Common use of Financial Condition; Financial Statements Clause in Contracts

Financial Condition; Financial Statements. (a) On the Funding Date, the Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries at the dates of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly fairly, in all material respects respects, the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries its Subsidiaries, in each case, at the respective dates thereof and their consolidated results of such information and operations for the period respective periods covered thereby and have been prepared in accordance with GAAP consistently applied throughout the periods covered thereby, except to the extent provided in the notes thereto, if any, as otherwise expressly noted therein (subject, in the case of the any unaudited financial information, Historical Financial Statements to changes resulting from audit, normal year year-end audit adjustments and to the absence of footnotes).

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined its consolidated Subsidiaries at the dates date of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year year-end audit adjustments and to the absence of footnotes. Since the December 31, 2011, there has been no Material Adverse Effect.

Financial Condition; Financial Statements. (a) On the Funding Initial Closing Date, the Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries at the dates of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined its consolidated Subsidiaries at the dates date of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes. Since December 31, 2013, there has been no Material Adverse Effect.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined its consolidated Subsidiaries at the dates date of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes. Since the Closing Date, there has been no Material Adverse Effect.

Financial Condition; Financial Statements. (a) On the Funding Effective Date, the Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries at the dates of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited interim financial information, to changes resulting from audit, normal year year-end audit adjustments and to the absence of footnotes.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly fairly, in all material respects respects, the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries its Subsidiaries’, in each case, at the respective dates thereof and their consolidated results of such information and operations for the period respective periods covered thereby and have been prepared in accordance with GAAP consistently applied throughout the periods covered thereby, except to the extent provided in the notes thereto, if any, as otherwise expressly noted therein (subject, in the case of the any unaudited financial information, Historical Financial Statements to changes resulting from audit, normal year year-end audit adjustments and to the absence of footnotes).

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined its consolidated Subsidiaries at the dates date of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes. Since the Petition Date, there has been no Material Adverse Effect.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly in all material respects the combined consolidated financial position of each of the Borrower and the combined its consolidated Subsidiaries and Stone Energy and its consolidated Subsidiaries at the dates date of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year year-end audit adjustments and to the absence of footnotes.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries at the dates of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries at the dates of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes.

Financial Condition; Financial Statements. (a) On the Funding Closing Date, the Historical Financial Statements present fairly in all material respects the combined consolidated financial position of the Borrower and the combined consolidated Subsidiaries at the dates of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes thereto, if any, subject, in the case of the unaudited financial information, to changes resulting from audit, normal year end audit adjustments and to the absence of footnotes.

Financial Condition; Financial Statements. (a) On the Funding Date, the The Historical Financial Statements Statements, together with the notes thereto, present fairly in all material respects the combined consolidated financial position of the Borrower and the combined its consolidated Subsidiaries at the dates date of such information and for the period covered thereby and have been prepared in accordance with GAAP consistently applied except to the extent provided in the notes theretoapplied, if any, subject, in the case of the unaudited financial information, subject to changes resulting from audit, normal year year-end audit adjustments and to the absence of footnotes.