Seller Financial Statements definition

Seller Financial Statements has the meaning set forth in Section 3.5(a).

Seller Financial Statements shall have the meaning set forth in Section 5.10.

Seller Financial Statements means the unaudited balance sheets and statements of income, cash flows and changes in financial positions prepared by Seller for the Property, as of and for the two (2) calendar years next preceding the date of this Agreement and all monthly reports of income, expense and cash flow prepared by Seller for the Property, which shall be consistent with past practice, for any period beginning after the latest of such calendar years, and ending prior to Closing.

Examples of Seller Financial Statements in a sentence

• There has been no material adverse change in the operations of the Property or its prospects since the date of the most recent Seller Financial Statements.

• The accruals and reserves for Taxes reflected in the Seller Financial Statements are adequate in all material respects for the periods covered.

• Each of the Seller Financial Statements delivered or to be delivered to Buyer hereunder has or will have been prepared in accordance with the books and records of Seller and presents fairly in all material respects the financial condition, results of operations and cash flows for the Property as of and for the periods to which they relate.

• Seller and the Seller Subsidiaries have paid and discharged all Taxes shown as due on such Tax Returns, other than such Taxes that are adequately reserved as shown on the Seller Financial Statements or have arisen in the ordinary course of business since the Seller Balance Sheet Date.

• The real estate owned reflected in the Seller Financial Statements is, and will be in the case of subsequently delivered Seller Financial Statements, carried at the lower of cost or fair value, less estimated costs to sell, as required by GAAP.

More Definitions of Seller Financial Statements

Seller Financial Statements shall have the meaning set forth in Section 3(h) below.

Seller Financial Statements shall have the meaning ascribed thereto in Section 4.6 hereof.

Seller Financial Statements has the meaning set forth in Section 5.02(g)(i).

Seller Financial Statements means (i) the consolidated statements of financial condition (including related notes and schedules, if any) of Seller as of December 31, 2000 and 1999 and the consolidated statements of income, shareholders' equity and cash flows (including related notes and schedules, if any) of Seller for each of the three years ended December 31, 2000, 1999 and 1998 as filed by Seller in its Securities Documents, and (ii) the consolidated statements of financial condition of Seller (including related notes and schedules, if any) and the consolidated statements of income, shareholders' equity and cash flows (including related notes and schedules, if any) of Seller included in the Securities Documents filed by Seller with respect to the periods ended subsequent to December 31, 2000.

Seller Financial Statements means (i) the consolidated balance sheets of Seller as of March 31, 2014, and the related statements of income, changes in shareholders’ equity, and cash flows (including related notes and schedules, if any) for the period ended March 31, 2014, and for each of the three fiscal years ended December 31, 2013, as filed in amended form by Seller in Exchange Act Documents, and (ii) the consolidated balance sheets of Seller (including related notes and schedules, if any) and related statements of income, changes in shareholders’ equity, and cash flows (including related notes and schedules, if any) included in Exchange Act Documents, as amended, filed with respect to periods ended subsequent to March 31, 2014.

Seller Financial Statements has the meaning given such term in Section 5.1(e).

Seller Financial Statements has the meaning set forth in Section 4.8.