Examples of Stub Period Balance Sheet in a sentence
Except as disclosed on Schedule 6.9, since the Stub Period Balance Sheet Date, there has been no material adverse change in the condition, financial or otherwise, net worth or results of operations of Vastera and its Subsidiaries, other than changes occurring in the ordinary course of business which changes have not, individually or in the aggregate, had a material adverse effect on the business, prospects, properties or condition, financial or otherwise, of Vastera.
All fees and charges required to be paid by the Corporation pursuant to the USFS Permit have been properly computed and fully paid, and no such fees or charges have been deferred or are now due and owing, except as accrued in the Stub Period Balance Sheet.
Company shall not enter into capital ---------------------------- leases that would cause the aggregate obligations payable by Company under capital leases to exceed the amount set forth on the Stub Period Balance Sheet without the prior consent of Acquirer.
All notes and accounts receivable of the Company are reflected properly on their books and records, are valid receivables subject to no setoffs or counterclaims, are current and collectible, and will be collected in accordance with their terms at their recorded amounts, subject only to the reserve for bad debts set forth on the face of the Stub Period Balance Sheet, as adjusted to reflect operations thereafter in accordance with past practice.
The Company Group owns good, valid and marketable title (or, in the case of leased or licensed property and assets, has the right to use pursuant to a valid and enforceable leasehold interest or valid license), free and clear of all Liens, to all of the personal, tangible and intangible property and assets shown on the Stub Period Balance Sheet or that are material to the Company Group’s business as conducted as of the date of this Agreement.
The accounts receivable reflected on the Stub Period Balance Sheet, and the accounts receivable created after the Stub Period Date, are valid and genuine and arose from bona fide transactions in the ordinary course of the Corporation's business.
All Taxes owed by Acquirer (whether or not shown on any Tax Return) based on operations through the Stub Period End have been paid or accrued on the Stub Period Balance Sheet.
Within 45 calendar days after the Closing, Seller shall deliver to Buyer a statement (the "Closing Balance Sheet") certified by Seller's Chief Financial Officer that the Closing Balance Sheet has been prepared in accordance with generally accepted accounting principles, consistently applied ("GAAP") and consistent with Seller's Stub Period Balance Sheet.
SCHEDULE 4.3 to this Agreement contains a true and complete schedule of all debts and known liabilities of the Corporation recorded in the Stub Period Balance Sheet in excess of $25,000.
Each of the Shareholders severally (and not jointly) represent and warrant to Buyer that the Stub Period Balance Sheet will be prepared in accordance with Canadian GAAP, consistent with the past practice of the Company and will fairly present in all material respects the assets, liabilities and financial position of the Company on a consolidated basis.