Balance Sheet Date definition
Examples of Balance Sheet Date in a sentence
All accounts, notes receivable and other receivables (other than receivables collected since the Balance Sheet Date) reflected on the balance sheet delivered pursuant to Section 3.5(a)(ii) are valid, genuine and fully collectible in the aggregate amount thereof, subject to normal and customary trade discounts in the ordinary course of business, less any reserves for doubtful accounts expressly recorded on the balance sheet delivered pursuant to Section 3.5(a)(ii).
All accounts and other receivables arising out of or relating to such business of the Company as of the Balance Sheet Date have been included in the balance sheet delivered pursuant to Section 3.5(a)(ii).
The allowance for credit losses shown on the Interim Balance Sheet or, with respect to accounts receivable arising after the Interim Balance Sheet Date, on the accounting records of the Company has been determined in accordance with GAAP, consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes.
Since the Interim Balance Sheet Date, all purchase and sale orders and other commitments for purchases and sales made by the Acquired Companies have been made in the ordinary course of business in accordance with past practices, and no payments have been received from or made to any distributor, direct ship customer or supplier or any of the respective Representatives other than on account of the invoiced price of goods sold or supplies purchased in the ordinary course of business.
Without limiting the generality of the foregoing, since the Balance Sheet Date, there has not been a Material Adverse Effect.