Common use of Financial Condition and Statements Clause in Contracts

Financial Condition and Statements. All financial statements now or in the future delivered to Silicon have been, and shall be, prepared in conformity with generally accepted accounting principles and now and in the future shall completely and accurately reflect the financial condition of the Borrower, at the times and for the periods therein stated. Since the last date covered by any such statement, there has been no material adverse change in the financial condition or business of the Borrower. The Borrower is now and shall continue to be solvent.

Appears in 7 contracts

Samples: Loan and Security Agreement (Oregon Baking Co Dba Marsee Baking), Loan and Security Agreement (Analogy Inc), Loan and Security Agreement (Cascade Microtech Inc)

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Financial Condition and Statements. All financial statements now or in the future delivered to Silicon have been, and shall be, prepared in conformity with generally accepted accounting principles and now and in the future shall completely and accurately fairly reflect the financial condition of the Borrower, at the times and for the periods therein stated. Since the last date covered by any such statement, there has been no material adverse change in the financial condition or business of the Borrower. The Borrower is now and shall continue to be solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Rogue Wave Software Inc /Or/)

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