Common use of Financial Condition; No Adverse Change Clause in Contracts

Financial Condition; No Adverse Change. Before this Agreement was signed and delivered, the Borrower furnished the Lender its audited financial statements for its fiscal year ended June 30, 1997 and its unaudited financial statements for the fiscal year to day ending December 31, 1997, each certified by the Borrower. Those statements fairly present the Borrower's financial condition as of the dates indicated therein and the results of its operations for the periods then ended and were prepared in accordance with GAAP. Since the date of the most recent financial statements, there has been no material adverse change in the business, properties or condition (financial or otherwise) of the Borrower.

Financial Condition; No Adverse Change. Before this Agreement was signed and delivered, the Borrower furnished the Lender its audited financial statements for its fiscal year ended June 30August 31, 1997 1996 and its unaudited financial statements for the fiscal year to day date ending December 31April 30, 1997, each certified by the Borrower. Those statements fairly present the Borrower's financial condition as of the dates indicated therein and the results of its operations for the periods then ended and were prepared in accordance with GAAP. Since the date of the most recent financial statements, there has been no material adverse change in the business, properties or condition (financial or otherwise) of the Borrower.

Financial Condition; No Adverse Change. Before this Agreement was signed and delivered, the Borrower furnished the Lender its audited financial statements for its fiscal year ended June 30, 1997 1996 and its unaudited financial statements for the fiscal year to day ending December March 31, 1997, each certified by the Borrower. Those statements fairly present the Borrower's financial condition as of the dates indicated therein and the results of its operations for the periods then ended and were prepared in accordance with GAAP. Since the date of the most recent financial statements, there has been no material adverse change in the business, properties or condition (financial or otherwise) of the Borrower.