Most Recent Month End definition
Examples of Most Recent Month End in a sentence
Since the Most Recent Month End, there has not been any material adverse change in the business, financial condition, operations, results of operations, or future prospects of the Acquired Assets of the Seller.
All notes and accounts receivable of the Seller are reflected properly on its books and records, are valid receivables, and to Seller's Knowledge are subject to no setoffs or counterclaims and are current and collectible, subject only to the reserve for bad debts set forth on the face of the most recent balance sheet (rather than in any notes thereto) as of the Most Recent Month End as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Seller.
The Audited Financial Statements shall be consistent in all respects with the Most Recent Financial Statements and Most Recent Month End Statement, as defined in Section 5.4 herein.
The term “MostRecentMonthEndBalanceSheet” means the balance sheet of the Company prepared by the Company as of the Most Recent Month End.
Except as set forth on Schedule 5.7 and except to the extent reflected and adequately reserved against in the Financial Statements (or, with respect to the period from the Most Recent Month End to the Closing Date, other than in the Ordinary Course of Business) Fabrica had no material liability or obligation whatsoever, whether accrued, absolute, contingent or otherwise.