Subsidiary Financial Statements. The financial statements of the ------------------------------- Company's Subsidiaries included in the Registration Statement and the Prospectuses, together with the related schedules and notes, present fairly in all material respects the financial position of such Subsidiaries and their respective consolidated Subsidiaries at the dates indicated and the statement of operations, stockholders' equity and cash flows of such Subsidiaries and their respective consolidated subsidiaries for the periods specified; said financial statements have been prepared in conformity with GAAP applied on a consistent basis throughout the periods involved.
Subsidiary Financial Statements. At the same time as the financial statements delivered under subsections (a) and (b) above, a balance sheet, statement of income and statement of cash flows for each Subsidiary of the Parent Borrower in form reasonably satisfactory to the Agent.
Subsidiary Financial Statements. Domestic:
Subsidiary Financial Statements. The Subsidiaries have delivered to ITI- Nev as Exhibit 2.7 their audited balance sheets as of December 31, 1997, the Subsidiaries' audited income statement and cash flows for the year then ended and the Subsidiaries' unaudited balance sheet as of April 30, 1998 (the "Subsidiary Balance Sheet Date") and the Subsidiaries' unaudited income statement for the period from January 1, 1998 through April 30, 1998 (collectively, the "Subsidiary Financial Statements"). The Subsidiary Financial Statements (a) are in accordance with the books and records of the Subsidiaries and (b) fairly and accurately represent the financial condition of the Subsidiaries at the respective dates specified therein and the results of operations for the respective periods specified therein in conformity with generally accepted accounting principles applied on a consistent basis (subject to normal year end adjustments). Except as noted in the Disclosure Letter, since the Subsidiary Balance Sheet Date, the Subsidiaries have not incurred any debt, liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due, except for those incurred in the ordinary course of the Subsidiaries' business, consistent with past practice that are not material in amount either individually or collectively.
Subsidiary Financial Statements. If prepared and available to Borrower, as soon as available, a management prepared statement of operations, shareholders' equity and cash flows of such Subsidiary, all in reasonable detail and certified by a Responsible Officer of such Subsidiary that they are complete and correct and fairly present the financial position for such period.
Subsidiary Financial Statements. The Issuer shall deliver to the holder (a) statutory audited consolidated financial statements for each of FMCC, Ford South Africa and Volvo, (b) statutory audited annual statements for each of Ford Argentina, Ford Canada, Grupo Ford and Ford Mexico and (c) during any period when the Capital Stock of any other Foreign Pledgee has an Eligible Value of greater than $0, the statutory audited annual financial statements for such Foreign Pledgee (commencing with the statements that have been used as the basis for such Eligible Value), in each case, promptly after the same become available; provided that the failure to deliver such financial statements shall not otherwise constitute a default or an event of default hereunder.
Subsidiary Financial Statements. The Borrower shall deliver (i) statutory audited consolidated annual financial statements for each of FMCC, Ford South Africa and Volvo, (ii) statutory audited annual financial statements for each of Ford Argentina, Ford Canada, Grupo Ford and Ford Mexico and (iii) during any period when the Capital Stock of any other Foreign Pledgee has an Eligible Value of greater than $0, the statutory audited annual financial statements for such Foreign Pledgee (commencing with the statements that have been used as the basis for such Eligible Value), in each case under clause (i), (ii) or (iii) above promptly after the same become available and only to the extent the Borrower has delivered to the Administrative Agent, or is required to deliver, such financial statements under the Existing Credit Agreement; provided that, if any such financial statements are not delivered within 240 days after the end the fiscal year of the relevant Subsidiary, the Eligible Value of the Capital Stock of such Person (or, in the case of Grupo Ford, the Eligible Value of the Grupo Ford Intercompany Note) shall be deducted from the Borrowing Base until such statements have been delivered to the Administrative Agent, but the failure to deliver such financial statements shall not otherwise constitute a Default or an Event of Default hereunder.
Subsidiary Financial Statements. Schedule 3(d) contains the Subsidiary Financial Statements. The Subsidiary Financial Statements and financial information contained therein present fairly the financial condition of Subsidiary for the periods covered (subject, in the case of unaudited statements, to normal year-end audit adjustments which will not be material to Subsidiary, taken as a whole, in amount or effect). The Subsidiary Financial Statements have been prepared in accordance with generally accepted accounting principles, consistently applied. The books and records of Subsidiary, financial and other, are in all material respects complete and correct and have been maintained in accordance with good business and accounting practices. Prior to closing, any amounts shown in the Subsidiary Financial Statements as receivables from connect.ad, Inc., or connect.ad Services, Inc., will be written off.
Subsidiary Financial Statements. (a) Any Subsidiary of Borrower, created, acquired or coming into existence after the date hereof, shall promptly upon request by Bank, but in any event within 30 days after such Subsidiary is created, acquired or otherwise comes into existence, execute and deliver to Bank an absolute and unconditional guaranty of the timely repayment of the Loans and the due and punctual performance of the of the Obligations of Borrower, which guaranty shall be reasonably satisfactory to Bank in both form and substance. Borrower will cause any such Subsidiary to deliver to Bank, simultaneously with its delivery of such a guaranty, written evidence satisfactory to the Bank and its counsel that such Subsidiary has taken all company action necessary to duly approve and authorize its execution, delivery and performance of such guaranty and any other documents which it is required to execute.
Subsidiary Financial Statements. The Company shall deliver (a) statutory audited consolidated annual financial statements for each of FMCC, Ford South Africa, Land Rover Holdings and Volvo, (b) statutory audited annual financial statements for each of Ford Argentina, Ford Canada, Grupo Xxxx, Xxxx Mexico and Land Rover and (c) during any period when the Capital Stock of any other Foreign Pledgee has an Eligible Value of greater than $0, the statutory audited annual financial statements for such Foreign Pledgee (commencing with the statements that have been used as the basis for such Eligible Value), in each case, promptly after the same become available; provided that, if any such financial statements are not delivered within 240 days after the end the fiscal year of the relevant Subsidiary, the Eligible Value of the Capital Stock of such Person (or, in the case of Grupo Ford, the Eligible Value of the Grupo Ford Intercompany Note) shall be deducted from the Borrowing Base until such statements have been delivered to the Administrative Agent but the failure to deliver such financial statements shall not otherwise constitute a Default or an Event of Default hereunder.
