Examples of Target Company Financial Statements in a sentence
Each Target Company has also delivered to Xxxxxx and DII on Schedule 3.10, in the case of those contingent ------------- liabilities related to pending or threatened litigation, or other liabilities which are not fixed, a good faith and reasonable estimate of the maximum amount which such Target Company reasonably expects will be payable and the amount, if any, accrued or reserved for each such potential liability on the Target Company Financial Statements.
Except as set forth in this Agreement, since the period covered by the Target Company Financial Statements there has not been (i) any material adverse change in the business, operations, properties, level of inventory, assets, or condition of the Target Company, or (ii) any damage, destruction, or loss to the Target Company (whether or not covered by insurance) materially and adversely affecting the business, operations, properties, assets, or conditions of the Target Company.
In addition, Acquiror shall have received the Target Company Financial Statements as provided in Section 6.09 hereof.
Except as set forth in Schedule 2.7, there are no material Liabilities of the Target Company, whether accrued, absolute, contingent or otherwise, which arose or relate to any transaction of the Target Company, its agents or servants occurring prior to the period covered by the Target Company Financial Statements which are not disclosed by or reflected in the Target Company Financial Statements.
No capital expenditures or ----------------------- leasehold improvements have been made by the Target Company since the date of the Target Company Financial Statements, other than in the ordinary course of business.
Except as set forth in Schedule 2.7, if any, there are no material liabilities of the Target Company, whether accrued, absolute, contingent or otherwise, which arose or relate to any transaction of the Target Company, its agents or servants occurring prior to the period covered by the Target Company Financial Statements which are not disclosed by or reflected in the Target Company Financial Statements.
All contributions payable to each Qualified -------- Plan for all benefits earned and other liabilities accrued through December 31, 1997, determined in accordance with the terms and conditions of such Qualified Plan, ERISA and the Code, have been paid or otherwise provided for, and to the extent unpaid are reflected on the Target Company Financial Statements.
The financial statements delivered from time to time by Borrowers to Lender (including, without limitation, any and all Target Company Financial Statements) present fairly the financial condition of the applicable Borrowers (or Target Company, as applicable), and have been prepared in accordance with GAAP consistently applied.
A true copy of the unaudited -------------------- financial statements of the Target Company and the statements of operations (the "Target Company Financial Statements") of the Target Company as of December 31, 1995, is annexed hereto as Schedule 4.1(p).
No capital expenditures or leasehold ----------------------- improvements have been made by the Target since the date of the Target Company Financial Statements, other than in the ordinary course of business.