Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.
Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Effect (the “Pre-existing MAE”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAE shall no longer exist.
Applicable Financial Statements means the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the
Examples of Applicable Financial Statements in a sentence
Since the date of the most recent Applicable Financial Statements, there has not been any Material Adverse Change.
This Agreement will be for a two (2) year period commencing on the Effective Date and will expire on January 31, 2016 (the “ Term”).
Applicable Financial Statements Comments requested clarification on the definition of the term applicable finan- cial statement.
Those taxpayers falling under the $25 million gross receipts threshold now have the choice of accounting for inventories in a manner consistent with their Applicable Financial Statements (AFS) or accounting for inventories as non-incidental materials and supplies (IRC Section 471(c)(1)(B)(i) & (ii)).
The compensation linked to company earnings takes into account any qualifications included in the external auditor’s report that reduce such earnings.Not Applicable Financial Statements Viscofan S.A.
More Definitions of Applicable Financial Statements
Applicable Financial Statements means consolidated financial statements of the Borrower delivered pursuant to Section 5.01 covering the Applicable Calculation Period.
Applicable Financial Statements as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAE shall no longer exist. “Applicable Margin” means (1) for Interest Periods when the most recently reported Gross Borrowing Base to Combined Debt Amount is greater than or equal to 1.85:1.00 (a) with respect to any ABR Loan, 1.125% per annum; (b) with respect to any Term Benchmark Loan, 2.125% per annum; and (c) with respect to any RFR Loan, 2.125% per annum and (2) for interest periods when the most recently reported Gross Borrowing Base to Combined Debt Amount is less than 1.85:1.00 (a) with respect to any ABR Loan, 1.250% per annum; (b) with respect to any Term Benchmark Loan, 2.250% per annum; and (c) with respect to any RFR Loan, 2.250% per annum. The Applicable Margin shall be re-determined for each Interest Period based on the most recently delivered Borrowing Base Certificate in accordance with Section 5.01(d); provided that if such Borrowing Base Certificate is not provided in accordance with Section 5.01(d), then from and including the day immediately succeeding the date on which such Borrowing Base Certificate was required to be delivered, the Applicable Margin shall be set at the margin in clause (2) above to and including the date on which the required Borrowing Base Certificate is delivered. “Applicable Multicurrency Percentage” means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency
Applicable Financial Statements collectively, means the Agro National Balance Sheet (or the related notes thereto, if any) or any September Statutory Statement (or the related notes thereto, if any) of an Insurance Subsidiary.
Applicable Financial Statements means, as at any date (a) from the Effective Date to the date on which audited financial statements of the Borrower for the Borrower’s fiscal year ending on December 31, 2018 are delivered to the Lenders, the unaudited financial statements of the Borrower for the nine month period ending on September 30, 2018 and (b) otherwise, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.
Applicable Financial Statements as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.
Applicable Financial Statements means, as at any date, the more recent of the financial statements referenced in Section 3.04(a) and the audited financial statements of the Borrower delivered to the Administrative Agent and the Lenders pursuant to Section 5.01(a); provided that if immediately prior to the delivery to the Administrative Agent and the Lenders of new audited financial statements of the Borrower a Material Adverse Effect (the “Pre-existing MAE”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAE shall no longer exist.
Applicable Financial Statements has the meaning set forth in Section 5.5(b).