Projected Balance Sheet definition
Examples of Projected Balance Sheet in a sentence
Attached as Exhibit B ---------------------------- is the projected combined balance sheet of the Acquired Companies at December 31, 1996 (the "Projected Balance Sheet").
Seller has good and valid title to all of its tangible and intangible assets and properties reflected as owned on the Current Balance Sheet (as hereinafter defined) and the Projected Balance Sheet (the "Assets"), and, except as noted in Section 3.4 of the Seller Disclosure Schedule, all of the Assets are free and clear of all liens, charges, encumbrances, restrictions, security interests and rights and interests in others (collectively, "Liens").
Except as and to the extent specifically reflected or reserved against in the Projected Balance Sheet, the Company has no debts, liabilities or obligations of any nature, whether accrued, absolute, contingent, known, unknown or otherwise.
On September 30, 1998, Shareholders shall deliver to Jone▇ ▇▇▇ Newco an estimated September 30, 1998 balance sheet of the Company, and Shareholders together with Jone▇ ▇▇▇ll discuss in good faith any adjustments which Jone▇ ▇▇▇sonably believes should be made to such projected balance sheet, which as finally agreed to between Jone▇ ▇▇▇ Shareholders, is referred to as the "Projected Balance Sheet".
All accounts and notes receivable of Virtual reflected on the EXECUTION COPY -------------- Unaudited Balance Sheet and the Projected Balance Sheet are valid receivables of Virtual subject to no setoffs or counterclaims and are current and collectible within 45 days after the invoice date.
The parties acknowledge that the Projected Balance Sheet is attached to this Agreement only for purposes of calculating the purchase price adjustment in accordance with this Section 1.7, and except for such adjustment, neither party shall have any liability to the other party for any variation between the Projected Balance Sheet nd the Closing Date Balance Sheet.
At least 3 Business Days prior to the Closing Date, Seller shall deliver to Buyer a projected balance sheet (“Projected Balance Sheet”) for the Seller as at the Closing and prepared in accordance with Canadian generally accepted accounting principles applied on a basis consistent with past periods together with a calculation of the Closing Net Working Capital using the appropriate data in the Projected Balance Sheet.
The assets of PEI other than the PriceSmart Assets, including without limitation (i) assets relating to the Retained Business, determined on a basis consistent with the determination of assets included on the PEI Projected Balance Sheet, (ii) all of the assets expressly allocated to PEI under this Agreement or the Related Agreements, including those set forth on Schedule 1.01(c), and (iii) any other assets of PEI and its Affiliates relating to the Retained Business.
Buyer shall have the right at any time thereafter and on or prior to the day which is 60 days after the Closing Date to confer with the Seller and its auditor on the data set out in the Projected Balance Sheet and the said calculation of the Closing Net Working Capital.
The draft Final Balance Sheet shall be prepared in accordance with generally accepted accounting principles, consistently applied, followed in the preparation of the Projected Balance Sheet.