Financial Statements of Borrower. The (a) audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries as of December 31, 2008 and December 31, 2009, and (b) unaudited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of March 31, 2010, in each case, together with the related unaudited statements of income, shareholders’ equity and cash flows for the three-month period then ended fairly present the financial position of the Borrower and its Consolidated Subsidiaries as at the dates indicated and the results of operations and cash flows for the periods indicated in conformity with GAAP subject to normal year-end adjustments in the case of such quarterly financial statements.
Financial Statements of Borrower. The audited balance sheet of the Borrower and its Consolidated Subsidiaries as at December 31, 2008 and December 31, 2009, and the related consolidated statements of income and of cash flows for the fiscal years ended on such date (the “Consolidated Financial Statements”), fairly present the financial condition of the Borrower and its Consolidated Subsidiaries as of the dates indicated and the results of operations and cash flows for the periods indicated in conformity with GAAP.
Financial Statements of Borrower. The financial statements of Borrower referred to in Section 5.6 includes as liabilities of the Borrower, all Recourse Obligations existing as of the date hereof, whether or not Borrower is described as the borrower or obligor with respect thereto. Each financial statement of Borrower which is hereafter delivered in accordance with Section 8.1 includes as liabilities of the Borrower, all then existing Recourse Obligations, whether or not Borrower is described as the borrower or obligor with respect thereto. No Non-Authority Property is described as an asset of Borrower on any balance sheet or other financial statement of Borrower provided to the Administrative Agent or the Lenders.
Financial Statements of Borrower. (a) The unaudited pro forma balance sheet of the Borrower and its Consolidated Subsidiaries as at March 31, 2006 (including the notes thereto) (the “Pro Forma Balance Sheet”), copies of which have heretofore been furnished to each Lender, has been prepared giving effect (as if such events had occurred on such date) to (i) the consummation of the Spin-Off, (ii) the Loans to be made on the Closing Date and the use of proceeds thereof, (iii) the Loans made under the Interim Term Loan Agreement and the use of proceeds thereof and (iv) the payment of fees and expenses in connection with the foregoing. The Pro Forma Balance Sheet has been prepared based on the best information available to the Borrower as of the date of delivery thereof, and presents fairly on a pro forma basis the estimated financial position of the Borrower and its Consolidated Subsidiaries as at March 31, 2006, assuming that the events specified in the preceding sentence had actually occurred at such date. It is understood that the Pro Forma Balance Sheet is not necessarily indicative of the financial condition that would have resulted had the transactions described above occurred on the indicated date.
Financial Statements of Borrower. (i) for each fiscal year of such reporting party, as soon as reasonably practicable and in any event within one hundred twenty (120) days after the close of each fiscal year, and (ii) for each of the first three fiscal quarters of each fiscal year of such reporting party, as soon as reasonably practicable and in any event within sixty (60) days after the close of each such fiscal quarter.
Financial Statements of Borrower. The (a) revised audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries as of December 31, 1998 and the audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries as of December 31, 1999, and (b) unaudited consolidated balance sheets of the Borrower and its Consolidated Subsidiaries as of March 31, 2000 and June 30, 2000, together with the related unaudited statements of income, shareholders' equity and cash flows for such periods, fairly present the financial condition of the Borrower and its Consolidated Subsidiaries as at the dates indicated and the results of operations and cash flows for the periods indicated in conformity with GAAP subject to normal year-end adjustments in the case of the March 31, 2000 and June 30, 2000 financial statements.
Financial Statements of Borrower. (i) The (a) audited consolidated balance sheets of HFS Incorporated and its Consolidated Subsidiaries as of December 31, 1995 and December 31, 1996, and (b) unaudited consolidated balance sheets of HFS Incorporated and its Consolidated Subsidiaries as of March 31, 1997 and June 30, 1997, together with the related unaudited statements of income, shareholders' equity and cash flows for such periods, fairly present the financial condition of HFS Incorporated and its Consolidated Subsidiaries as at the dates indicated and the results of operations and cash flows for the periods indicated in conformity with GAAP subject to normal year-end adjustments in the case of the March 31, 1997 and June 30, 1997 financial statements.
Financial Statements of Borrower. Borrower will furnish to CNB on acontinuing basis:
Financial Statements of Borrower. (i) The audited consolidated balance sheets of the Borrower for its fiscal years ended on December 31, 2002, 2003, and 2004 and the related audited consolidated statements of income, cash flows and shareholders’ equity of the Borrower for the fiscal years ended on such dates, as the case may be, copies of which were furnished to the Lenders prior to the Closing Date, present fairly in all material respects the consolidated financial position of the Borrower at the dates of such balance sheets and the consolidated results of the operations of the Borrower for the periods covered thereby. All of the foregoing financial statements have been prepared in accordance with GAAP consistently applied.
Financial Statements of Borrower. Borrower has furnished -------------------------------- to Lender the financial statements of Borrower for its fiscal year ended December 31, 1993, consisting of balance sheets and statements of income and retained earnings and changes in financial position for the years then ended, certified by the chief financial officer of Borrower's general partner as being true, complete, and correct; the foregoing financial statements are true and correct and contain no material misstatement or omission, and fairly present financial position, assets, and liabilities of Borrower as of the respective dates thereof and the results of its operations for the respective periods then ended; since the respective dates of the foregoing financial statements, there has been no material adverse change in the assets, liabilities, financial position, or results of operations of Borrower; and Borrower has not incurred any obligation or liability which would materially and adversely affect its business operations or its interest in the Trust Estate.
