No Financial Statements Clause Samples
The "No Financial Statements" clause specifies that a party is not required to provide financial statements or related financial information to the other party under the agreement. In practice, this means that the party's financial records, such as balance sheets or income statements, are not subject to disclosure or review as part of the contractual relationship. This clause is typically used to protect sensitive financial data and to limit the administrative burden of sharing such information, thereby ensuring privacy and reducing the risk of unnecessary exposure of financial details.
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No Financial Statements. The Company has not prepared any balance sheet, income statement, statement of changes in financial position and shareholders' equity or other financial statement and has kept its financial records on a cash basis since the Company's incorporation on October 24, 1997.
No Financial Statements. Except as may be reflected in the ----------------------- Business Plan, the Company has not prepared any historical balance sheet, income statement, statement of cash flows or stockholders' equity or other financial statement. The Company has no material liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.
No Financial Statements. The Company is a development stage, early stage company and has not prepared any financial statements.
No Financial Statements. Tio was incorporated on June 19, 1997 and has had no significant operations to date.
No Financial Statements. 7 2.15 Changes.................................................................................... 7 2.16
No Financial Statements. No Purchased Entity maintains its own financial statements.
No Financial Statements. 8 3.16 Insurance...........................................................................................8 3.17
No Financial Statements. The Company has not prepared any ----------------------- historical balance sheet, income statement, statement of cash flows or stockholders' equity or other financial statement.
No Financial Statements. (a) New Borun has not had any operations since its incorporation and no financial statements have been prepared.
(b) New Borun has no liabilities with respect to the payment of any federal, state, county, local or other taxes (including any deficiencies, interest or penalties).
(c) New Borun has timely filed all income and/or franchise tax returns required to be filed by it from its inception to the date hereof. Each of such income and/or franchise tax returns reflects the taxes due for the period covered thereby, except for amounts which, in the aggregate, are immaterial.
(d) New Borun has no liabilities, direct or indirect, matured or unmatured, contingent or otherwise.
No Financial Statements. (a) New Borun has not had any operations since its incorporation and no financial statements have been prepared with the exception of those financial statements set forth in Item 2.04 of the New Borun Schedules.
(b) New Borun has no liabilities with respect to the payment of any federal, state, county, local or other taxes (including any deficiencies, interest or penalties).
(c) New Borun has timely filed all income and/or franchise tax returns required to be filed by it from its inception to the date hereof. Each of such income and/or franchise tax returns reflects the taxes due for the period covered thereby, except for amounts which, in the aggregate, are immaterial.
(d) New Borun has no liabilities, direct or indirect, matured or unmatured, contingent or otherwise.