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

No Material Adverse Change in Financial Condition. All financial statements relating to Borrower that have been delivered by Borrower to Foothill have been prepared in accordance with GAAP and fairly present Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended. There has not been a material adverse change in the financial condition of Borrower since the date of the latest financial statements submitted to Foothill on or before the Closing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mednet MPC Corp), Loan and Security Agreement (Image Entertainment Inc)

AutoNDA by SimpleDocs

No Material Adverse Change in Financial Condition. All financial statements relating to Borrower that have been delivered by Borrower to Foothill People's have been prepared in accordance with GAAP and fairly present Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended. There As of the date hereof, there has not been a material adverse change in the financial condition of Borrower since the date of the latest financial statements submitted to Foothill People's on or before the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Millbrook Press Inc)

AutoNDA by SimpleDocs

No Material Adverse Change in Financial Condition. All financial statements relating to Borrower or any guarantor of the Obligations that have been or may hereafter be delivered by Borrower to Foothill have been prepared in accordance with GAAP and fairly present Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended. There has not been a material adverse change in the financial condition of Borrower since the date of the latest financial statements submitted to Foothill on or before the Closing Date.

Appears in 1 contract

Samples: Security Agreement (Morellis Nona Ii Inc)

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