Common use of Changes in Financial Condition Clause in Contracts

Changes in Financial Condition. Since the date of the annual financial statements referenced in Section 6.6, there has been no change in the assets, liabilities, or financial condition of the Borrower or the Guarantor from that set forth or reflected in the fiscal year-end balance sheet referred to in Section 6.6, other than changes in the ordinary course of business, none of which has been, either in any case or in the aggregate, materially adverse.

Appears in 4 contracts

Samples: Loan and Security Agreement (Emergent Group Inc), Loan and Security Agreement (Emergent Group Inc), Loan and Security Agreement (Emergent Group Inc)

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Changes in Financial Condition. Since the date of the annual financial statements referenced in Section 6.6, there has been no change in the assets, liabilities, or financial condition of the Borrower or the Guarantor from that set forth or reflected in the fiscal year-end balance sheet referred to in Section 6.6, other than changes in the ordinary course of business, none of which has been, either in any case or in the aggregate, materially adverse.

Appears in 2 contracts

Samples: Loan and Security Agreement (Emergent Group Inc), Loan and Security Agreement (Emergent Group Inc)

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Changes in Financial Condition. Since the date of the annual March 31, 1998 financial statements referenced in Section 6.6, there has been no change in the assets, liabilities, or financial condition of the Borrower or the Guarantor from that set forth or reflected in the fiscal year-end balance sheet referred to in Section 6.6, other than changes in the ordinary course of business, none of which has been, either in any case or in the aggregate, materially adverse.

Appears in 1 contract

Samples: Loan and Security Agreement (Homegold Financial Inc)

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