Subsidiary Balance Sheet definition

Subsidiary Balance Sheet means the unaudited balance sheet of Subsidiary as of June 30, 2011 included in the Form 10 and attached hereto as Schedule 1.1(a).
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Subsidiary Balance Sheet and "SUBSIDIARY BALANCE SHEET DATE" are defined in Section 3.5.
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Subsidiary Balance Sheet means the audited balance sheet of Seller Subsidiary as of the Balance Sheet Date included in Schedule 5.4.
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Examples of Subsidiary Balance Sheet in a sentence

  • All Accounts Receivable of the Subsidiary (other than those which have arisen since the Subsidiary Balance Sheet Date) are accurately reflected on the Subsidiary Balance Sheet in accordance with GAAP.

  • The reserve for bad debts shown on the Interim Operating Subsidiary Balance Sheet or, with respect to accounts receivable arising after the Interim Balance Sheet Date or included in the Closing Working Capital, on the accounting records of the Operating Subsidiary have been determined in accordance with GAAP, consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes.

  • On or prior to the Closing Date Marquee will deliver to Athletes a copy of a balance sheet of Subsidiary as of a date no more than ninety (90) days prior thereto (the "Subsidiary Balance Sheet"), together with the related statement of operations, which shall present fairly as of their date the financial condition of Subsidiary and its results of operations for the period indicated.

  • All inventory reflected on the Interim Operating Subsidiary Balance Sheet, net of any reserve, and that has not been disposed of since the date of the Interim Operating Subsidiary Balance Sheet, and all inventory included in the Closing Working Capital, is usable in the ordinary course of business consistent with past practice and is of the type, nature and quantity that the Operating Subsidiary has sold or utilized within the one-year period prior to the date of this Agreement.

  • Xxxxxx Its: ____________________________ Its: President and CEO Schedule 1.1(a) Subsidiary Balance Sheet SPEECHFX, INC.

  • The inventory levels, net of reserves as reflected on the Interim Operating Subsidiary Balance Sheet, are adequate and reasonable for the conduct of the Operating Subsidiary’s operations as presently conducted.

  • On or prior to the Closing Date Marquee will deliver to SMTI a copy of a balance sheet of Subsidiary as of a date no more than ninety (90) days prior thereto (the "Subsidiary Balance Sheet"), together with the related statement of operations, which shall present fairly as of their date the financial condition of Subsidiary and its results of operations for the period indicated.

  • Except as noted in the Disclosure Letter, since the Subsidiary Balance Sheet Date, the Subsidiaries have not incurred any debt, liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due, except for those incurred in the ordinary course of the Subsidiaries' business, consistent with past practice that are not material in amount either individually or collectively.

  • The Subsidiaries have delivered to ITI- Nev as Exhibit 2.7 their audited balance sheets as of December 31, 1997, the Subsidiaries' audited income statement and cash flows for the year then ended and the Subsidiaries' unaudited balance sheet as of April 30, 1998 (the "Subsidiary Balance Sheet Date") and the Subsidiaries' unaudited income statement for the period from January 1, 1998 through April 30, 1998 (collectively, the "Subsidiary Financial Statements").

  • Each Acquired Subsidiary Balance Sheet presents fairly the financial condition, operating results and cash flows of the Acquired Subsidiary as of the dates and during the periods indicated therein, subject to normal year-end adjustments, which will not be material in amount or significance.


More Definitions of Subsidiary Balance Sheet

Subsidiary Balance Sheet means the unaudited balance sheet of Subsidiary as of _______, 2012, included in the Registration Statement and attached hereto as Schedule 1.1(a).
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Related to Subsidiary Balance Sheet

  • 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.

  • 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.

  • 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:

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

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).

  • Off-Balance Sheet Obligation means, with respect to any Person, any Obligation of such Person under a synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing classified as an operating lease in accordance with GAAP, if such Obligations would give rise to a claim against such Person in a proceeding referred to in Section 6.01(h).

  • 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;

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

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

  • 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.

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

  • 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).

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

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

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

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

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

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

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Liabilities means, as of any date of determination, the total liabilities of the Borrower and its Subsidiaries on a consolidated basis, as determined in accordance with GAAP.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date 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;

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

  • Reference Balance Sheet shall have the meaning set forth in Section 3.06(a).

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