Common use of Financial Condition and Statements Clause in Contracts

Financial Condition and Statements. All financial statements now or in the future delivered to GC have been, and will be, prepared in conformity with generally accepted accounting principles and now and in the future will completely and fairly reflect the financial condition of Debtor, at the times and for the periods therein stated. Between the last date covered by any such statement provided to GC and the date hereof, there has been no material adverse change in the financial condition or business of Debtor. Debtor is now and will continue to be solvent in both the "equity" and "bankruptcy" sense. Debtor will deliver to GC a copy of all financial statements prepared with respect to Debtor no later than five (5) days after the preparation or receipt thereof by Debtor. Debtor will cause to be prepared, and will provide GC (i) within thirty (30) days following the end of each fiscal quarter, complete quarterly financial statements, and (ii) within ninety (90) days following the end of Debtor's fiscal year, complete annual financial statements, certified by independent certified public accountants acceptable to GC.

Financial Condition and Statements. All financial statements now or in the future hereafter delivered to GC Coast have been, and will be, prepared in conformity with generally accepted accounting principles and now and in the future hereafter will completely and fairly accurately reflect the financial condition of Coast Business Credit Security Agreement Security Agreement -------------------------------------------------------------------------------- Debtor, at the times and for the periods therein stated. Between Since the last date covered by any such statement provided to GC and the date hereofstatement, there has been no material adverse change in the financial condition condition, operations or business any other status of the Debtor. Debtor is now and will continue to be solvent in both the "equity" and "bankruptcy" sense. Debtor will deliver to GC Coast a copy of all financial statements prepared with respect to Debtor no later than five (5) days after the preparation or receipt thereof by Debtor. Debtor will cause to be prepared, and will provide GC Coast (i) within thirty forty-five (3045) days following the end of each fiscal quarter, complete quarterly financial statements, and (ii) within ninety (90) days following the end of Debtor's fiscal year, complete annual financial statements, certified by independent certified public accountants acceptable to GCCoast.

Financial Condition and Statements. All financial statements now or in the future hereafter delivered to GC CoastFed have been, and will be, prepared in conformity with generally accepted accounting principles and now and in the future hereafter will completely and fairly accurately reflect the financial condition of DebtorBorrower, at the times and for the periods therein stated. Between Since the last date covered by any such statement provided to GC and the date hereofstatement, there has been no material adverse change in the financial condition condition, operations or business any other status of Debtorthe Borrower. Debtor Borrower is now and will continue to be solvent in both the "equity" and "bankruptcy" sense. Debtor Borrower will deliver to GC CoastFed a copy of all financial statements prepared with respect to Debtor Borrower no later than five (5) days after the preparation or receipt thereof by DebtorBorrower. Debtor Borrower will cause to be prepared, and will provide GC CoastFed (i) within thirty (30) days following the end of each fiscal quartermonth internally prepared, complete quarterly financial statements, and (ii) within ninety (90) days following the end of DebtorBorrower's fiscal year, complete annual financial statements, certified reviewed by independent certified public accountants acceptable to GCCoastFed.