Examples of Parent Audited Financial Statements in a sentence
The audited financial statements (including the notes thereto, the "Parent Audited Financial Statements") of Parent for its most recently completed fiscal year, a copy of which has previously been delivered to the Corporation, present fairly, in all material respects, the consolidated financial position of Parent and its subsidiaries as of the date thereof and their consolidated results of operations, cash flows and stockholders' equity for the period then ended, all in conformity with GAAP.
The Parent Audited Financial Statements have been prepared from the books and records of Parent in accordance with GAAP consistently applied, and fairly present, in all material respects, the financial condition and results of operations and cash flows of Parent as of the dates thereof or the periods then ended.
The Closing will in no event occur less than 5 Business Days after the later to occur of the delivery of the Company Audited Financial Statements and the Parent Audited Financial Statements.
Since the date of the Parent Audited Financial Statements, (i) there has not been a Parent Material Adverse Effect; (ii) Parent and its Subsidiaries have conducted their respective businesses in all material respects in the ordinary course consistent with past practice and (iii) Parent and its Subsidiaries have not taken any action or omitted to take any action that, if taken or omitted to be taken after the date hereof, would constitute a violation of Section 8.1.
The Effective Date Financial Statements shall be prepared in accordance with GAAP applied on a basis consistent with that used in, and in accordance with the same accounting principles applied in, the preparation of the Parent Audited Financial Statements and shall include all such information and schedules as are required by Regulation S-X of the Securities and Exchange Commission to permit their inclusion in the securities law filings of the Buyer.