Newco Financial Statements definition

Newco Financial Statements has the meaning set forth in Section 4.7(a).

Newco Financial Statements. Section 3.6(a)

Newco Financial Statements means the unaudited balance sheet of Newco as at November 13, 2012, a copy of which has been provided to Purchaser;

Examples of Newco Financial Statements in a sentence

• Upon its execution of a work paper access letter in customary form, each of Domtar and Weyerhaeuser shall be afforded reasonable access by the other party during normal business hours during the period prior to the Effective Time to all information used by such other party in the preparation of Audited Newco Financial Statements or, as applicable, the Audited Domtar Financial Statements (in the case of the Audited Newco Financial Statements, when such financial statements become available).

• If there is a conflict between GAAP, applied in a manner consistent with the Newco Financial Statements, and Exhibit F, then Exhibit F shall prevail.

• Newco has no liabilities, liquidated or contingent or otherwise, that are not fully reflected on the Newco Financial Statements, other than liabilities incurred in connection with (i) the Reorganization and (ii) Newco's ownership of a 58.8% Buffer Zone Participating Interest and operation of the Buffer Zone Joint Venture following completion of the Reorganization.

• The Newco Financial Statements (as defined in the June Investment Agreement) comply with provisions of Section 7.8 of the June Investment Agreement.

• Except as set forth in this Agreement or in the Newco Financial Statements.

• Except as set forth on the Newco Financial Statements, Newco does not have any (a) assets of any kind or (b) commitments, liabilities or obligations, whether secured or unsecured, accrued, determined, absolute or contingent, asserted or unasserted or otherwise.

• The Newco Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles.

• The Newco Financial Statements shall have been prepared from the books and records of Newco and audited/reviewed in accordance with U.S. Generally Accepted Accounting Principles under the PCAOB guidelines by independent certified public accounting firms.

• The Newco Financial Statements present fairly the financial position of Newco as of the dates and for the periods indicated.

• The Newco Financial Statements are correct and complete in all material respects and present fairly the assets and liabilities (whether accrued, absolute, contingent or otherwise) and financial condition of Newco as the date thereof.