Examples of November Balance Sheet in a sentence
Except to the extent reflected on Schedule 3.7 or as disclosed by the Seller to the Purchaser in a writing accompanying the A/R Aging Reports, such accounts, notes and other receivables are collectible in the amounts shown on Schedule 3.7, and shall be collectible in the amounts shown on the A/R Aging Reports, net of reserves reflected in the November Balance Sheet and as of the date of the A/R Aging Reports, respectively.
Seller has no material liabilities of any kind, character or description, whether accrued, absolute, secured or unsecured, contingent or otherwise that are not reflected on the November Balance Sheet or otherwise reflected in the Seller Financial Statements at the Balance Sheet Date, including all loan agreements, indemnity or guaranty agreements, bonds, mortgages, Liens, pledges or other security agreements.
To the Knowledge of Seller, the provisions for Taxes due by the Target Companies (as opposed to any reserve for deferred Taxes established to reflect timing differences between book and Tax income) in the November Balance Sheet are sufficient for all unpaid Taxes, whether or not disputed, of the Target Companies as of November 30, 2011.
Except as set forth in Schedule 2.6, neither the Company nor any of its Subsidiaries has any liabilities or obligations, contingent or otherwise, which are not reflected on the November Balance Sheet that would result in a Material Adverse Effect.
The Company and its Subsidiaries have made adequate provision in the November Financial Statements, in conformity with GAAP, for the payment of all accrued Taxes not yet payable as of the November Balance Sheet Date and will make adequate provision for such in the Closing Balance Sheet.