Common use of No Material Deterioration in Financial Condition; Financial Statements Clause in Contracts

No Material Deterioration in Financial Condition; Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Eloqua, Inc.), Loan Modification Agreement (Eloqua, Inc.)

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No Material Deterioration in Financial Condition; Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operationsoperations as of and for the periods set forth therein. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Reval Holdings Inc)

No Material Deterioration in Financial Condition; Financial Statements. All As of the Effective Date and as and when required by Section 3.2 hereof, all consolidated financial statements for of Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition condition, taken as a whole since the date of the most recent financial statements submitted to Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

No Material Deterioration in Financial Condition; Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank Lenders fairly present present, in all material respects Borrower’s the consolidated financial condition of Borrower and Borrower’s its Subsidiaries and the consolidated results of operationsoperations of Borrower and its Subsidiaries. There has not been any material deterioration in Borrower’s the consolidated financial condition of Borrower and its Subsidiaries since the date of the most recent financial statements submitted to BankLenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Anacor Pharmaceuticals Inc)

No Material Deterioration in Financial Condition; Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition condition, taken as a whole since the date of the most recent financial statements submitted to Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

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No Material Deterioration in Financial Condition; Financial Statements. All As of the Effective Date, all consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank Lenders fairly present present, in all material respects Borrower’s the consolidated financial condition of Borrower and Borrower’s its Subsidiaries and the consolidated results of operationsoperations of Borrower and its Subsidiaries. There has not been any material deterioration in Borrower’s the consolidated financial condition of Borrower and its Subsidiaries since the date of the most recent financial statements submitted to BankLenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Supernus Pharmaceuticals Inc)

No Material Deterioration in Financial Condition; Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank Lenders fairly present present, in all material respects Borrower’s 's consolidated financial condition and Borrower’s 's consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank.of

Appears in 1 contract

Samples: Loan and Security Agreement (Tranzyme Inc)

No Material Deterioration in Financial Condition; Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank Lenders fairly present present, in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to BankLenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Tranzyme Inc)

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