Initial Financial Statements definition

Initial Financial Statements means (i) the audited annual Consolidated financial statements of US Borrower dated as of December 31, 2001, and (ii) the unaudited quarterly Consolidated financial statements of US Borrower dated as of March 31, 2002.

Initial Financial Statements means (a) the consolidated balance sheet of the Company as at September 30, 1996 and the related consolidated statements of income (operations), cash flows and stockholders' equity for the Company's nine-month period ended September 30, 1996, and (b) the Current Balance Sheet and the related unaudited consolidated statements of income (operations), cash flows and stockholders' equity for the nine-month period ended on the Current Balance Sheet Date.

Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.

Examples of Initial Financial Statements in a sentence

• The Initial Financial Statements present fairly, in all material respects, the financial position of the Borrower and its consolidated Subsidiaries as of such dates in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of interim financial statements.

• All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Initial Financial Statements, except as otherwise specifically prescribed herein.

• Without limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in the Initial Financial Statements for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above.

More Definitions of Initial Financial Statements

Initial Financial Statements means (a) the balance sheets of the Company as at December 31, 1997 and March 31, 1998 and the related reviewed statements of operations and retained earnings for each of the Company's two fiscal years in the period ended December 31, 1997, and (b) the Current Balance Sheet and the related statement of income for the Company's fiscal year ended December 31, 1997, which the Company has delivered to RW prior to the date hereof.

Initial Financial Statements means the (a) pro forma unaudited consolidated statements of income or operations, balance sheets, statements of retained earnings and cash flows of the Borrowers, in each case, for the fiscal year ended December 31, 2019, and (b) pro forma unaudited consolidated statements of income or operations, balance sheets, statements of retained earnings and cash flows of the Borrowers, in each case, for the fiscal quarter ended September 30, 2020.

Initial Financial Statements means (a) the audited balance sheets of the Company at December 31, 1997, and 1996 and the related audited statements of operations, stockholders' equity and cash flows for each of the Company's three fiscal years in the three-year period ended December 31, 1997, together with the related audit report of KPMG Peat Marwick LLP, and (b) the Current Balance Sheet and the related unaudited statements of operations, stockholders' equity and cash flows for the three-month period ended on the Current Balance Sheet Date.

Initial Financial Statements shall have the meaning given such term in Section 6.1 of the Credit Agreement.

Initial Financial Statements means (a) the Initial Borrower Financial Statements, (b) the Initial ETP Financial Statements and (c) the Initial Regency Financial Statements.

Initial Financial Statements means the audited annual combined financial statements of Borrower dated as of and for the period ending on December 31, 2007.

Initial Financial Statements means the audited balance sheets of the Company at December 31, 1997 and 1996 and the related audited statements of income, stockholders' equity and cash flows for each of the Company's three fiscal years in the three-year period ended December 31, 1997, together with the related audit report of Arthur Andersen LLP.