Internal Financial Statements definition

Internal Financial Statements means the most recent annual or quarterly financial statements of the Borrower that are internally available at the Borrower.
Internal Financial Statements has the meaning set forth in Section 4.04.
Internal Financial Statements means the internal financial statements of the Borrower, balance sheet, and income statement, prepared in accordance with NIFs, attaching analytical lists of its main control accounts, with information as of the closing of the months of December, March, June, and September, respectively, during the term of the Loan, and as long as there is an outstanding balance owed by the Borrower.

Examples of Internal Financial Statements in a sentence

  • Ross Institute of Accounting Research, New York University, 1976.6) "Internal Financial Statements," (co-authored with others), S.D. Leidesdorf & Co., 1977.

  • Management’s Responsibility for the Internal Financial Statements The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India.

  • The fourth quarter 2012-13 Internal Financial Statements were presented to Union Bank.

  • The University’s Internal Financial Statements (Appendix B) that are used for budgeting purposes report a different bottom line operating surplus (deficit) than the Audited Financial Statements (Appendix A) due to differences in the treatment of capital expenditures and the deficit recorded for Coady and Extension.

  • The University’s Internal Financial Statements (Appendix B) that are used for budgeting purposes report a different bottom line operating surplus (deficit) than the Audited Financial Statements (Appendix A) due to differences in the treatment of capital expenditures.


More Definitions of Internal Financial Statements

Internal Financial Statements has the meaning set forth in Section 3.06 (Financial Statements).
Internal Financial Statements means unaudited consolidated financial statements of Borrower and its consolidated Subsidiaries internally prepared in good faith in the ordinary course of business presenting fairly in all material respects the financial condition, results of operations and changes in cash flows of Borrower and its consolidated Subsidiaries in accordance with GAAP (subject only to normal fiscal period-end accounting adjustments and the absence of footnotes), and fully consistent with the audited financial statements of Borrower and its consolidated Subsidiaries delivered pursuant to Section 10.1.2(a).
Internal Financial Statements means, as the context may require, the unaudited internal financial statements of each of the Companies at and for the year ended and at December 31, 2001.
Internal Financial Statements is defined in Section 4.8.
Internal Financial Statements is defined in Section 6.7(a).
Internal Financial Statements. THE DEBTOR and each of THE GUARANTORS shall submit to THE CREDITOR on a quarterly basis within forty-five days following the end of each quarter, their interim and internal financial statements. In the case of THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A., they shall be consolidated and consolidating. All statements shall include an affidavit by the legal representative, stating compliance with the undertakings hereunder made, including but not limited to: the respective financial ratios. Y2K PREPAREDNESS: THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A. shall submit to THE CREDITOR a statement of Y2K preparedness including a duly approved contingency plan. PAYMENT OF TAXES: THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A. shall submit on time and in the appropriate form all income tax returns and reports, and pay when due all municipal and property taxes and other government charges, or those that for any reason have been levied on their activities and real and personal property, in particular those that are securities under this instrument. THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A. shall not be required to pay said taxes while they are contesting, in good faith, their validity or amount following the appropriate legal procedures; but they shall reflect in their financial statements the reserve fund or allowance for payment thereof, if said payment has to be made. MAINTENANCE OF CERTAIN FINANCIAL RATIOS: Financial ratios will be reviewed on a quarterly basis, calculated and measured using a 12 month rolling basis, commencing with the conclusion of the first full year of operation from the date of the loan. During the term of the credit, THE DEBTOR y XXXXXXX XX XXXXX RICA, S.A., shall maintain on a consolidated basis the following financial ratios: Debt service ratio (defined as: net income + interest + depreciation + amortization/principal + payment of interest), excluding the SELF-GUARANTEED LOAN, shall not fall below the level of one point one zero (1.10) for the year 2000; one point fifteen (1.15) for the year 2001, one point twenty-five (1.25) for the year 2002 and one point five (1.50) thereafter. Interest coverage ratio (defined as: Net income + interest + depreciation + depreciation + amortization/interest payment) excluding the Self-Guaranteed Loan, shall not fall below the level of one point seven five (1.75) for the year 2000, two point zero (2.0) for the year 2001, two point five (2.5) for the year 2002 and three point zero (3.0) thereafter. Leverage Ratio (...