Stub Period Financial Statements Clause Samples

The Stub Period Financial Statements clause requires the preparation and delivery of financial statements covering a partial period that falls between the end of the last full fiscal period and the closing date of a transaction. Typically, this means the seller must provide up-to-date financial information for the time from the last audited or interim statements up to the transaction's completion. This ensures that the buyer has access to the most current financial data, reducing informational gaps and supporting informed decision-making at closing.
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Stub Period Financial Statements. For the period commencing as of the date hereof and ending as of the Closing Date, the Company shall deliver to the Purchaser the (a) unaudited balance sheet of the Company for each month after the month of the most recent financial statements listed in Section 3.7(a), and (b) related statements of cash flows and income for the period then ended. Such financial statements shall be delivered within [ ] days after the end of such month or, if earlier, contemporaneously with the delivery of such financial statements to the directors, stockholders or lenders of the Company or any Subsidiary.
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Stub Period Financial Statements. Notwithstanding anything to the contrary in this Agreement, the Company shall within thirty (30) days after the date of this Agreement prepare and supply to the Purchaser the Stub Period Financial Statements.
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Stub Period Financial Statements. The Company shall use commercially reasonable efforts to close its books and perform such internal tasks as may be consistent with the preparation of an audited consolidated balance sheet of the Company and its Subsidiaries as of July 27, 2006 and the related statements of income, shareholders’ equity and cash flows for the 10-month period then ended, all prepared in accordance with GAAP applied in the same matter as in the preparation of the Latest Audited Balance Sheet, but the delivery of such financial statements, and the retention of an independent public accounting firm to audit such financial statements, shall not be a condition to the Closing.
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Stub Period Financial Statements. Tyagi and the Major Stockholders shall promptly assist the Company in preparing financial statements for the period April 1, 2006 to the Effective Date.
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Stub Period Financial Statements. After the Closing, Sellers shall deliver to Purchasers financial statements of Sellers for the period commencing on October 1, 2003 and ending October 31, 2003, as prepared by Sellers in accordance with GAAP and delivered at such time, containing such information, and presented in such format as is in accordance with Sellers ordinary course business practice prior to the Closing Date with regard to delivery of monthly financial statements.
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Stub Period Financial Statements. Within 60 days after the Closing Date, the Sellers shall cause to be prepared, and the Sellers’ Representative shall deliver to the Purchaser and the Parent, true and complete copies of the Company’s unaudited balance sheet and the related unaudited statements of income and cash flows for the period commencing on January 1, 2021, and terminating on the Closing Date (collectively, the “Stub Period Financial Statements”).
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Stub Period Financial Statements. The unaudited consolidated balance sheets and year to date statements of income, cash flows and stockholders equity of the Division at and for the most recently ended year to date quarterly period between December 31, E-18 2001 and the Closing Date (the "FINAL STUB PERIOD FINANCIAL STATEMENTS") when provided pursuant to SECTION 4.18(b) will (A) except as set forth in SECTION 2.7(ii) of the Disclosure Schedule as of the Execution Date, fairly present in all material respects the consolidated financial condition, results of operations, cash flows and stockholders equity of the Division as of the date thereof or for the period covered thereby and shall be consistent in all material respects with the Books and Records of Parent and its Affiliates (as so consolidated) and (B) have been prepared in accordance with (x) GAAP consistent with the accounting principles and practices applied in preparation of the 2000 Audited Financial Statements, applied on a consistent basis throughout the periods indicated, subject to normal and recurring year-end adjustments that are not expected to be material in amount and (y) Regulation S-X.
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Stub Period Financial Statements. For the period commencing as of the date hereof and ending as of the Closing Date, the Sellers shall deliver to the Purchasers (a) the consolidated unaudited balance sheet of the Companies and their respective Company Subsidiaries for each month after the month of the Latest Balance Sheet, together with the related statements of cash flows and income for the period then ended, and (b) any other regularly-prepared financial reporting. Such financial statements and information shall be delivered within thirty (30) days after the end of such month or, if earlier, concurrent with the provision of such information to management
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Stub Period Financial Statements. Between the date of this Agreement and the Closing Date, the Company shall cause to be delivered to the Purchaser month-end financial statements for the Company, prepared from the books and records of the Company in accordance with GAAP and consistent with past practices, consistently applied, within fifteen (15) Business Days of the end of the applicable month.
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Related to Stub Period Financial Statements

  • Monthly Financial Statements As soon as available, but no later than thirty (30) days after the last day of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form acceptable to Bank (the “Monthly Financial Statements”);

  • Quarterly Financial Statements As soon as available and in any event within 5 days after the date on which such financial statements are required to be filed with the SEC (after giving effect to any permitted extensions) with respect to each of the first three quarterly accounting periods in each fiscal year of the Borrower (or, if such financial statements are not required to be filed with the SEC, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Borrower and the Subsidiaries and, if different, the Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Borrower and the Restricted Subsidiaries, a detailed reconciliation reflecting such financial information for the Borrower and the Restricted Subsidiaries, on the one hand, and the Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, stockholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject to changes resulting from audit and normal year end audit adjustments.

  • Audited Financial Statements The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in shareholder’s equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

  • Closing Financial Statements At least eight Business Days prior to the Effective Time of the Merger, Malvern shall provide First Bank with ▇▇▇▇▇▇▇’s consolidated financial statements presenting the financial condition of Malvern and its Subsidiaries as of the close of business on the last day of the last month ended prior to the Effective Time of the Merger and Malvern’s consolidated results of operations for the period from January 1, 2022 through the close of business on the last day of the last month ended prior to the Effective Time of the Merger (the “Closing Financial Statements”); provided, that if the Effective Time of the Merger occurs on or before the 15th Business Day of the month, ▇▇▇▇▇▇▇ shall have provided consolidated financial statements as of and through the second month preceding the Effective Time of the Merger. Such financial statements shall be accompanied by a certificate of ▇▇▇▇▇▇▇’s chief financial officer, dated as of the date of delivery, to the effect that such financial statements continue to reflect accurately, as of the date of the certificate, the financial condition of Malvern in all material respects. Such financial statements shall have been prepared in all material respects in accordance with GAAP, and reflect all period-end accruals and other adjustments. Such Closing Financial Statements shall also reflect as of their date (a) accruals for (i) all fees and expenses of all attorneys, accountants, investment bankers and other advisors and agents for Malvern for services rendered in connection with the transactions contemplated by this Agreement, (ii) any employee severance, retention or change-in-control payments or expenses consistent with the terms of this Agreement, (iii) any payment made or expense accrued for the purchase of a directors’ and officers’ liability insurance policy pursuant to this Agreement, (iv) other third-party costs, fees and expenses incurred or accrued by Malvern in connection with the transactions contemplated by this Agreement, and in each case, paid by ▇▇▇▇▇▇▇ or payable by Malvern prior to the Effective Time, (v) losses incurred or accrued by ▇▇▇▇▇▇▇ relating to the loans listed in Section 8.2(f)(1) of Malvern’s Disclosure Memorandum, (vi) costs, fees expenses, or any other amounts or payments, incurred or accrued by Malvern in connection with the matter set forth in Section 8.2(f)(2) of Malvern’s Disclosure Memorandum, (vii) changes in accumulated other comprehensive income from September 30, 2022 through the Closing Date, and (viii) changes to changes to GAAP or regulatory accounting requirements, including GAAP shareholders’ equity as a result of the initial adoption of the Current Expected Credit Losses (CECL) Methodology and (b) the shareholders’ equity referenced in Section 8.2(f).

  • Unaudited Financial Statements The School shall prepare and submit its unaudited annual financial statements to the Commission by September 15 of the subsequent fiscal year; provided that the Commission, with reasonable notice to the School, may change the deadline depending on circumstances.