Closing Date Financial Statement definition

Closing Date Financial Statement has the meaning set out in Section 3.6(a);

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Closing Date Financial Statement is defined in Section 2.3(A)(1).

Closing Date Financial Statement means the statement of assets and liabilities of the Business as at the Closing Date, prepared by the Vendor, showing all of the Purchased Assets and the Current Liabilities, prepared on a basis consistent with that used in the Financial Statements, and shall also include a statement of the Net Working Capital;

Examples of Closing Date Financial Statement in a sentence

If, within 180 days after the Closing Date, the Accounts Receivable have not been collected in full, an amount equal to the sum of the face value of such uncollected Accounts Receivable minus the allowance for uncollectible accounts reflected on the Closing Date Financial Statement, shall forthwith be paid by Shareholder to the Company.
The Parties shall cooperate fully in the preparation of the Closing Date Financial Statement.
The Parties shall co-operate fully in the preparation of the Closing Date Financial Statement.
The determination of the Independent Auditor shall be final and binding on the Parties and the Closing Date Financial Statement shall be finalized in accordance with such determination.
The Members shall have delivered to the Purchaser the Closing Date Indebtedness Statement, Closing Date Expense Statement, the Closing Date Financial Statement and the Closing Date Payment Statement in accordance with Section 3.3.
Each of the Audited Financial Statements and the Closing Date Financial Statement has been prepared in accordance with GAAP as in effect from time to time, consistently and correctly applied throughout the periods covered thereby, except as may be indicated in the notes thereof.
The Purchaser shall give the Vendor and its accountants full access to the Books and Records and working papers of the Business and its auditor to permit the preparation of the Closing Date Financial Statement and the Vendor shall give the Purchaser and its accountants access to its working papers relating to the preparation of the Closing Date Financial Statement to enable the Purchaser to exercise its rights under this Section.
As soon as reasonably practicable after the Closing Date and in any event not later than 45 days thereafter, the Vendor shall cause to be prepared and delivered to the Purchaser the Closing Date Financial Statement.
To the extent that the total indebtedness of the Company (relating to borrowed funds) is greater that $0 on the Closing Date as shown on the Closing Date Financial Statement, the first Installment Payment (or, to the extent necessary, the second and third Installments Payment) of $600,000 shall be reduced on a dollar-for-dollar basis.
A draft of the Closing Date Financial Statement shall be provided for review and discussion as soon as it is available and in any event no later than 30 days after the Closing Date.

More Definitions of Closing Date Financial Statement

Closing Date Financial Statement means the consolidated balance sheet of the Acquired Companies as at the Closing Date, showing all of the assets and liabilities of the Acquired Companies, prepared by the Purchaser on a basis consistent with that used in the Financial Statements, and shall also include a statement of the Closing Net Working Capital, together with an unqualified opinion of the auditor designated by the Purchaser to the effect that the Closing Date Financial Statement has been prepared in accordance with IFRS consistently applied with those used in the Financial Statements and presents fairly in all material respects the assets and liabilities of the Acquired Companies on a consolidated basis as at the Closing Date.

Closing Date Financial Statement means the statement of consolidated assets and consolidated liabilities of the Company as at the Closing Date, showing all of the assets of the Company and the current liabilities, and shall also include a statement of the Total Net Equity as at the Closing Date, together with an unquali- fied opinion of the Auditor to the effect that the Closing Date Financial Statement has been prepared in accordance with generally accepted accounting principals consistently applied with those used in the Italian Audited Financials and presents fairly in all material respects the consolidated assets and liabilities of the Company and the Subsidiaries as at the Closing Date.

Closing Date Financial Statement means the estimated financial statements of the Companies, dated as of the Closing Date, which contain separate balance sheets, income statements cash flow statements for each of PMACIC, PMA RE and HMR as of the Closing Date, specifically setting forth (i) the net loss and LAE reserves for each of PMACIC, PMA RE and HMR as of the Closing Date and (ii) the expense accruals and non-actuarial reserves for each of PMACIC, PMA RE and HMR as of the Closing Date; provided that (x) the statements with respect to PMACIC are prepared in accordance with SAP and (y) the statements with respect to HMR and PMA RE are prepared in accordance with GAAP.

Closing Date Financial Statement means the balance sheet of the Company as at December 31, 2002 and the accompanying statements of operations, retained earnings (deficit) and cash flows for the year then ended, prepared using the Purchaser's Completed Contract Method of Revenue Recognition, and showing all of the assets and liabilities of the Company, and shall also include a statement of the Closing Net Assets, together with an unqualified opinion of the Auditor to the effect that the Closing Date Financial Statement has been prepared in accordance with a disclosed basis of accounting

Closing Date Financial Statement means the unaudited, internally-prepared balance sheet of Corporation as at the Closing Date, showing all of the assets and liabilities of the Corporation in connection with the Business, after giving effect to the proposed disposition of CNG Business, and the unaudited internally-prepared statement of income for the period January 1, 2001 to the Closing Date, also giving effect to the proposed disposition of CNG Business, and a statement of the Net Working Capital as at the Closing Date.

Related to Closing Date Financial Statement

Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).
Closing Financial Statements has the meaning set forth in Section 6.22.
Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.
Financial Statement Date means December 31, 1999.
Monthly Financial Statements is defined in Section 6.2(c).

Related to Closing Date Financial Statement

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