Common use of Adequacy of Disclosure Clause in Contracts

Adequacy of Disclosure. (a) All quarterly and annual financial statements furnished to the Administrative Agent and to each Revolving Credit Lender by the Loan Parties on a consolidated basis have been prepared in accordance with GAAP consistently applied (provided however, that unaudited financial statements are subject to normal year end adjustments and to the absence of footnotes). All financial statements furnished to the Administrative Agent and to each Revolving Credit Lender by the Loan Parties present fairly the condition of the Loan Parties at the date(s) thereof and the results of operations and cash flows for the period(s) covered (provided however, that unaudited financial statements are subject to normal year end adjustments and to the absence of footnotes). There has been no change in the Consolidated financial condition, results of operations, or cash flows of the Loan Parties since the date(s) of such financial statements, other than changes which are not reasonably likely to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (DSW Inc.)

AutoNDA by SimpleDocs

Adequacy of Disclosure. (a) All monthly, quarterly and annual financial statements furnished to the Administrative Agent and to each Revolving Credit Lender by the Loan Parties on a consolidated basis have been prepared in accordance with GAAP consistently applied (provided however, that unaudited financial statements are subject to normal year end adjustments and to the absence of footnotes). All financial statements furnished to the Administrative Agent and to each Revolving Credit Lender by the Loan Parties present fairly the condition of the Loan Parties at the date(s) thereof and the results of operations and cash flows for the period(s) covered (provided however, that unaudited financial statements are subject to normal year end adjustments and to the absence of footnotes). There has been no change in the Consolidated financial condition, results of operations, or cash flows of the Loan Parties since the date(s) of such financial statements, other than changes which are not reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Retail Ventures Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.