Common use of No Material Deviation in Financial Statements Clause in Contracts

No Material Deviation in Financial Statements. All consolidated financial statements for Parent and any of its Subsidiaries delivered to Bank fairly present in all material respects Parent’s consolidated financial condition and Parent’s consolidated results of operations. There has not been any deterioration in Parent’s consolidated financial condition since the date of the most recent financial statements submitted to Bank that could reasonably be expected to result in a Material Adverse Change.

Appears in 2 contracts

Samples: Loan and Security Agreement (Conexant Systems Inc), Loan and Security Agreement (Conexant Systems Inc)

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No Material Deviation in Financial Statements. All consolidated financial statements for Parent and any of its Subsidiaries delivered to Bank Lender fairly present in all material respects Parentthe Borrower’s consolidated financial condition and Parent’s consolidated results of operations. There has not been any material deterioration in Parentthe Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank that could reasonably be expected to result in a Material Adverse ChangeLender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)

No Material Deviation in Financial Statements. All consolidated financial statements for Parent and Borrowers and any of its their Subsidiaries delivered to Bank fairly present in all material respects the Parent’s and Borrowers’ consolidated financial condition and the Parent’s and Borrowers’ consolidated results of operationsoperations as of the dates of such financial statements. There has not been any material deterioration in the Parent’s or any Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank that could reasonably be expected to result in a Material Adverse ChangeBank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc), Loan and Security Agreement (Sciclone Pharmaceuticals Inc)

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No Material Deviation in Financial Statements. All consolidated financial statements for of Parent and any of its Subsidiaries delivered to Bank fairly present in all material respects Parent’s consolidated financial condition and Parent’s consolidated results of operationsoperations as of the dates and for the periods presented (except with respect to unaudited financial statements, subject to normal year-end adjustments and for tire absence of footnotes). There has not been any material deterioration in Parent’s consolidated financial condition since the date of the most recent financial statements submitted to Bank that could reasonably be expected to result in a Material Adverse ChangeBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Iwatt Inc)

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