Common use of CORRECTNESS OF FINANCIAL STATEMENT Clause in Contracts

CORRECTNESS OF FINANCIAL STATEMENT. The financial statement of Borrower dated March 31, 2004, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly the financial condition of Borrower as of Xxxxx 00, 0000, (x) discloses all liabilities of Borrower that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, as of March 31, 2004, and (c) has been prepared in accordance with generally accepted accounting principles consistently applied. Since the date of such financial statement there has been no material adverse change in the financial condition of Borrower, nor has 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 financial statement statements of Borrower dated March as of December 31, 20042003 and for the periods then ended, a true copy of which has have been delivered by Borrower to Bank prior to the date hereof, (a) is are complete and correct and presents present fairly the financial condition of Borrower as of Xxxxx 00, 0000Borrower, (xb) discloses disclose all liabilities of Borrower that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, as of March 31, 2004, and (c) has have been prepared in accordance with generally accepted accounting principles consistently applied. Since the date of such financial statement statements there has been no material adverse change in the financial condition of Borrower, nor has 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 financial statement of Borrower dated March 31, 20041997, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly in all material respects the financial condition of Borrower as of Xxxxx 00, 0000Borrower, (xb) discloses all liabilities of Borrower that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, as of March 31, 2004, and (c) has been prepared in accordance with generally accepted accounting principles consistently applied, except as otherwise disclosed by Borrower therein. Since the date of such financial statement there has been no material adverse change in the financial condition of Borrower, nor has 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 financial statement of ---------------------------------- Borrower dated March 31June 30, 20041998, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly the financial condition of Borrower as of Xxxxx 00, 0000Borrower, (xb) discloses all liabilities of Borrower that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, as of March 31, 2004, and (c) has been prepared in International Network Services August 14, 1998 Page 5 accordance with generally accepted accounting principles consistently applied. Since the date of such financial statement there has been no material adverse change in the financial condition or operation of Borrower, nor has 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 financial statement of Borrower dated March 31, 20042002, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly the financial condition of Borrower as of Xxxxx 00, 0000and its Subsidiary, (xb) discloses all liabilities of Borrower and its Subsidiary that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, as of March 31, 2004, and (c) has been prepared in accordance with generally accepted accounting principles consistently applied. Since the date of such financial statement there has been no material adverse change in the financial condition or operation of BorrowerBorrower or its Subsidiary, nor has Borrower or the its Subsidiary mortgaged, pledged, granted a security interest in or otherwise encumbered any of its their assets or properties except in favor of Bank or as otherwise permitted by Bank in writingwriting or under this letter.