Common use of Continuous Application Clause in Contracts

Continuous Application. The Borrower must ensure that all the financial information to be provided to the Lender is determined in line with the applicable accounting principles, taking into account the principle of balance-sheet continuity and must provide an overview of the asset, financial and profit position which reflects the actual circumstances. 43

Continuous Application. The Borrower must ensure that all the financial information to be provided to the Lender is determined in line with the applicable accounting principles, taking into account the principle of balance-sheet continuity and must provide an overview of the asset, financial and profit position which reflects the actual circumstances. 43.