Examples of Purchaser Balance Sheet in a sentence
Purchaser has no liability (and to the Knowledge of Purchaser, there is no basis for any present or future Proceeding, charge, complaint, claim or demand against any of them giving rise to any liability), except for: (i) liabilities reflected or reserved against in the Purchaser Balance Sheet; or 29 (ii) liabilities which have arisen in the Ordinary Course of Business since the date of the Purchaser Balance Sheet.
Sanctions 5.1 Please describe the nature (type and level) of all criminal, administrative, and civil sanctions that have been applied in practice to natural and legal persons for the foreign bribery offence since Phase 2.8 The summary should include, if possible, information on: (a) The grounds for determining the severity of the sentence (including the amount of the fine and/or term of the imprisonment, or for the non-imposition of a sanction).
Purchaser has no liability (and to the Knowledge of Purchaser, there is no basis for any present or future Proceeding, charge, complaint, claim or demand against any of them giving rise to any liability), except for: 28 (i) liabilities reflected or reserved against in the Purchaser Balance Sheet; or (ii) liabilities which have arisen in the Ordinary Course of Business since the date of the Purchaser Balance Sheet.
Since the Purchaser Balance Sheet Date, Purchaser has not incurred any indebtedness to any third party for borrowed money and, until the Closing, it will not (i) incur any such indebtedness, other than with respect to any advance facility that may be entered into by Purchaser, or (ii) declare any dividend or otherwise distribute or transfer any of its assets to its parent or any non-controlled Affiliate.
Purchaser has made available to Sellers a true and correct copy of its audited balance sheet as at November 16, 2007 (the “ Purchaser Balance Sheet Date”).