The Management Accounts Sample Clauses
The Management Accounts clause defines the requirements and standards for the provision of interim financial statements by a company, typically covering periods between formal annual audits. In practice, this clause specifies what information must be included in the management accounts, such as profit and loss statements or balance sheets, and sets deadlines for their delivery to relevant parties, like investors or buyers. Its core function is to ensure transparency and up-to-date financial reporting, enabling stakeholders to monitor the company's financial health and make informed decisions during the course of a transaction or ongoing business relationship.
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The Management Accounts. (a) have been prepared in accordance with good accounting practice on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared;
(b) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and
(c) are not inaccurate or misleading in any material respect.
The Management Accounts. 7.4.1 have been prepared in accordance with good accounting practice;
7.4.2 reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and
7.4.3 are not inaccurate or misleading in any material respect.
The Management Accounts. (A) are prepared in accordance with the requirements of applicable Law and PRC GAAP consistently applied throughout; and (B) present, in all material respects, a true view of, the state of affairs and the financial position of the Target Group as of the dates thereof. Since the date of the Company's latest audited consolidated accounts in accordance with PRC GAAP, no Target Group Member has entered into any financing arrangement or incurred any new Debt (other than Trade Debt), except for the arrangements that have been fully, fairly and specifically disclosed in the Management Accounts.
The Management Accounts. Having regard to the purpose for which they were prepared (being for internal management purposes only), the Management Accounts are not misleading in any material respect and fairly represent, in the opinion of the Management Warrantors, the financial position and profit and loss of the Business for the periods to which they relate.
The Management Accounts. (a) A copy of the Management Accounts is attached to the Disclosure Letter.
(b) The Management Accounts have been prepared with due care and attention in accordance with accounting principles used by each Group Company in the course of preparing management accounts for that Group Company during the period commencing on the Incorporation Date and ending on the date of this agreement.
(c) Having regard to the purpose for which they were prepared and are used, the Management Accounts are not misleading.
The Management Accounts. (a) have been prepared on a basis consistent with that employed in preparing the Accounts, in all material respects, and on a basis consistent with that employed in preparing the management accounts of the Group for the twelve months ending on the Balance Sheet Date; and
(b) having regard to the purpose for which they were prepared, are not misleading in any material respect and do not materially overstate the assets and profits or materially understate the liabilities and losses of the Group Companies for the periods to which they relate.
The Management Accounts. 2.3.1 have been prepared on a basis consistent with the Company's management accounts prepared since the Accounts Date ; and
2.3.2 have been carefully prepared using accounting policies consistent with those used in the preparation of the Accounts .
The Management Accounts a copy of each bank mandate of the Company and copies of statements of each bank account of the Company made up to a date not earlier than two (2) Business Days before the Completion Date;
The Management Accounts. 6.1. The Management Accounts have been prepared honestly and diligently and fairly reflect the financial position of the Company as at •.
6.2. So far as the Company is aware, there has been no material change in the financial position of the Company that would affect the Management Accounts since •.
6.3. The Management Accounts have been reviewed and approved by the Board.
The Management Accounts. 1.3.1 have been prepared with reasonable care in a manner which accords with the accounting policies of the Group Companies and on a basis substantially consistent with the standalone management accounts for DOGL, OCH and DOL in respect of the 18 month period ending on the Locked Box Date; and
1.3.2 having regard to the purpose for which they were prepared, are not misleading in any material respect and do not materially overstate the assets nor materially understate the liabilities and do not materially overstate the profits nor materially understate the losses of Group Companies for the period to which they relate.