Common use of Adequacy of Disclosure Clause in Contracts

Adequacy of Disclosure. (a) All financial statements furnished to the Agent and to each Revolving Credit Lender by the Borrower have been prepared in accordance with GAAP consistently applied and present fairly the condition of the Borrower 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 financial condition, results of operations, or cash flows of the Borrower since the date of the most recent financial statements, other than changes in the ordinary course of business, which changes have not been materially adverse, either singularly or in the aggregate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

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Adequacy of Disclosure. (a) All financial statements furnished to the Agent and to each Revolving Credit Lender by the each Borrower have been prepared in accordance with GAAP consistently applied and present fairly the financial condition of the each Borrower 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 financial condition, results of operations, or cash flows of the any Borrower since the date of the most recent date(s) of such financial statements, other than changes in the ordinary course of business, which changes have not been materially adverse, either singularly or in the aggregate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Jacobson Stores Inc), Loan and Security Agreement (Jacobson Stores Inc)

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Adequacy of Disclosure. (a) All financial statements furnished to the each Agent and to each Revolving Credit Lender by the Borrower each Loan Party have been prepared in accordance with GAAP consistently applied and present fairly the condition of the Borrower Loan Parties at the date(s) thereof and the results of operations and cash flows for the period(s) covered (provided covered; provided, however, that unaudited financial statements are subject to normal year 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 Borrower Loan Parties since the date date(s) of the most recent financial statementsstatements delivered to the Administrative Agent, as supplemented by the Business Plan, other than changes in the ordinary course of business, which changes have not been materially adverse, either singularly or in the aggregate.

Appears in 2 contracts

Samples: Revolving Credit Note (Casual Male Retail Group Inc), Revolving Credit Note (Casual Male Retail Group Inc)

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