Monthly Financial Statement definition
Examples of Monthly Financial Statement in a sentence
Upon the commencement of any Monthly Financial Statement Delivery Period, the Borrower shall deliver to the Administrative Agent, within five (5) days following the first day of such Monthly Financial Statement Delivery Period, the foregoing financial statements for the most recently ended Fiscal Month for which financial statements would have been due prior to such date had the last day of such Fiscal Month occurred during a Monthly Financial Statement Delivery Period.
Since the Monthly Financial Statement Date, there has been no material adverse change in the consolidated business, operations or financial condition of the Financial Reporting Group taken as a whole from that set forth in said Financial Statements nor is any Seller aware of any state of facts which (without notice or the lapse of time) would or would be reasonably likely to result in any such material adverse change or would be reasonably likely to have a Material Adverse Effect.
If the estimated amounts paid to Manager shall prove to be different from the amounts shown on the Monthly Financial Statement subsequently delivered by Manager to Owner, the installments for that month shall be recomputed on the basis of the amounts so shown and appropriate adjustments shall be made (without consideration of interest on any overpayment or underpayment) in the amount of the installment otherwise due for the next succeeding month (or months, if necessary).
If such estimated amounts paid to Manager prove to be different from the amounts shown on the Monthly Financial Statement subsequently delivered by Manager to Owner, the installments for that month shall be recomputed on the basis of such statement and appropriate adjustments shall be made in the estimated amount due for the next succeeding month(s) (without consideration of interest on any overpayment or underpayment).
Since the Most Recent Monthly Financial Statement, neither Prosoft nor any of its Subsidiaries has sold or transferred any material assets except sales from inventory in the ordinary course of business, suffered any damage, destruction, or loss (whether or not covered by insurance) materially affecting its properties, business or prospects; waived any rights of substantial value; nor entered into any transaction other than in the Ordinary Course of Business.
Since the Most Recent Monthly Financial Statement, the Seller has not: sold or transferred any assets except sales from inventory in the ordinary course of business and except sales of warehouse inventory; suffered any damage, destruction, or loss (whether or not covered by insurance) materially affecting its properties, business or prospects; waived any rights of substantial value; nor entered into any transaction other than in the ordinary course of business.
The Managing Partner shall review the Company Monthly Financial Statement for each Fiscal Period, and the separate statements of income and expenses for each of the Divisions, as soon as practicable to determine the amount of Available Cash and the manner in which it should be distributed by Division and among Partners within each Division.
The parties acknowledge that the Subsequent Monthly Financial Statement and the Closing Date Balance Sheet will contain an accrual for the obligation of ProMed Pomona to pay the Physician Retention Bonuses and that , as provided in Section 4.4, on the Closing Date ProMed Pomona will have cash sufficient to cover the Physician Retention Bonuses.
Any changes in the value of Eligible Assets and the Borrowing Limit prior to the Borrowing Limit Election Date shall be effective on the date the Administrative Agent receives the Asset Coverage Test Certificate and accompanying Monthly Financial Statement, information and reports, in each case, as required by the terms of this Agreement.
Borrower has failed to comply with the Monthly Financial Statement Reporting Requirement by failing to provide its financial statements for the month ending February 28, 2005 in the manner prescribed by the Monthly Financial Statement Reporting Requirement (the “Reporting Default”).