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 each Borrower have been prepared in accordance with GAAP consistently applied and present fairly the condition of the Borrowers 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 Borrowers since the 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 (Drugmax Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

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Adequacy of Disclosure. (a) All financial statements furnished to the Agent and to each Revolving Credit Lender by each the Borrower have been prepared in accordance with GAAP consistently applied and present fairly in all material respects the financial condition of the Borrowers 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 Consolidated financial condition, results of operations, or cash flows of the Borrowers Borrower since the 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 (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)

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Adequacy of Disclosure. (a) All financial statements furnished to the Administrative Agent and to each Revolving Credit Lender by each Borrower Credit Party have been prepared in accordance with GAAP consistently applied and present fairly in all material respects the condition of the Borrowers Credit Parties at the date(s) thereof and the results of operations and cash flows for the period(s) covered (provided 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 Borrowers Credit Parties since the date(s) of such financial statements, other than changes in the ordinary course of business, and changes which changes have not been materially adverse, either singularly or in the aggregatehad a Material Adverse Effect.

Appears in 2 contracts

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

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