Prior Financial Statements definition
Examples of Prior Financial Statements in a sentence
Each of the Prior Financial Statements (i) was prepared in accordance with United States generally accepted accounting principles (“GAAP”) applied on a consistent basis throughout the periods indicated and (ii) fairly presents, in all material respects, the financial position, results of operations and cash flows of the Company as at the date thereof and for the period indicated therein, except, in each case, as otherwise noted therein and subject to the absence of notes.
The Company shall have delivered, or shall have caused to be delivered, to Buyer the Prior Financial Statements and the Current Financial Statements.
No “Cream Suds Business MAE” (as defined in the Transaction Agreement) or “Joy Business MAE” (as defined in the Transaction Agreement) shall have occurred since July 1, 2017 and no Material Adverse Effect shall have occurred since the date of the Prior Financial Statements.
Since the date of the Prior Financial Statements, neither the Company nor any of the Company Subsidiaries has modified or changed in any material respect its sales practices or methods including, without limitation, such practices or methods in accordance with which the Company or any of the Company Subsidiaries sell goods, fill orders or record sales.
The Shareholders have previously delivered to the Buyer the unaudited balance sheet of each of SHRG and SAS as of December 31, 2000 and December 31, 1999 and the related statements of income, shareholders' equity, retained earnings and changes in financial condition of each of SHRG and SAS for the years then ended (collectively, the "Prior Financial Statements").