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 December 31, 1999, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended and (ii) the consolidated balance sheet of the Borrower and its Subsidiaries as at March 31, 2000, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal quarter then ended, in each case fairly present the financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of Borrower and its Subsidiaries for the period ended on such date, all in accordance with GAAP consistently applied, and, as of the Closing Date, there has been no material adverse change in the business, condition (financial or otherwise), operations or properties of the Borrower and its Subsidiaries, taken as a whole, since March 31, 2000, other than as disclosed in the Borrower's press release dated June 28, 2000 regarding operating results for its second fiscal quarter and projected operating results for fiscal year 2000.

Condition of the Borrower. (i) The consolidated balance sheet of the Borrower and its Subsidiaries as at December 31, 1999, 1999 and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended ended, and (ii) the consolidated balance sheet of the Borrower and its Subsidiaries as at March 31, 2000, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal quarter then ended, in each case fairly present the financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of Borrower and its Subsidiaries for the period ended on such date, all in accordance with GAAP consistently applied, and, as of the Closing Date, there has been no material adverse change in the business, condition (financial or otherwise), operations or properties of the Borrower and its Subsidiaries, taken as a whole, since March 31, 2000, other than as disclosed in the Borrower's press release dated June 28, 2000 regarding operating results for its second fiscal quarter and projected operating results for fiscal year 2000.

Condition of the Borrower. (i) The consolidated balance sheet of the Borrower and its Subsidiaries as at December 31, 19992000, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended and (ii) the consolidated balance sheet of the Borrower and its Subsidiaries as at March 31, 20002001, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal quarter then ended, in each case fairly present the financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of Borrower and its Subsidiaries for the period ended on such date, all in accordance with GAAP consistently applied, and, as of the Closing Date, there has been no material adverse change in the business, condition (financial or otherwise), operations or properties of the Borrower and its Subsidiaries, taken as a whole, since March 31, 2000, other than as disclosed in the Borrower's press release dated June 28, 2000 regarding operating results for its second fiscal quarter and projected operating results for fiscal year 20002001.

Condition of the Borrower. (i) The consolidated balance sheet of the Borrower and its Subsidiaries as at December 31, 1999, 1999 and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal year then ended ended, and (ii) the consolidated balance sheet of the Borrower and its Subsidiaries as at March 31September 30, 2000, and the related consolidated statements of income and retained earnings of the Borrower and its Subsidiaries for the fiscal quarter then ended, in each case fairly present the financial condition of the Borrower and its Subsidiaries as at such date and the results of the operations of Borrower and its Subsidiaries for the period ended on such date, all in accordance with GAAP consistently applied, and, as of the Closing Date, there has been no material adverse change in the business, condition (financial or otherwise), operations or properties of the Borrower and its Subsidiaries, taken as a whole, since March 31September 30, 2000, other than as disclosed in the Borrower's press release dated June 28Quarterly Report on Form 10-Q for the quarter ended September 30, 2000 regarding operating results for its second fiscal quarter and projected operating results for fiscal year 2000.