Stub Financial Statements definition

Stub Financial Statements has the meaning set forth in Section 9.9.

Stub Financial Statements. Section 2.7(b)

Stub Financial Statements shall have the meaning assigned to such term in Section 3.3.

Examples of Stub Financial Statements in a sentence

• The Audited Financial Statements, the Unaudited Stub Financial Statements and the Unaudited Annual Financial Statements present fairly the financial condition and position and operating results of the Subsidiary as of the respective dates thereof and for the periods therein indicated.

• All inventory reflected on the Annual Financial Statements and the Stub Financial Statements were produced in the ordinary course of business consistent with past practice and represents saleable goods.

• The books and records of the Subsidiary are being maintained in accordance with applicable legal and accounting requirements as necessary to permit the preparation of financial statements in accordance GAAP and to maintain asset accountability The Audited Financial Statements, the Unaudited Stub Financial Statements and the Unaudited Annual Financial Statements are collectively referred to in this Agreement as the Financial Statements.

• The Sellers and WRF agree that the cost of the preparation of the 1999 Financial Statements, 1999 Balance Sheet, the Stub Financial Statements, the Stub Balance Sheet, the LNC and LSC Financial Statements and the LNC and LSC Balance Sheets shall be borne by the Sellers, up to $40,000.

• The Audited Financial Statements, the Unaudited Stub Financial Statements and the Unaudited Annual Financial Statements reflect the consistent application of accounting principles throughout the periods incurred.

• The Unaudited Stub Financial Statements and the Unaudited Annual Financial Statements (i) were prepared in accordance with the books and records of the Subsidiary; and (ii) were prepared in accordance with GAAP consistently applied other than required footnote disclosures and the required statements of cash flows and certain year end accruals and reserves.

• The reserves and doubtful accounts reflected in the Stub Financial Statements are adequate, appropriate and reasonable.

• The Unaudited Stub Financial Statements and the Unaudited Annual Financial Statements are collectively referred to in this Agreement as the Financial Statements.

• The Company will, and will cause its auditors to, (a) continue to provide Parent and its advisors full access to all of the Company’s financial information used in the preparation of its Annual Financial Statements and Stub Financial Statements and the financial information furnished pursuant to Section 5.18 hereof and (b) cooperate fully with any reviews performed by Parent or its advisors of any such financial statements or information.

• The Ag Business Audited Financial Statements, the Ag Business Unaudited Interim Financial Statements and the Ag Business Stub Financial Statements shall be accompanied by a certificate in the form attached hereto as Exhibit J, signed by a duly authorized officer of Descartes (the “Descartes Financial Statements Certificate”).

More Definitions of Stub Financial Statements

Stub Financial Statements has the meaning set forth in Section 5.08.

Stub Financial Statements has the meaning set forth in Section 3.06.