Prime Financial Statements definition
Examples of Prime Financial Statements in a sentence
The Prime Financial Statements do not, as of the dates thereof, include any material asset or omit any material liability, absolute or contingent, or other fact, the inclusion or omission of which renders the Prime Financial Statements, in light of the circumstances under which they were made, misleading in any respect.
Such Prime Financial Statements and supporting schedules were prepared: (A) in accordance with Regulation S-X promulgated by the SEC; and (B) except as otherwise noted in the Prime SEC Reports, in conformity with generally accepted accounting principles ("GAAP") applied on a consistent basis.
The statements of operations included in the Prime Financial Statements or the Prime Quarterly Statements do not include any item of special or non-recurring revenue, except as specifically identified therein.
Except as disclosed in the Prime Financial Statements and except for unpaid base compensation accrued in the ordinary course of business consistent with past practice since September 30, 1997, there are no material sums due to any employees of Prime, the General Partner or AMI.
AAC is not subject to and there is no basis for assertion against AAC or the GP Interest of, any claim, liability, commitment or obligation of any nature, whether absolute, accrued, contingent or otherwise, and whether due or to become due other than obligations of Prime which are attributable to the GP Interest and which are disclosed in the Prime Financial Statements or on Schedule 3.8 of the Acquisition Agreement.
Except as set forth on Schedule 3.8 and except for the Limited Partnership Interest, Prime ----------- has no assets of any nature whatsoever, and Prime has no liabilities (whether accrued, contingent or otherwise), of any nature whatsoever, except as specifically set forth in the Prime Financial Statements and specifically designated therein as a liability of Prime and not of AMI.
The Prime Financial Statements and the Nugale Financial Statements (i) contain and reflect all necessary adjustments and accruals for a fair presentation of the financial condition of Prime and Nugale as of their dates including for all warranty, maintenance, service and indemnification obligations, and (ii) contain and reflect adequate provisions for all liabilities for all material Taxes applicable to Prime and Nugale with respect to the periods then ended.
Copies of the Prime Financial Statements and the Nugale Financial Statements are set forth in Disclosure Schedule 3.8(2).
No circumstances existed on the relevant balance sheet dates of the Prime Financial Statements or the Prime Quarterly Statements which render any items in the Prime Financial Statements or the Prime Quarterly Statements incorrect or incomplete in any material respect.
None of Prime or Nugale has any liability for Taxes, other than those provided for in the Nugale Financial Statements or the Prime Financial Statements (as applicable), and those arising in the Ordinary Course of Business since the date of such financial statements.