Combined Pro Forma Financial Statements definition
Examples of Combined Pro Forma Financial Statements in a sentence
To the Knowledge of Sellers, there exists no Circumstance that, after notice or the passage of time or both, would be reasonably expected to create or result in liabilities under existing warranties given by the Business in excess of the reserves on the Combined Pro Forma Financial Statements.
All inventory of the Business, including raw materials, works in process and finished products, was acquired or manufactured in the ordinary course of business and is of good quality and is usable and saleable in the ordinary course of business, except for obsolete materials and materials of below standard quality which have been written down in the Combined Pro Forma Financial Statements to realizable market value or for which adequate reserves have been provided therein.
Liens not otherwise permitted by the foregoing clauses of this Section encumbering assets of the Borrower and its Consolidated Subsidiaries having an aggregate fair market value which is not in excess of 10% of Consolidated Net Tangible Assets (determined, in each case, by reference to the Combined Pro Forma Financial Statements, or, if then delivered, as of the most recent date for which Borrower has delivered its financial statements under Section 5.01(b)).