Common use of Certification of Financial Statements Clause in Contracts

Certification of Financial Statements. Each financial statement provided hereunder shall be in scope and detail reasonably satisfactory to Administrative Agent and certified by the chief financial representative of each Borrower or its manager. Borrower will maintain a system of accounting established and administered in accordance with sound business practices to (i) permit preparation of financial statements on an accrual basis consistent with industry standards and substantially in accordance with GAAP, and (ii) provide the information required to be delivered to Administrative Agent hereunder.

Appears in 1 contract

Samples: Loan Agreement (Summit Healthcare REIT, Inc)

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Certification of Financial Statements. Each If requested by Administrative Agent or if attached to the Compliance Certificate, each financial statement provided hereunder with respect to any Borrower Party shall be in scope and detail reasonably satisfactory to Administrative Agent and certified by the chief financial representative an officer of each Borrower or its managerBorrowers. Borrower Borrowers will maintain a system of accounting established and administered in accordance with sound business practices to (i) permit preparation of financial statements on an accrual basis consistent with industry standards and substantially in accordance with GAAP, and (ii) provide the information required to be delivered to Administrative Agent hereunder.

Appears in 1 contract

Samples: Loan Agreement (Care Capital Properties, Inc.)

Certification of Financial Statements. Each If requested by Administrative Agent or if attached to the Compliance Certificate, each financial statement provided hereunder shall be in scope and detail reasonably satisfactory to Administrative Agent and certified by the chief financial representative of each Borrower (or its managerBorrowers’ Agent on behalf of Borrowers) or Guarantor, as applicable. Borrower Borrowers will maintain a system of accounting established and administered in accordance with sound business practices to (i) permit preparation of financial statements on an accrual basis consistent with industry standards and substantially in accordance with GAAP, and (ii) provide the information required to be delivered to Administrative Agent hereunder.

Appears in 1 contract

Samples: Loan Agreement (Healthcare Trust, Inc.)

Certification of Financial Statements. Each financial statement provided hereunder shall be in scope and detail reasonably satisfactory to Administrative Agent and certified by the chief financial representative of each Borrower or its manager. Borrower will maintain a system of accounting established and administered in accordance with sound business practices to (i) permit preparation of financial statements on an accrual basis consistent with industry standards and substantially in accordance with GAAP, and (ii) provide the information required to be delivered to Administrative Agent hereunder.hereunder LOAN AGREEMENT – Page 57[Summit Pxxxxxxxxx]

Appears in 1 contract

Samples: Loan Agreement (Summit Healthcare REIT, Inc)

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Certification of Financial Statements. Each If requested by Administrative Agent or if attached to the Compliance Certificate, each financial statement provided hereunder shall be in scope and detail reasonably satisfactory to Administrative Agent and shall be certified by the chief financial representative of each Borrower or its managerand Guarantor, as applicable. Borrower Borrowers will maintain a system of accounting established and administered in accordance with sound business practices to (i) permit preparation of financial statements on an accrual basis consistent with industry standards and substantially in accordance with GAAP, and (ii) provide the information required to be delivered to Administrative Agent hereunder.

Appears in 1 contract

Samples: Loan Agreement

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