Common use of Correctness of Financial Statements Clause in Contracts

Correctness of Financial Statements. Borrower's consolidated ----------------------------------- and consolidating audited Financial Statement as of the fiscal year ended June 30, 1999, and all information and data furnished by Borrower to Lender in connection therewith, are complete and correct and accurately and fairly present the financial condition and results of operations of Borrower and the Subsidiaries as of their respective dates. Any forecasts of future financial performance delivered by Borrower to Lender have been made in good faith and are based on reasonable assumptions and investigations by Borrower. Said audited Financial Statement has been prepared in accordance with GAAP. Since the date of such audited Financial Statement, there has been no change in Borrower's or the Subsidiaries' financial condition or results of operations sufficient to have a Material Adverse Effect. Borrower and the Subsidiaries have no contingent obligations, liabilities for taxes or other outstanding financial obligations which are material in the aggregate, except as disclosed in such statements, information and data.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pcsupport Com Inc)

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Correctness of Financial Statements. Borrower's consolidated ----------------------------------- and consolidating Borrowers’ audited Financial Statement as of the its fiscal year ended December 31, 2004, and internally-prepared Financial Statements for the six months ended June 30, 19992005, and all other information and data furnished by Borrower Borrowers to Lender Bank in connection therewith, are complete and correct in all material respects and accurately and fairly present the financial condition and results of operations of Borrower Borrowers and the Subsidiaries as of their respective dates. Any forecasts of future financial performance delivered by Borrower Borrowers to Lender Bank have been made in good faith and are based on reasonable assumptions and investigations by BorrowerBorrowers. Said audited Financial Statement has Statements have been prepared in accordance with GAAP. Since the date of such audited Financial StatementStatements, there has been no change in any Borrower's ’s or the Subsidiaries' financial condition or results of operations sufficient to have a Material Adverse Effect. Borrower Borrowers and the Subsidiaries have no contingent obligations, liabilities for taxes or other outstanding financial obligations which are material in the aggregate, except as disclosed in such statements, information and data.

Appears in 1 contract

Samples: Credit Agreement (Matrixx Initiatives Inc)

Correctness of Financial Statements. Borrower's consolidated ----------------------------------- and consolidating audited Financial Statement as of the its fiscal year ended December 31, 2003, and Borrower's internally prepared Financial Statement as of its fiscal quarters ended March 31, 2003 and June 30, 19992003, and all other information and data furnished by Borrower to Lender Bank in connection therewith, are complete and correct and accurately and fairly present the financial condition and results of operations of Borrower and the Subsidiaries as of their respective dates. Any forecasts of future financial performance delivered by Borrower to Lender Bank have been made in good faith and are based on reasonable assumptions and investigations by Borrower. Said audited Financial Statement has Statements have been prepared in accordance with GAAP. Since the date of such audited Financial StatementStatements, there has been no change in Borrower's or the its Subsidiaries' financial condition or results of operations sufficient to have a Material Adverse Effect. Borrower and the Subsidiaries have no contingent obligations, liabilities for taxes or other outstanding financial obligations which are material in the aggregate, except as disclosed in such statements, information and data.

Appears in 1 contract

Samples: Credit Agreement (Universal Electronics Inc)

Correctness of Financial Statements. Borrower's ’s consolidated ----------------------------------- and consolidating audited unaudited Financial Statement as of the fiscal year to date period ended June April 30, 1999, and all information and data furnished by Borrower to Lender Bank in connection therewith, are complete and correct and accurately and fairly present the financial condition and results of operations of Borrower Borrower, the Subsidiaries and the Subsidiaries Physician Groups as of their respective dates. Any forecasts of future financial performance delivered by Borrower to Lender Bank have been made in good faith and are based on reasonable assumptions and investigations by Borrower. Said audited Financial Statement has been prepared in accordance with GAAP. Since the date of such audited Financial Statement, there has been no change in Borrower's ’s, the Subsidiaries’ or the Subsidiaries' Physician Groups’ financial condition or results of operations sufficient to have a Material Adverse Effect. Borrower Borrower, the Subsidiaries and the Subsidiaries Physician Groups have no contingent obligations, liabilities for taxes or other outstanding financial obligations which are material in the aggregate, except as disclosed in such statements, information and data.

Appears in 1 contract

Samples: Security Agreement (Prospect Medical Holdings Inc)

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Correctness of Financial Statements. Borrower's consolidated ----------------------------------- and consolidating ’s unaudited Financial Statements dated June 30, 2005, Borrower’s audited Financial Statement Statements as of the its fiscal year ended June 30December 31, 19992004, 2004, and all other information and data furnished by Borrower to Lender in connection therewith, are complete and correct and accurately and fairly present the financial condition and results of operations of Borrower and the Subsidiaries as of their respective dates. Any forecasts of future financial performance delivered by Borrower to Lender have been made in good faith and are based on reasonable assumptions and investigations by Borrower. Said audited Financial Statement has Statements have been prepared in accordance with GAAP. Since the date of such audited Financial StatementStatements, there has been no change in Borrower's ’s or the Subsidiaries' financial condition or results of operations sufficient to have a Material Adverse Effect. Borrower and the Subsidiaries have no contingent obligations, liabilities for taxes or other outstanding financial obligations which are material in the aggregate, except as disclosed in such statements, information and data.

Appears in 1 contract

Samples: Credit Agreement (Tri-S Security Corp)

Correctness of Financial Statements. Borrower's consolidated ----------------------------------- and consolidating ’s audited Financial Statement Statements as of the its fiscal year ended June December 31, 2006, and Borrower’s unaudited Financial Statements for the nine months ended September 30, 19992007, and all other information and data furnished by Borrower to Lender in connection therewith, are complete and correct and accurately and fairly present the financial condition and results of operations of Borrower and the Subsidiaries as of their respective dates. Any forecasts of future financial performance delivered by Borrower to Lender have been made in good faith and are based on reasonable assumptions and investigations by Borrower. Said audited Financial Statement has Statements have been prepared in accordance with GAAP. Since the date of such audited Financial StatementStatements, there has been no change in Borrower's ’s or the Subsidiaries' financial condition or results of operations sufficient to have a Material Adverse Effect. Borrower and the Subsidiaries have no contingent obligations, liabilities for taxes or other outstanding financial obligations which are material in the aggregate, except as disclosed in such statements, information and data.

Appears in 1 contract

Samples: Credit Agreement (Tri-S Security Corp)

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