APPROVAL OF FINANCIAL STATEMENTS. The Borrower shall deliver to the Banks a certificate in the form of Exhibit 8.01(m)(i) hereof (the "Acquisition Approval Certificate") before making a Permitted Acquisition if they desire that the cash flow of the business to be acquired during periods prior to the acquisition shall be included when they compute Cash Flow from Operations under this Agreement. The Borrower shall attach to such Acquisition Approval Certificate copies of the historical financial statements of the business to be acquired including the annual and interim balance sheets and income statements for at least three (3) fiscal years prior to the Permitted Acquisition and pro forma statements which shall include a combined balance sheet as of the acquisition date and cash flow statements for the preceding year. The pro forma statements shall set forth: (1) Consolidated Cash Flow from Operations of the Loan Parties and the acquired business, adjusted in accordance with clause (A) of the definition of Consolidated Cash Flow from Operations, for the Acquisition Income Reporting Period in connection with such Permitted Acquisition, and (2) Total Indebtedness on the date of the Permitted Acquisition after giving effect to the acquisition and the Loans to be made on such date, and (3) the ratio of the amount in clause (2) to the amount in clause (1), which ratio shall not exceed (A) 3.75 to 1.0 from and including the Convalescent Merger Effective Date through but not including the Subordinated Indebtedness Incurrence Date; and (B) 4.5 to 1.0 from and after the Subordinated Indebtedness Incurrence Date. The Acquisition Approval Certificate shall confirm the accuracy of the foregoing computations and that, after giving effect to the Permitted Acquisition and the Loans made on the date thereof, no Event of Default shall exist and the Loan Parties shall be in compliance with all of their covenants hereunder, assuming, for purposes of Borrower's financial covenants, that all items of income, expense and cash flow are reported for the Acquisition Income Reporting Period and that all balance sheet items (such as Indebtedness) are measured on the date of such Permitted Acquisition. The Loan Parties may make the Permitted Acquisition prior to receiving the Required Banks' approval of Borrower's Acquisition Approval Certificate with respect thereto; provided that the Loan Parties may not, until they have received such approval, include the cash flow of the business to be acquired for periods prior to...
APPROVAL OF FINANCIAL STATEMENTS. These financial statements were authorized for issue by the Board of Directors of the Company on February 19, 2020.
APPROVAL OF FINANCIAL STATEMENTS. These financial statements were authorised for issue by the Company’s Board of Directors on
APPROVAL OF FINANCIAL STATEMENTS. The financial statements were approved for issue by the Board of Directors on February 24 , 2020.
APPROVAL OF FINANCIAL STATEMENTS. These financial statements were authorized for issue by the Board of Directors of the Company on February 28, 2019.
APPROVAL OF FINANCIAL STATEMENTS. The financial statements were approved by the Board on 21 February 2008. I O V E R V I E W N O T E S N O T E S Designed by Xxxxx Xxxxxx Design Treasury Building Grand Canal Street Dublin 2 Ireland tel +000 0 000 0000 fax +000 0 000 0000
APPROVAL OF FINANCIAL STATEMENTS. The Purchaser shall have received the Financial Statements approved by the Purchaser’s auditors as set forth in Section 4.1(i) above.
APPROVAL OF FINANCIAL STATEMENTS. The Borrower shall deliver to the Banks a certificate in the form of Exhibit 8.01(m)(i) hereof (the "Acquisition Approval Certificate") before making a Permitted Acquisition if they desire that the cash flow of the business to be acquired during periods prior to the acquisition shall be included when they compute Cash Flow from Operations under this Agreement. The Borrower shall attach to such Acquisition Approval Certificate copies of the historical financial statements of the business to be acquired including the annual and interim balance sheets and income statements for at least three (3) fiscal years prior to the Permitted Acquisition and pro forma statements which shall include a combined balance sheet as of the acquisition date and cash flow statements for the preceding year. The pro forma statements shall set forth: (1)
APPROVAL OF FINANCIAL STATEMENTS. These interim financial statements were authorized for issue by Directors of the Company on November 13, 2020.
APPROVAL OF FINANCIAL STATEMENTS. These interim financial statements have been approved by the Company’s management on May 11,
