Examples of Most Recent Interim Financial Statements in a sentence
All accounts receivable reflected on the Most Recent Interim Financial Statements have been generated in the ordinary course of business and reflect a bona fide obligation for the payment of goods or services provided by CLF&P.
Except as set forth on Schedule 4.5, the Financial Statements present fairly in all material respects the financial position, results of operations and cash flows of CLF&P as of such dates and for the periods then ended (except that the Most Recent Interim Financial Statements are subject to normal year-end adjustments which shall not, in the aggregate, have a Material Adverse Effect, and lack footnotes and other presentation items).
The Indebtedness of each Acquired Company that is required by GAAP to be included as a liability on the consolidated balance sheet of the Acquired Companies as of the Most Recent Interim Financial Statements is accurately and completely reflected therein.
Purchaser shall promptly, upon request from Sellers’ Representative, reimburse Sellers for all documented out-of-pocket costs incurred by Sellers or their Affiliates in connection with the preparation of the S-X Compliant Financial Statements and the Most Recent Interim Financial Statements.
Seller shall have delivered to Buyer the S-X Compliant Financial Statements and the Most Recent Interim Financial Statements, together with a consent from MHM to the incorporation by reference of MHM’s audit reports with respect to the S-X Compliant Financial Statements into Buyer’s registration statements filed under the Securities Act.
As of the date hereof, none of the Acquired Companies has any liabilities that would be required by GAAP or SAP to be reflected on a balance sheet, other than liabilities that (A) are set forth on the balance sheet included in the Most Recent Financial Statements (including footnotes thereto), (B) have arisen after the Most Recent Interim Financial Statements in the Ordinary Course of Business, or (C) are set forth in Section 4(i) of the Seller Disclosure Letter.
All refunds, credits or other reductions of Taxes (including interest received thereon) with respect to any taxable periods (or portions thereof) ending on or before September 30, 2016 (and not for any tax period thereafter) to the extent not reflected on the Most Recent Interim Financial Statements shall be for the account of Seller, and Buyer and the Acquired Companies shall pay or cause to be paid such amounts to Seller within five (5) Business Days of the receipt or crediting thereof.
To the extent payment of any Taxes that have accrued is not yet due, the amount of such accrued Taxes is properly and fully reflected or otherwise taken into account in the Financial Statements or, in the case of periods since the end of the accounting period covered by the Most Recent Interim Financial Statements, on the Acquired Companies’ books and records.
All accounts receivable of Target reflected on the Most Recent Interim Financial Statements (other than those collected since such date) are valid receivables and are not subject to setoffs or counterclaims, except as reflected in reserves on the Most Recent Interim Financial Statements.
All accounts receivable of Target that have arisen since the date of the Most Recent Interim Financial Statements are valid receivables and to the knowledge of Target or Sellers are not subject to setoffs or counterclaims, are current and collectible, and will be collected in accordance with their terms, except as reflected in reserves for uncollectible accounts in Target’s books and records.