Common use of Current Financial Status Clause in Contracts

Current Financial Status. The financial information provided to CMC by NVPR and dated as of a date not more than thirty (30) days prior to the Closing Date (the “Financial Information”), is true and complete to the best knowledge of NVPR, and there has been no material adverse change in the assets or liabilities or in the business or condition, financial or otherwise, of NVPR or its consolidated subsidiaries and no change except in the ordinary course of business or as contemplated by this Agreement since the dates reflected in the most recent Financial Information. All tax returns and reports of NVPR required by law to be filed have been duly filed, and all taxes, assessments and other governmental charges now due (other than any still payable without penalty) upon NVPR and its subsidiaries or upon any of their properties or assets have been paid. All amounts that have been reflected as liabilities on the books of NVPR and its subsidiaries in respect of taxes are considered adequate and NVPR does not know of any actual or proposed additional assessments in respect of taxes, against either it or its subsidiaries.