Adjusted Financial Statements definition

Adjusted Financial Statements means, for any period, (a) the balance sheet of the Borrower and the Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of the Borrower to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of the Borrower in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of the Borrower to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of the Borrower in accordance with GAAP).

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Adjusted Financial Statements means, for any period, (a) the balance sheet of Time Warner and the Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of Time Warner to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Time Warner in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of Time Warner to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Time Warner in accordance with GAAP).

Adjusted Financial Statements means, for any period, (a) the balance sheet of TWC and its Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of TWC to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of TWC in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of TWC to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of TWC in accordance with GAAP).

Examples of Adjusted Financial Statements in a sentence

Since the date of the Adjusted Balance Sheet which forms a part of Seller's Adjusted Financial Statements, Seller has operated only in the ordinary course, consistent with past practice, and there has not been any material adverse change, or any event, fact or circumstance which might reasonably be expected to result in a material adverse change, in the assets, liabilities, operating performance, business relationships, or prospects of the Business.
The Board will make its determination and decision to require or not require reimbursement or forfeiture within sixty (60) days of the filing of the Adjusted Financial Statements.
Attached hereto as SCHEDULE 3.2(a)(I) is a balance sheet of the Business as of December 31, 1998 and an income statement for the twelve (12) period then ended, which have been prepared jointly by Seller and Buyer in accordance with GAAP and which reflect the New Horizons Methodology (the "Adjusted Balance Sheet" and "Adjusted Income Statement", respectively, and collectively, the "Adjusted Financial Statements").
The Buyer and the Sellers further agree that in the event that the Dividend or any part thereof cannot be paid for any reason whatsoever but the Adjusted Financial Statements show that a profit has been made which would otherwise entitle the Sellers to the Dividend, ▇▇▇▇ ▇▇▇▇ will pay to ▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇ ▇▇▇▇▇▇▇ a bonus equivalent to the after tax value of such of the Dividend as has not been so paid.
The details of the familiarization program of Independent directors are available on the Company's website under the weblink ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇/▇▇▇▇▇▇▇▇.▇▇▇.

More Definitions of Adjusted Financial Statements

Adjusted Financial Statements means the Company's month-ending balance sheet and statements of income and changes in stockholders' equity as of the latest practicable date no earlier than forty-five (45) days prior to the Exchange Ratio Adjustment Date (defined below), which financial statements have been prepared in accordance with GAAP applied on a consistent basis throughout the periods covered thereby; provided, however, that the financial statements are subject to normal and recurring year-end adjustments and lack footnotes and other presentation items. The "Exchange Ratio Adjustment Date" shall be the fifth Business Day prior to the effective date of the Registration Statement or such later date prior to the mailing of the Joint Proxy Statement as the parties may mutually agree.

Adjusted Financial Statements has the meaning specified in Section ----------------------------- 4.5(a).

Adjusted Financial Statements shall have the meaning as set forth in SECTION 2-8(b) of EXHIBIT 2.

Adjusted Financial Statements has the meaning given to it in Section 4.10(d).

Adjusted Financial Statements. The following shall be added before the period: ";provided that so long as Warner EMI Music is (i) consolidated with such Person in such Person's Financial Statements in accordance with the proviso of the definition of 'Financial Statements' or (ii) an Unrestricted Subsidiary, Warner EMI Music shall be excluded from Adjusted Financial Statements".

Adjusted Financial Statements means, for any period, (a) the balance sheet of Testing Party and its Restricted Subsidiaries (treating Unrestricted Subsidiaries as equity investments of Testing Party to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Testing Party in accordance with GAAP) as of the end of such period and (b) the related statements of operations and stockholders equity for such period and, if such period is not a fiscal year, for the then elapsed portion of the fiscal year (treating Unrestricted Subsidiaries as equity investments of Testing Party to the extent that such Unrestricted Subsidiaries would not otherwise be treated as equity investments of Testing Party in accordance with GAAP).

Adjusted Financial Statements means the audited accounts of ▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ Oaks Pty Ltd adjusted to remove such income or accounting charges including any management fees or charges or the like, costs, expenses, liabilities or other matters beneficially or adversely affecting the profitability of either company as were not ordinarily included in the financial statements of those companies or incurred in the ordinary course of ordinary business of those companies prior to Completion Date except as may be agreed from time to time in writing by ▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇ and the Buyer.

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