Common use of Adequacy of Disclosure Clause in Contracts

Adequacy of Disclosure. (a) All annual and quarterly financial statements of the Borrowers furnished to the Lenders by the Borrowers for any period ending on or after December 31, 2005 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, except that quarterly financial statements remain subject to year-end adjustments and the addition of notes. There has been no change in the 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 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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Adequacy of Disclosure. (a) All annual and quarterly financial statements of the Borrowers furnished to the Lenders by the Borrowers for any period ending on or after December 31, 2005 1998 have been prepared in accordance with GAAP consistently applied and present fairly the condition of the Borrowers Borrower at the date(s) thereof and the results of operations and cash flows for the period(s) covered, except that quarterly financial statements remain subject to year-end adjustments and the addition of notes. There has been no change in the 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 1 contract

Samples: Loan and Security Agreement (Dynamics Research Corp)

Adequacy of Disclosure. (a) All annual and quarterly financial statements of the Borrowers furnished to the Lenders by the Borrowers for any period ending on or after December 31, 2005 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, except that quarterly financial statements remain subject to year-end adjustments and the addition of notes. There has been no change in the 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, and other than the 2008 Reserve.

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

Adequacy of Disclosure. (a) All annual and quarterly financial statements of the Borrowers furnished to the Lenders by the Borrowers for any period ending on or after December 31, 2005 2001 have been prepared in accordance with GAAP consistently applied and present fairly the condition of the Borrowers Borrower at the date(s) thereof and the results of operations and cash flows for the period(s) covered, except that quarterly financial statements remain subject to year-end adjustments and the addition of notes. There has been no change in the 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 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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Adequacy of Disclosure. (a) All annual and quarterly financial statements of the Borrowers furnished to the Lenders Lender by the Borrowers for any period ending on or after December 31, 2005 Lead Borrower have been prepared in accordance with GAAP consistently applied and present fairly the financial Consolidated condition of the Borrowers at the date(s) thereof and the Consolidated results of operations and cash flows for the period(s) coveredcovered (provided however, except that quarterly unaudited financial statements remain are subject to year-normal year end adjustments and to the addition absence of notesfootnotes). 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 1 contract

Samples: Loan Agreement (Lojack Corp)

Adequacy of Disclosure. (a) All annual and quarterly financial statements of the Borrowers furnished to the Lenders by the Borrowers for any period ending on or after December 31, 2005 2003 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, except that quarterly financial statements remain subject to year-end adjustments and the addition of notes. There has been no change in the 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 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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