Most Recent Financials Balance Sheet and Most Recent Financials.

More Definitions of Most Recent Financials

Most Recent Financials is defined in Section 4.6.1.

Most Recent Financials shall have the meaning given to such term in Section 1.2.

Most Recent Financials has the meaning set forth in Section 2.6.1(b). “Net Working Capital Deficit” means the amount, if any, by which the Closing Net Working Capital is less than the Net Working Capital Target. “Net Working Capital Surplus” means the amount, if any, by which the Closing Net Working Capital is greater than the Net Working Capital Target.

Most Recent Financials shall have the meaning set forth in Section 2.6.