Subject Balance Sheet definition

Subject Balance Sheet has the meaning set forth in Section 2.8.
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Examples of Subject Balance Sheet in a sentence

  • APs (Indian Agents) must have an ongoing employee training programme so that the members of the staff are adequately trained to be aware of the policies and procedures relating to prevention of money laundering, provisions of the PMLA and the need to monitor all transactions to ensure that no suspicious activity is being undertaken under the guise of remittances.

  • Accounting Principles ¶ 1.requirements of [ASC 606].”41 Thus, the parties can, and must, ask KPMG to apply ASC 606 when determining the final purchase price adjustment.Recognizing this inevitable conclusion, the Buyer argues that the approach to ASC 606 that it seeks to have KPMG apply, which is the same approach taken by the Seller in its Estimated Balance Sheet and by the Buyer in its Subject Balance Sheet, still counts as “applying” ASC 606.

  • An application for a development consent may require an environmental impact assessment if so determined by the PUM Act.

  • Since the date of the Parent Subject Balance Sheet, Parent has not altered in any material respects its practices for the payment of its accounts payable, including the timing of such payment.

  • Buyer shall have ninety (90) days from the date on which the Final Adjustment Statement is delivered to it to review the Final Adjustment Statement, the Subject Balance Sheet and the calculations of Closing Statutory Value and the Final Adjustment Amount based thereon (as may be tolled in accordance with this S ection 2.5(c), the “Review Period”).

  • All accounts payable of Parent on the Parent Subject Balance Sheet or arising thereafter are the result of bona fide transactions in the Ordinary Course of Business.

  • Using an equally unacceptable implementation of ASC 606 in the Subject Balance Sheet might achieve consistency, but it would result in ASC 606 being left unapplied to the Subject Balance Sheet.

  • The Accounting Principles provide that “[t]he Closing Balance Sheets [i.e., the Estimated Balance Sheet, Subject Balance Sheet, and Final Balance Sheet] .

  • TheBuyer’s interpretation of “consistently applied” would render meaningless the Agreement’s requirement that the Tangible Net Worth calculation in the Subject Balance Sheet must reflect the requirements of ASC 606.

  • As discussed above, the Agreement’s directive that the Subject Balance Sheet should be prepared in accordance with the Accounting Principles, “consistently applied,”50 does not alter or supersede the requirement in the Accounting Principles that ASC 606 must be correctly applied.

Related to Subject Balance Sheet

  • Latest Balance Sheet has the meaning set forth in Section 3.4(a).

  • Current Balance Sheet shall have the meaning set forth in Section 2.7.

  • Company Balance Sheet means the consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2016 and the footnotes thereto set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2016.

  • Parent Balance Sheet shall have the meaning assigned to such term in Section 5.13 hereof.

  • relevant balance sheet means the latest published audited consolidated balance sheet of the Group, but where the Company has no subsidiaries it means the balance sheet and profit and loss account of the Company and, where the Company has subsidiaries but there are no consolidated accounts of the Group, it means the respective balance sheets and profit and loss accounts of the companies comprising the Group;

  • Recent Balance Sheet has the meaning set forth in Section 3.5(a).

  • Most Recent Balance Sheet means the balance sheet contained within the Most Recent Financial Statements.

  • Interim Balance Sheet as defined in Section 3.4.

  • SpinCo Balance Sheet means the pro forma combined balance sheet of the SpinCo Business, including any notes and subledgers thereto, as of September 30, 2021, as presented in the Information Statement made available to the Record Holders.

  • Audited Balance Sheet means the audited balance sheet of the company prepared for the purposes of the Companies Acts for a financial year unless an audited consolidated balance sheet dealing with the state of affairs of the company and its subsidiary undertakings required to be dealt with in group accounts has been prepared for those purposes for the same financial year, in which case it means that audited consolidated balance sheet, and in that case all references to reserves shall be deemed to be references to consolidated reserves;

  • Final Balance Sheet has the meaning set forth in Section 2.4.

  • Current Balance Sheet Date means December 31, 1997.

  • Pro Forma Balance Sheet as defined in Section 4.1(a).

  • Latest Balance Sheet Date has the meaning set forth in Section 3.10.

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Unaudited Balance Sheet has the meaning set forth in Section 3.4(a)(ii).

  • Most Recent Balance Sheet Date has the meaning set forth in Section 4.4.

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Off-Balance Sheet Arrangement means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Borrower is a party, under which the Borrower has:

  • Balance Sheet has the meaning set forth in Section 3.06.

  • Off-Balance Sheet Liability of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person, or (c) any indebtedness, liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person (other than operating leases).

  • Parent Balance Sheet Date shall have the meaning assigned to it in Section 5.13 hereof.

  • Balance Sheets has the meaning set forth in Section 4.5(a).

  • Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a).

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.