Trial Balances definition

Trial Balances has the meaning set forth in Section 2.5(a).
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Trial Balances has the meaning ascribed to such term in Section 3.8(a)(ii).
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Examples of Trial Balances in a sentence

  • The Trial Balances were prepared in accordance with generally accepted accounting principles applicable in the United States.

  • The Acquired Companies, taken as a whole, do not have any material liability or obligation, whether accrued, absolute, contingent or otherwise, not reflected in the Directly Acquired Companies’ Financial Statements or the Consolidated Trial Balances.

  • Since June 30, 2004, no material liability for Taxes not reflected in the Directly Acquired Companies’ Financial Statements, the Consolidated Trial Balances or otherwise provided for has been assessed, proposed to be assessed, incurred or accrued other than in the ordinary course of business.

  • Taking into account applicable reserves, the accounts receivable of the Business reflected in the Trial Balances are, in all material respects, bona fide receivables representing amounts due in favor of the Business for arm’s length transactions entered into in the Ordinary Course of Business.

  • All accounts receivable of the Company or in connection with the Canada Transferred Assets, as the case may be, reflected in the Trial Balances represent bona fide claims for goods or services sold.

  • General Ledger (i) Daily Expense Accruals (j) Securities and Monies borrowed or loaned and collateral therefor (k) Daily Trial Balances It shall be the responsibility of the Company to furnish or cause to be furnished to VALIC, the declaration, record, payment dates and amounts of any dividends or income and any other special actions required on or concerning each of its portfolio securities.

  • All financial statements to be prepared and provided pursuant to this Section 5(j) shall be prepared in accordance with generally accepted accounting principles (and shall include all notes required by such principles), using the same methods of accounting and accounting practices utilized in the preparation of the Trial Balances and shall be accompanied by an unqualified opinion from Ernst & Young LLP.

  • To Seller's knowledge, all such customer accounts receivable are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserves for doubtful accounts reflected on the Trial Balances or taken account of in the calculation of Closing Net Working Capital.

  • The Trial Balances have been prepared in accordance in all material respects with Sellers’ regular reporting and accounting policies, practices and methodologies.

  • Historical Trial Balances – one (1) year consolidated by quarter iii.

Related to Trial Balances

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Lower-Tier Principal Balance The principal amount of any Lower-Tier Regular Interest outstanding as of any date of determination. As of the Closing Date, the Lower-Tier Principal Balance of each Lower-Tier Regular Interest shall equal the original Lower-Tier Principal Balance as set forth in the Preliminary Statement hereto. On each Distribution Date, the Lower-Tier Principal Balance of each Lower-Tier Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such Lower-Tier Regular Interest on such Distribution Date pursuant to Section 4.01(a)(ii) of this Agreement, and shall be further permanently reduced on such Distribution Date by all applicable Realized Losses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.01(f) of this Agreement, such that at all times the Lower-Tier Principal Balance of a Lower-Tier Regular Interest shall equal the Certificate Balance of the Corresponding Certificates. The Lower-Tier Principal Balance of any Lower-Tier Regular Interest may be increased on a particular Distribution Date as and to the extent contemplated by Section 4.01(g) of this Agreement.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.