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

Financial Condition; No Adverse Change. The Borrower has -------------------------------------- heretofore furnished to the Lender its unaudited financial statements for its fiscal year ended August 31, 2000 and its unaudited financial statements for the months ended September 30, 2000 and October 31, 2000 and those statements fairly present in all material respects the Borrower's financial condition 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 financial statements, there has been no material adverse change in the Borrower's business, properties or condition (financial or otherwise).

Appears in 2 contracts

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement (Rf Monolithics Inc /De/)

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Financial Condition; No Adverse Change. The Borrower has -------------------------------------- heretofore furnished to the Lender its unaudited audited financial statements for its fiscal year ended August December 31, 2000 2003 and its unaudited financial statements for the months fiscal-year-to-date period ended September June 30, 2000 and October 31, 2000 2003 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 principles. Since the date of the most recent financial statements, there has been no material adverse change in the Borrower's businessfinancial condition, properties or condition (financial operations of Borrower or otherwise)any of its Affiliates.

Appears in 1 contract

Samples: Credit and Security Agreement (Schuff International Inc)

Financial Condition; No Adverse Change. The Borrower has -------------------------------------- heretofore furnished to the Lender its unaudited audited financial statements of the Borrower for its fiscal year ended August 31June 30, 2000 1999 and its unaudited financial statements of the Borrower for the months fiscal year-to-date period ended September 30, 2000 and October 311999, 2000 and those statements fairly present in all material respects the Borrower's financial condition 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 financial statements, there has been no material adverse change in the Borrower's business, properties or condition (financial or otherwise).

Appears in 1 contract

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

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Financial Condition; No Adverse Change. The Borrower has -------------------------------------- heretofore furnished to the Lender its unaudited compiled financial statements for its the fiscal year ended August December 31, 2000 and its unaudited financial statements for the months fiscal year-to-date period ended September November 30, 2000 and October 31, 2000 2001 and those statements fairly present in all material respects the Borrower's financial condition of 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 Except as set forth on Schedule 5.5, since the date of the most recent financial statements, there has been no material adverse change in the Borrower's business, properties or condition (financial or otherwise)) of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Allis Chalmers Corp)

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