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

Financial Condition; No Adverse Change. The Borrower has furnished to the Lender its audited financial statements for its fiscal year ended December 31, 2012 and unaudited financial statements for the fiscal-year-to-date period ended [June 30, 2013] and those statements fairly present in all material respects the financial condition of the Borrower and its Affiliates, on a consolidated basis, on the dates thereof and the results of its operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principles. Since the date of the most recent audited financial statements, there has been no material adverse change in the financial condition, properties or operations of Borrower or any of its Affiliates.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (HC2 Holdings, Inc.)

AutoNDA by SimpleDocs

Financial Condition; No Adverse Change. The Borrower has heretofore furnished to the Lender its audited financial statements for itself and its Subsidiaries for their fiscal year ended December 31, 2012 1995 and unaudited financial statements for itself and its Subsidiaries for the fiscal-fiscal year-to-date period ended [June November 30, 2013] 1996 and those statements fairly present in all material respects the Borrower's and Subsidiaries' financial condition of the Borrower and its Affiliates, on a consolidated basis, conditions on the dates thereof and the results of its their operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principles. Since the date of the most recent audited financial statements, there has been no material adverse change in the financial conditionBorrower's or any Subsidiary's business, properties or operations of Borrower condition (financial or any of its Affiliatesotherwise).

Appears in 1 contract

Samples: Credit and Security Agreement (Health Fitness Physical Therapy Inc)

Financial Condition; No Adverse Change. The Borrower has Borrowers have heretofore furnished to the Lender its their consolidated audited financial statements for its the fiscal year ended December 31, 2012 1999 and their unaudited financial statements for the fiscal-fiscal year-to-date period ended [June 30August 31, 2013] 2000 and those statements fairly present in all material respects the each Borrower's financial condition of the Borrower and its Affiliates, on a consolidated basis, on the dates thereof and the results of its operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principlesprinciples (subject in the case of the unaudited financial statements to year-end audit adjustments). Since the date of the most recent audited financial statements, there has been no material adverse change in the financial conditionany Borrower's business, properties or operations of Borrower condition (financial or any of its Affiliates.otherwise). Section 1.36

Appears in 1 contract

Samples: Credit and Security Agreement

Financial Condition; No Adverse Change. The Borrower has Borrowers have heretofore furnished to the Lender its their consolidated audited financial statements for its the fiscal year ended December 31, 2012 1999 and their unaudited financial statements for the fiscal-fiscal year-to-date period ended [June 30August 31, 2013] 2000 and those statements fairly present in all material respects the each Borrower's financial condition of the Borrower and its Affiliates, on a consolidated basis, on the dates thereof and the results of its operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principlesprinciples (subject in the case of the unaudited financial statements to year-end audit adjustments). Since the date of the most recent audited financial statements, there has been no material adverse change in the financial conditionany Borrower's business, properties or operations of Borrower condition (financial or any of its Affiliatesotherwise).

Appears in 1 contract

Samples: Credit and Security Agreement (Pemco Aviation Group Inc)

AutoNDA by SimpleDocs

Financial Condition; No Adverse Change. The Borrower --------------------------------------- has heretofore furnished to the Lender its audited financial statements for its fiscal year ended December March 31, 2012 2000 and unaudited financial statements of the Borrower for the fiscal-year-to-date nine month period ended [June 30ending December 31, 2013] 2000, and those statements fairly present in all material respects the Borrower's financial condition of the Borrower and its Affiliates, on a consolidated basis, on the dates thereof and the results of its operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principlesGAAP, subject in the case of unaudited financial statements to year-end audit adjustments and the absence of footnotes. Since the date of the most recent audited financial statements, there has been no material adverse change in the financial conditionBorrower's business, properties or operations of Borrower condition (financial or any of its Affiliatesotherwise).

Appears in 1 contract

Samples: Credit and Security Agreement (Rockshox Inc)

Financial Condition; No Adverse Change. The Borrower has Borrowers have heretofore furnished to the Lender its audited financial statements for its fiscal year ended December 31, 2012 1999, and unaudited interim financial statements for the fiscal-fiscal year-to-date period ended [June 30January 31, 2013] 2000 and those statements fairly present in all material respects the Borrowers' financial condition of the Borrower and its Affiliates, on a consolidated basis, on the dates thereof and the results of its their operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principlesprinciples except that the interim financial statements do not contain footnotes required by GAAP and are subject to normal, period-end adjustments. Since the date of the most recent audited financial statements, there has been no material adverse change in the financial conditionbusiness, properties or operations condition (financial or otherwise) of Borrower or any of its Affiliatesthe Borrowers as a whole.

Appears in 1 contract

Samples: Credit and Security Agreement (Luminant Worldwide Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.