Initial Financial Statement definition

Initial Financial Statement shall have the meaning set forth in Section 3.5.

Initial Financial Statement means the financial statement of Borrower dated as of December 31, 2009, a copy of which has heretofore been delivered by Borrower to Lender.

Initial Financial Statement means the financial statement of Borrower for the Fiscal Year ended December 31, 2007 and Fiscal Quarter ended June 30, 2008, a copy of which has heretofore been delivered by Borrower to BOTW.

Examples of Initial Financial Statement in a sentence

• The Initial Financial Statement fairly presents Borrower’s financial position at the date thereof.

• The Initial Financial Statement should be prepared on a basis consistent with generally accepted accounting principles in the United States and the Company's audited financial statements.

• Since the date of the Initial Financial Statements, no events have occurred which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect on the financial condition of Borrower or Guarantor as disclosed in the Initial Financial Statement of such Person.

• Borrower has no outstanding Debt of any kind (including contingent obligations, tax assessments, and unusual forward or long-term commitments) which is not shown in the Initial Financial Statement or which has not been previously disclosed in writing to Lender.

• Borrower has not incurred, created, contracted for, assumed, guaranteed or is not otherwise liable in respect of any Indebtedness other than disclosed on the Initial Financial Statement or trade payable incurred in the ordinary course of business.

• Guarantor has not incurred Indebtedness other than that disclosed on the Initial Financial Statement of such Person.

• Since the date of the Initial Financial Statement, no material adverse change has occurred in Borrower’s financial condition or business.

• Within 10 Business Days, the Expert shall calculate each Disputed Matter in the Initial Financial Statement and deliver a report to the Company and the Existing Shareholders.

• Since the date of the Initial Financial Statement, the Borrower has continued to engage in substantially the same business as that in which it was then engaged and is engaged in no unrelated business.

• At the date hereof, the Borrower has no Indebtedness or other material liabilities, debts or obligations, whether accrued, absolute, contingent or otherwise, and whether due or to become due, including, but not limited to, liabilities or obligations on account of taxes or other governmental charges, that are not set forth on the Initial Financial Statement or on EXHIBIT C hereto.

More Definitions of Initial Financial Statement

Initial Financial Statement is defined in Section 5.5(i) of the Participation Agreement.

Initial Financial Statement means Guarantor’s financial statements most recently delivered to Buyer on or prior to the date hereof.

Initial Financial Statement. Shall have the meaning ascribed thereto in Section 5.7.

Initial Financial Statement has the meaning specified in Section 5.6 --------------------------- hereof.

Initial Financial Statement means the financial statements of Guarantor and Borrower dated as of December 31, 2009, copies of which have heretofore been delivered by Guarantor and Borrower to BOK.