VCI Financial Statements definition
Examples of VCI Financial Statements in a sentence
The VCI Financial Statements fairly present, in conformity with generally accepted accounting principles applied on a consistent basis, the financial position of VCI as of the dates thereof and the results of operations of VCI for the periods then ended.
VCI has good and marketable title to all of its assets, including the assets reflected on the VCI Financial Statements referred to in Section 3.5 hereto, free and clear of all liens and encumbrances, and all of the assets thereafter acquired by it except to the extent that such assets have thereafter been disposed of for fair value in the ordinary course of business.
Adequate provision has been made in the Books and Records of VCI and, to the extent required by generally accepted accounting principals, reflected in the VCI Financial Statements, for all Tax liabilities, including interest or penalties, whether or not due and payable and whether or not disputed, with respect to any and all Taxes for the periods covered by the VCI Financial Statements and for all prior periods.
Attached hereto as Schedule 3.22 is a complete list of all tax obligations, as reflected on the March 31, 1998 VCI Financial Statements referred to in Section 3.5 hereto, itemized by jurisdiction, obligation type and taxing period.
Attached hereto as Schedule 3.12 is an itemized list of all amounts due from stockholders and officers of VCI as reflected on the March 31, 1998 VCI Financial Statements.
Except as set forth on Schedule 3.22, to the knowledge of VCI, the amounts reflected as liabilities for taxes on the VCI Financial Statements referred to in Section 3.5 hereof are sufficient for the payment of all unpaid federal, state, county, local and foreign taxes of VCI accrued for or applicable to the period ended on such VCI Financial Statements' date and all years prior thereto.
All trade obligations are reflected in the VCI Financial Statements referred to in Section 3.5 hereto.
All accrued liabilities are reflected in the March 31, 1998 VCI Financial Statements referred to in Section 3.5 hereto, subject to normal year-end adjustments and the absence of notes.
All inventory reflected on the VCI Financial Statements referred to in Section 3.5 hereto is owned by VCI and does not include any inventory consigned to it from others.
All accounts receivable reflected on the VCI Financial Statements referred to in Section 3.5 hereto arising prior to the date hereof, and not collected at the date hereof, have arisen from bona fide transactions in the ordinary course of VCI's business.