Purchaser Interim Financial Statements definition
Examples of Purchaser Interim Financial Statements in a sentence
The provisions made for Taxes on the balance sheet of the Purchaser included in the Purchaser Financial Statements and the Purchaser Interim Financial Statements are sufficient in all respects for the payment of all Taxes whether disputed or not that are due or are hereafter found to have been due with respect to the conduct of the business of the Purchaser up to and through the date of such Purchaser Financial Statements or Purchaser Interim Financial Statements, respectively.
Since March 31, 2008, there has been no Material Adverse Effect with respect to Purchaser, its business, operations or financial condition including no material deterioration in the quality or market value of its assets, including those real properties, investments and other assets included in the Purchaser Interim Financial Statements.
Purchaser possesses good and marketable title to and owns, free and clear of any mortgage, pledge, lien, charge, or other encumbrance or other third party interest of any nature whatsoever which would materially interfere with the business or operations of Purchaser, its real and personal property and other assets, including without limitation those properties and assets reflected in the Purchaser Interim Financial Statements, or acquired by Purchaser subsequent to the date thereof.
The Purchaser Financial Statements have been prepared in accordance with International Financial Reporting Standards consistently applied throughout the periods to which they relate, subject, in the case of the Purchaser Interim Financial Statements, to usual year-end adjustments and the exclusion of footnotes.
The amounts set up as current liabilities for taxes in the Purchaser Interim Financial Statements are sufficient for the payment of all federal, state and local income, payroll, withholding, real estate, and other taxes of any kind whatsoever, including any interest, penalty or addition thereto, whether disputed or not ("Tax" or "Taxes") accrued in accordance with generally accepted accounting principles and unpaid at December 31, 2007.
Each of the Purchaser and its subsidiaries has made full and adequate provision in the books and records of the Purchaser or such subsidiary, as applicable, and the Purchaser Interim Financial Statements, for all Taxes which are not yet due and payable.
The Purchaser Financial Statements have been prepared in accordance with GAAP applied on a consistent basis throughout the period involved, subject, in the case of the Purchaser Interim Financial Statements, to normal and recurring year-end adjustments (the effect of which will not be materially adverse) and the absence of footnotes.
At March 31, 2008, Purchaser had no obligation or liability of any nature (whether absolute, accrued, contingent, or otherwise, and whether due or to become due) which was material, or which when combined with all similar obligations or liabilities would have been material, to Purchaser, except as disclosed in the Purchaser Interim Financial Statements.
So long as the Service Provider is in possession of any material non-public information of the Company, the Service Provider shall not, directly or indirectly engage in the purchase or sale the common stock of the Company; provided that Service Provider may sell shares under a 10b5-1 plan during such period.
All Inventory reflected on the Purchaser's most recent balance sheet in the Purchaser Interim Financial Statements delivered to Company and in the Purchaser's Books and Records (a) was purchased or acquired and is maintained in the normal and ordinary course of Purchaser's business, (b) has been reflected on such Books and Records at a value equal to the wholesale market value thereof as of the date of purchase.