Common use of Post-Financial Developments Clause in Contracts

Post-Financial Developments. In the event that either of the letters to be delivered pursuant to Sections 7.(e) and 7.(f) above sets forth any changes, decreases or increases, it shall be a further condition to your obligations that you shall have reasonably determined, after discussions with officers of the Company responsible for financial and accounting matters and with Xxxxxxxxxx, Chiarelli, Shuster, Berkower & Co. LLP, that such changes, decreases or increases as are set forth in such letter do not reflect a material adverse change in the capital stock, long-term debt, obligations under capital leases, total assets, net current assets, or shareholders’ equity of the Company as compared with the amounts shown in the latest consolidated pro forma balance sheet of the Company, or a material adverse change in the revenues or operating income before interest, depreciation and amortization for the Company in each case as compared with the corresponding period of the prior year.

Appears in 2 contracts

Samples: Tai Shan Communications, Inc., Tai Shan Communications, Inc.

AutoNDA by SimpleDocs

Post-Financial Developments. In the event that either of the --------------------------- letters to be delivered pursuant to Sections 7.(e7(e) and 7.(f7(f) above sets forth any changes, decreases or increases, it shall be a further condition to your the Selling Agent's obligations that you it shall have reasonably determined, after discussions with officers of the Company and the Trust responsible for financial and accounting matters and with XxxxxxxxxxPoti, ChiarelliXxxxxx & Associates, Shuster, Berkower & Co. LLPP.C., that such changes, decreases or increases as are set forth in such letter do not reflect a material adverse change in the capital stock, long-term debt, obligations under capital leases, total assets, net current assets, or shareholders' equity of the Company as compared with the amounts shown in the latest consolidated pro forma balance sheet of the Company, or a material adverse change in the revenues or operating income before interest, depreciation and amortization for the Company in each case as compared with the corresponding period of the prior year.

Appears in 1 contract

Samples: Selling Agency Agreement (Commonwealth Bankshares Inc)

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