Common use of Condition of the Borrower Clause in Contracts

Condition of the Borrower. (i) The consolidated balance sheet of the Borrower and its Subsidiaries as at October 26, 2002, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended, copies of which have been previously furnished to each Bank, fairly present the consolidated financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently applied, and (ii) since October 26, 2002, there has been no material adverse change in the business, condition (financial or otherwise), results of operations or prospects of the Borrower and its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/)

AutoNDA by SimpleDocs

Condition of the Borrower. (i) The consolidated balance sheet of the Borrower and its Subsidiaries as at October 2630, 20021999, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended, copies of which have been previously furnished to each Bank, fairly present the consolidated financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently applied, and (ii) since October 2630, 20021999, there has been no material adverse change in the business, condition (financial or otherwise), results of operations or prospects of the Borrower and its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Hormel Foods Corp /De/)

Condition of the Borrower. (i) The consolidated balance sheet of the Borrower and its Subsidiaries as at October 2630, 20022004, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended, copies of which have been previously furnished to each Bank, fairly present the consolidated financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently applied, and (ii) since October 2630, 20022004, there has been no material adverse change in the business, condition (financial or otherwise), results of operations or prospects of the Borrower and its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/)

AutoNDA by SimpleDocs

Condition of the Borrower. (i) The consolidated balance sheet of the Borrower and its Subsidiaries as at October 2628, 20022000, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended, copies of which have been previously furnished to each Bank, fairly present the consolidated financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently applied, and (ii) since October 2628, 20022000, there has been no material adverse change in the business, condition (financial or otherwise), results of operations or prospects of the Borrower and its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!