Examples of Mountain Financial Statements in a sentence
Since the date of the Mountain Financial Statements, there has been no change, occurrence or development in the financial condition, properties, assets, liabilities, business or results of operations or any other change, occurrence or development which has had, or would, individually or in the aggregate, reasonably be expected to have a Mountain Material Adverse Effect.
All Federal, state, county and local income, excise, property and other tax returns required to be filed by Treasure Mountain are true and correct in all material respects and have been timely filed, and all required taxes, fees or assessments have been paid or an adequate reserve therefor has been established in the Treasure Mountain Financial Statements.
All the financial statements referenced herein regarding Treasure Mountain are collectively referred to as the "Treasure Mountain Financial Statements", all of which have been delivered to Vyteris and are true, correct and complete in all material respects.
No Mountain Company has any Liabilities that are reasonably likely to have, individually or in the aggregate, a Material Adverse Effect on Mountain except (i) Liabilities which are accrued or reserved against in the consolidated balance sheets of Mountain as of November 30, 2005, included in the Mountain Financial Statements or reflected in the notes thereto.
The warrants to purchase 800,000 Xxxxxce Mountain Common Shares referred to in the Wxxxxxx Mountain Financial Statements have either xxxx xxercised.
Mountain has included in Section 5.5 of the Mountain Disclosure Memorandum copies of all Mountain Financial Statements for periods ended prior to the date hereof and will deliver to GB&T copies of all Mountain Financial Statements prepared subsequent to the date hereof.
Without limiting the foregoing, the Mountain Financial Statements reflect reasonable reserves in accordance with IFRS for contingent liabilities of Mountain.
As of the date of this Agreement, to the Knowledge of Mountain, there is no audit examination, deficiency or refund Litigation with respect to any Taxes that is reasonably likely to result in a determination that would have, individually or in the aggregate, a Material Adverse Effect on Mountain, except as reserved against in the Mountain Financial Statements delivered prior to the date of this Agreement or as disclosed in Section 5.8(a) of the Mountain Disclosure Memorandum.
Except as disclosed in Section 5.10 of the Mountain Disclosure Memorandum or as disclosed or reserved against in the Mountain Financial Statements, the Mountain Companies have good and marketable title, and to the Knowledge of Mountain, free and clear of all Liens, to all of their respective Assets indicated as owned by the respective Company as of the date of the respective Mountain Statement.
There are no Liens for Taxes upon any properties or assets of Mountain (other than Liens relating to Taxes not yet due and payable or for Taxes which are being contested in good faith through appropriate proceedings and for which adequate provisions or reserves have been recorded in the Mountain Financial Statements).