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 certain of its unaudited financial statements 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 generally accepted accounting principles. 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.

Appears in 2 contracts

Samples: Credit and Security Agreement (Digital Biometrics Inc), Credit and Security Agreement (Magnum Resources Inc /De/)

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Financial Condition; No Adverse Change. Before this Agreement was signed and delivered, the Borrower furnished the Lender certain of its unaudited financial statements 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 period ended March 31, 1999 and were prepared in accordance with generally accepted accounting principles. Since the date of the most recent financial statementsMarch 31, 1999, there has been no material adverse change in the business, properties or condition (financial or otherwise) of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Vicom Inc)

Financial Condition; No Adverse Change. Before this Agreement was signed and delivered, the Borrower furnished the Lender certain of its audited and unaudited financial statements 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 generally accepted accounting principles. 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.

Appears in 1 contract

Samples: Credit and Security Agreement (Lectec Corp /Mn/)

Financial Condition; No Adverse Change. Before this Agreement was signed and delivered, the Borrower furnished the Lender lender certain of its unaudited financial statements 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 period ended March 31, 1999 and were prepared in accordance with generally accepted accounting principles. Since the date of the most recent financial statementsMarch 31, 1999, there has been no material adverse change in the business, properties or condition (financial or otherwise) of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Cima Labs Inc)

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Financial Condition; No Adverse Change. Before this Agreement was signed and delivered, the Borrower furnished the Lender certain of its unaudited audited financial statements 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 generally accepted accounting principles. 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.

Appears in 1 contract

Samples: Credit and Security Agreement (Rsi Systems Inc/Mn)

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