Common use of Annual Opinion of Accountant Clause in Contracts

Annual Opinion of Accountant. The Borrowers shall furnish to the Lender as soon as available, but in no event more than one hundred twenty (120) days after the close of the Borrowers’ fiscal years, an opinion of the accountant who examined and certified the annual financial statement relating to the Borrowers and their Subsidiaries, which opinion shall not be qualified due to any limitations in scope imposed by Borrower or, unless the Lender has given its prior approval in writing, otherwise qualified.

Appears in 3 contracts

Samples: Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp)

AutoNDA by SimpleDocs

Annual Opinion of Accountant. The Borrowers Borrower shall furnish to the Lender as soon as available, but in no event more than one hundred twenty ninety (12090) days after the close of the Borrowers’ Borrower's fiscal years, an a letter or opinion of the accountant who examined and certified the annual financial statement relating to the Borrowers Borrower and their Subsidiariesits Subsidiaries stating whether anything in such accountant's examination has revealed the occurrence of a Default or an Event of Default hereunder, which opinion shall not be qualified due to any limitations in scope imposed by Borrower orand, unless if so, stating the Lender has given its prior approval in writing, otherwise qualifiedfacts with respect thereto.

Appears in 1 contract

Samples: Financing and Security Agreement (Cta Incorporated)

Annual Opinion of Accountant. The Borrowers Borrower shall furnish to the Lender Agent and Lenders as soon as available, but in no event more than one hundred twenty (120) days after the close of each fiscal year of the Borrowers’ fiscal yearsBorrower, an a letter or opinion of the accountant who examined and certified the annual financial statement relating to the Borrowers Borrower and their Subsidiariesits Subsidiaries stating whether anything in such accountant's examination has revealed the occurrence of a Default or an Event of Default hereunder relating to financial and accounting matters, which opinion shall not be qualified due to any limitations in scope imposed by Borrower orand, unless if so, stating the Lender has given its prior approval in writing, otherwise qualifiedfacts with respect thereto.

Appears in 1 contract

Samples: Financing and Security Agreement (Reunion Industries Inc)

Annual Opinion of Accountant. The Borrowers shall furnish to the Lender as soon as available, but in no event more than one hundred twenty ninety (12090) days after the close of the Borrowers' fiscal years, an a letter or opinion of the accountant who examined and certified the annual financial statement relating to each Borrower and its Subsidiaries stating whether anything in such accountant's examination has revealed the Borrowers and their Subsidiariesoccurrence of a Default or an Event of Default hereunder, which opinion shall not be qualified due to any limitations in scope imposed by Borrower orand, unless if so, stating the Lender has given its prior approval in writing, otherwise qualifiedfacts with respect thereto.

Appears in 1 contract

Samples: Financing and Security Agreement (Paradise Color Inc)

Annual Opinion of Accountant. The Borrowers the Borrower shall furnish to the Lender as soon as available, but in no event more than one hundred twenty (120) days after the close of each fiscal year of the Borrowers’ fiscal yearsBorrower, an a letter or opinion of the accountant who examined and certified the annual financial statement relating to the Borrowers Borrower and their Subsidiariesits Subsidiaries stating whether anything in such accountant's examination has revealed the occurrence of a Default or an Event of Default hereunder relating to financial and accounting matters, which opinion shall not be qualified due to any limitations in scope imposed by Borrower orand, unless if so, stating the Lender has given its prior approval in writing, otherwise qualifiedfacts with respect thereto.

Appears in 1 contract

Samples: Financing and Security Agreement (Chatwins Group Inc)

Annual Opinion of Accountant. The Borrowers shall furnish to the Lender as soon as available, but in no event more than one hundred twenty ninety (12090) days after the close of the Borrowers' fiscal years, an a letter or opinion of the accountant who examined and certified the annual financial statement relating to the all Borrowers and their SubsidiariesSubsidiaries stating whether anything in such accountant's examination has revealed the occurrence of a Default or an Event of Default hereunder, which opinion shall not be qualified due to any limitations in scope imposed by Borrower orand, unless if so, stating the Lender has given its prior approval in writing, otherwise qualifiedfacts with respect thereto.

Appears in 1 contract

Samples: Financing and Security Agreement (Flanders Corp)

Annual Opinion of Accountant. The Borrowers Borrower shall furnish to the Lender as soon as available, but in no event more than ninety one hundred twenty (12091) days after the close of the Borrowers’ Borrower's fiscal years, an opinion of the accountant who examined and certified the annual financial statement relating to the Borrowers Borrower and their its Subsidiaries, which opinion shall not be qualified due to any limitations in scope imposed by Borrower or, unless the Lender has given its prior approval in writing, otherwise qualified.

Appears in 1 contract

Samples: Financing Agreement (Sunrise Assisted Living Inc)

AutoNDA by SimpleDocs

Annual Opinion of Accountant. The Borrowers ---------------------------- shall furnish to the Lender as soon as available, but in no event more than one hundred twenty ninety (12090) days after the close of the Borrowers' fiscal years, an a letter or opinion of the accountant who examined and certified the annual financial statement relating to the Borrowers and their SubsidiariesSubsidiaries stating whether anything in such accountant's examination has revealed the occurrence of a Default or an Event of Default hereunder, which opinion shall not be qualified due to any limitations in scope imposed by Borrower orand, unless if so, stating the Lender has given its prior approval in writing, otherwise qualifiedfacts with respect thereto.

Appears in 1 contract

Samples: Financing and Security Agreement (Clean Towel Service Inc)

Annual Opinion of Accountant. The Borrowers Borrower shall furnish to the Lender Agent for distribution to the Lenders as soon as available, but in no event more than one hundred twenty ninety (12090) days after the close of the Borrowers’ Borrower's fiscal years, an a letter or opinion of the accountant who accounting firm which examined and certified the annual financial statement relating to the Borrowers Borrower and their Subsidiariesall Subsidiaries stating whether anything in such accounting firm's examination has revealed the occurrence of a Default or an Event of Default hereunder, which opinion shall not be qualified due to any limitations in scope imposed by Borrower orand, unless if so, stating the Lender has given its prior approval in writing, otherwise qualifiedfacts with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (BPC Holding Corp)

Annual Opinion of Accountant. The Borrowers shall furnish to the Lender as As soon as available, available but in no event more than one hundred twenty ninety (12090) days after the close of each of the Borrowers’ Borrower's fiscal years, an opinion of the independent certified public accountant who examined and certified prepared the Borrower's annual financial statement relating to the Borrowers and their Subsidiaries, which statements. The opinion shall not be qualified due acceptable to any limitations Lender in scope imposed by Borrower or, unless the Lender has given its prior approval in writing, otherwise qualifiedform and substance and shall contain no qualification that is unacceptable to Lender.

Appears in 1 contract

Samples: Credit Loan Agreement and Security Agreement (Dunn Computer Corp /Va/)

Time is Money Join Law Insider Premium to draft better contracts faster.