Common use of CORRECTNESS OF FINANCIAL STATEMENT Clause in Contracts

CORRECTNESS OF FINANCIAL STATEMENT. The annual consolidated and consolidating financial statement of Guarantor dated December 31, 2011, and all interim financial statements delivered to Bank since said date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct in all material respects and present fairly the consolidated financial condition of Guarantor, (b) disclose all consolidated liabilities of Guarantor that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) have been prepared in accordance with generally accepted accounting principles consistently applied. Since the dates of such financial statements there has been no material adverse change in the financial condition of Guarantor or Borrower, nor has Guarantor or Borrower mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The annual consolidated and consolidating financial statement of Guarantor Borrower and its consolidated Subsidiaries dated December 31, 20112017, and all interim financial statements delivered to Bank since said date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct in all material respects and present fairly the consolidated financial condition of GuarantorBorrower and its consolidated Subsidiaries, (b) disclose all consolidated any material liabilities of Guarantor Borrower and its consolidated Subsidiaries that are required to be reflected or reserved against under generally accepted accounting principlesGAAP, whether liquidated or unliquidated, fixed or contingent, and (c) have been prepared in accordance with generally accepted accounting principles consistently appliedGAAP. Since the dates of such financial statements there has been no material adverse change in the financial condition of Guarantor or BorrowerMaterial Adverse Effect, nor has Guarantor Borrower or Borrower any of its consolidated Subsidiaries mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The annual consolidated and consolidating financial statement of Guarantor Borrower and Subsidiaries dated December 3129, 20112006, and all interim financial statements delivered to Bank since said date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct in all material respects and present fairly the consolidated financial condition of GuarantorBorrower and Subsidiaries, (b) disclose all consolidated liabilities of Guarantor Borrower and Subsidiaries that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) have been prepared in accordance with generally accepted accounting principles consistently applied. Since the dates of such financial statements there has been no material adverse change in the financial condition of Guarantor Borrower or Borrowerany Subsidiary, nor has Guarantor Borrower or Borrower any Subsidiary mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The annual consolidated and consolidating financial statement of Guarantor Borrower dated December May 31, 20112010, and all interim financial statements delivered to Bank since said such date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct in all material respects and present fairly the consolidated financial condition of Borrower and each Subsidiary Guarantor, (b) disclose all consolidated liabilities of Borrower and each Subsidiary Guarantor that are required to be reflected or reserved against under generally accepted accounting principlesGAAP, whether liquidated or unliquidated, fixed or contingent, and (c) have been prepared in accordance with generally accepted accounting principles GAAP consistently applied. Since the dates of such financial statements there has been no material adverse change in the financial condition of Guarantor Borrower or Borrowerany Subsidiary Guarantor, nor has Borrower or any Subsidiary Guarantor or Borrower mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.