Target Balance Sheet definition

Target Balance Sheet has the meaning set forth in Section 3.7.

Target Balance Sheet has the meaning set forth in Section 5.04(d).

Target Balance Sheet shall have the meaning set forth in Section 2.4 hereof.

Examples of Target Balance Sheet in a sentence

• Target has no material liabilities of any nature (matured or unmatured, fixed or contingent) other than (a) those set forth or adequately provided for in the Closing Balance Sheet; (b) those incurred in the ordinary course of business since the Target Balance Sheet Date and consistent with past practice; and (c) those incurred in connection with the execution of this Agreement.

• All tangible assets and properties used in the operations of Target are reflected in the Target Balance Sheet to the extent required by GAAP and constitute all of the tangible assets and properties necessary to conduct Target’s operations and business as currently conducted by Target.

• Target had no inventory as of, and has not acquired any inventory since the Target Balance Sheet Date.

• Section 3.19 of the Target Disclosure Schedule contains a list of the names of all employees (including part-time employees and temporary employees), leased employees, independent contractors and consultants of Target currently in service to the Target, together with their respective salaries or wages, other compensation, any change in compensation since the Target Balance Sheet Date, sick and vacation leave that is accrued but unused, date of hire and current position.

More Definitions of Target Balance Sheet

Target Balance Sheet has the meaning set forth in Section 8.7(c) of the Agreement.

Target Balance Sheet means the consolidated balance sheet of Target as at July 31, 2010 and July 31, 2009, forming part of the Target Financial Statements;

Target Balance Sheet means the most recent balance sheet included in the Unaudited Financial Statements of Target.

Target Balance Sheet means the most recent balance sheet contained in the Target SEC Documents.

Target Balance Sheet. Target Balance Sheet" shall mean that audited balance sheet of Target as of June 30, 2004 furnished to Buyer as contemplated in Section 3.10 hereof.

Target Balance Sheet means the unaudited balance sheet of Target as at December 31, 2015;

Target Balance Sheet means the combined balance sheet of the Transferred Companies as of March 30, 2002 prepared in accordance with GAAP as described and supplemented by the Accounting Principles applied on a basis consistent with the Preliminary Balance Sheet (with the exception of the notes and interest payable to affiliates line item) and shall fairly present the combined financial position of the Transferred Companies as of the close of business on March 30, 2002; provided, that the Target Balance Sheet shall include (i) a reserve for self-insured retentions for general liability, automobile and worker's compensation insurance in an amount equal to $3.6 million (which amount shall be identical to the amount set forth on the Closing Balance Sheet), (ii) goodwill (net) in an amount equal to $45.2 million (which amount shall be identical to the amount set forth on the Closing Balance Sheet), (iii) assets and liabilities relating to pension plans in amounts equal to $0.6 and $12.5 million, respectively (which amounts shall be identical to the amounts set forth on the Closing Balance Sheet) and (iv) net assets and liabilities relating to deferred income taxes equal to $0.0 (which amount shall be identical to the amount set forth on the Closing Balance Sheet). The parties acknowledge that the calculation of Pension Plan Liability for purposes of Section 8.01(d) shall be determined solely in accordance with that Section and the definition of Pension Plan Liability. "Final Net Worth" means the Closing Net Worth (i) as shown in Buyer's calculation delivered pursuant to Section 2.03(a), if no Objection Notice is duly delivered pursuant to Section 2.03(b); or (ii) if such Objection Notice is delivered,