Examples of Reference Financial Statements in a sentence
All holidays herein enumerated shall be paid during the life of this Agreement, regardless of the days of the week upon which they may fall.
This Agreement, including Exhibit A, and the Due Diligence Schedules, the Interest Assignment, the Payoff Letter, the Closing Net Book Value Example, and the Reference Financial Statements constitute the entire agreement of the Parties with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, between Seller and Buyer with respect to the subject matter hereof.
All accounts receivable of the Company reflected on the Reference Financial Statements (other than those reserved for bad debts or collected since such date) constitute valid claims arising from bona fide transactions consistent with past practice and, to the Knowledge of the Seller, are collectible in accordance with their terms at their recorded amounts, net of the applicable reserve for bad debts on the Reference Financial Statements.
The Reference Financial Statements were prepared using materially accurate data derived from the books and records of the Company, in the ordinary course of business and fairly present the financial condition of the Company as of its date and the results of its operations for the periods indicated, on a basis consistent with prior periods.
All inventory of the Company, whether or not reflected on the Reference Financial Statements, to the Seller’s Knowledge, consists of a quality and quantity usable and saleable in the Ordinary Course of Business, except for obsolete items and items of below-standard quality, all of which have been written-off or written-down in accordance with the Accounting Standards.