Financial and Property Information. (a) The balance sheet of GBP and the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of December 31, 1996 and the related consolidated statements of income, shareholders' equity and cash flows for the Fiscal Year then ended, in the case of GBP reported on by Arxxxx Anxxxxxx XLP, copies of which have been delivered to each of the Banks, and the unaudited financial statement of GBP and consolidated financial statements of the Borrower for the interim period ended March 31, 1997, copies of which have been delivered to each of the Banks, fairly present, in all material respects, in conformity with GAAP, subject in the case of quarterly statements to normal year end audit adjustments, the consolidated financial position of GBP and the Borrower and its Consolidated Subsidiaries, respectively, as of such dates and their consolidated results of operations and cash flows for such periods stated. (b) Since December 31, 1996, there has been no event, act, condition or occurrence having a Material Adverse Effect. (c) All material information concerning the Properties which has been furnished to the Banks by the Borrower is true and correct in all material respects.
Appears in 2 contracts
Samples: Reimbursement Agreement (Gables Realty Limited Partnership), Reimbursement Agreement (Gables Residential Trust)
Financial and Property Information. (a) The balance sheet of GBP and the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of December 31, 1996 and the related consolidated statements of income, shareholders' equity and cash flows for the Fiscal Year then ended, in the case of GBP reported on by Arxxxx Anxxxxxx XLPXxxxxx Xxxxxxxx LLP, copies of which have been delivered to each of the Banks, and the unaudited financial statement of GBP and consolidated financial statements of the Borrower for the interim period ended March 31, 1997, copies of which have been delivered to each of the Banks, fairly present, in all material respects, in conformity with GAAP, subject in the case of quarterly statements to normal year end audit adjustments, the consolidated financial position of GBP and the Borrower and its Consolidated Subsidiaries, respectively, as of such dates and their consolidated results of operations and cash flows for such periods stated.
(b) Since December 31, 1996, there has been no event, act, condition or occurrence having a Material Adverse Effect.
(c) All material information concerning the Properties which has been furnished to the Banks by the Borrower is true and correct in all material respects.
Appears in 2 contracts
Samples: Credit Agreement (Gables Residential Trust), Credit Agreement (Gables Realty Limited Partnership)
Financial and Property Information. (a) The balance sheet of GBP and the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of December 31, 1996 1995 and the related consolidated statements of income, shareholders' equity and cash flows for the Fiscal Year then ended, in the case of GBP reported on by Arxxxx Anxxxxxx XLPArthxx Xxxexxxx XXX, copies of which have been delivered to each of the Banks, and the unaudited financial statement of GBP and consolidated financial statements of the Borrower for the interim period ended March 31[JUNE] [SEPTEMBER] 30, 19971996, copies of which have been delivered to each of the Banks, fairly present, in all material respects, in conformity with GAAP, subject in the case of quarterly statements to normal year end audit adjustments, the consolidated financial position of GBP and the Borrower and its Consolidated Subsidiaries, respectively, as of such dates and their consolidated results of operations and cash flows for such periods stated.
(b) Since December 31, 19961995, there has been no event, act, condition or occurrence having a Material Adverse Effect.
(c) All material information concerning the Properties which has been furnished to the Banks by the Borrower is true and correct in all material respects.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Gables Residential Trust)
Financial and Property Information. (a) The balance sheet of GBP and the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of December 31, 1996 1997 and the related consolidated statements of income, shareholders' equity and cash flows for the Fiscal Year then ended, in the case of GBP reported on by Arxxxx Anxxxxxx XLPXxxxxx Xxxxxxxx LLP, copies of which have been delivered to each of the Banks, and the unaudited financial statement of GBP and consolidated financial statements of the Borrower for the interim period ended March 31September 30, 1997, copies of which have been delivered to each of the Banks, fairly present, in all material respects, in conformity with GAAP, subject in the case of quarterly statements to normal year end audit adjustments, the consolidated financial position of GBP and the Borrower and its Consolidated Subsidiaries, respectively, as of such dates and their consolidated results of operations and cash flows for such periods stated.
(b) Since December 31, 1996, there has been no event, act, condition or occurrence having a Material Adverse Effect.
(c) All material information concerning the Properties which has been furnished to the Banks by the Borrower is true and correct in all material respects.
Appears in 1 contract
Samples: Credit Agreement (Gables Realty Limited Partnership)