Common use of Initial Financial Statements Clause in Contracts

Initial Financial Statements. The Initial Financial Statements fairly present Borrower's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower's operations and Borrower's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no material adverse change has occurred in Borrower's financial condition or businesses or in Borrower's Consolidated financial condition or businesses, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Initial Financial Statements. The Initial Financial Statements fairly present Borrower's Consolidated financial position at the respective dates date thereof and the Consolidated results of Borrower's operations and Borrower's Consolidated cash flows for the respective periods period thereof. Since the date of the audited annual Initial Financial Statements no material adverse change has occurred in Borrower's financial condition or businesses or in Borrower's Consolidated financial condition or businesses, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Initial Financial Statements. The Initial Financial Statements ---------------------------- fairly present Borrower's Consolidated financial position at the respective dates date thereof and the Consolidated results of Borrower's operations and Borrower's Consolidated cash flows for the respective periods period thereof. Since the date of the audited annual Initial Financial Statements no material adverse change has occurred in Borrower's financial condition or businesses or in Borrower's Consolidated financial condition or businesses, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Initial Financial Statements. The Initial Financial Statements fairly present in all material respects Borrower's ’s Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower's ’s operations and Borrower's ’s Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no material adverse change Material Adverse Change has occurred in Borrower's financial condition or businesses or in Borrower's Consolidated financial condition or businessesoccurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Initial Financial Statements. The Initial Financial Statements fairly present Borrower's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower's Consolidated operations and Borrower's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no material adverse change has occurred in Borrower's financial condition or businesses or in Borrower's Consolidated financial condition or businessesbusiness, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All The Initial Financial Statements were prepared in accordance with GAAP.

Initial Financial Statements. The Initial Financial Statements fairly present in all material respects the Borrower's ’s Consolidated financial position at the respective dates thereof and the Consolidated results of the Borrower's ’s operations and the Borrower's ’s Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no material adverse change Material Adverse Change has occurred in Borrower's financial condition or businesses or in Borrower's Consolidated financial condition or businessesoccurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Initial Financial Statements. The Initial Financial Statements fairly present Borrower's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower's Consolidated operations and the changes in Borrower's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no material adverse change has occurred in Borrower's financial condition or businesses or in Borrower's Consolidated financial condition or businesses, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.