Financial Condition; No Adverse Change. The Borrowers have heretofore furnished to the Lender their consolidated audited financial statements for the fiscal year ended December 31, 1999 and their unaudited financial statements for the fiscal year-to-date period ended August 31, 2000 and those statements fairly present each Borrower's financial condition on the dates thereof and the results of its operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principles (subject in the case of the unaudited financial statements to year-end audit adjustments). Since the date of the most recent financial statements, there has been no material adverse change in any Borrower's business, properties or condition (financial or otherwise).
Appears in 2 contracts
Samples: Credit and Security Agreement, Credit and Security Agreement (Pemco Aviation Group Inc)
Financial Condition; No Adverse Change. The Borrowers have heretofore furnished to the Lender their consolidated audited financial statements for the fiscal year ended December 31, 1999 1999, and their unaudited interim financial statements for the fiscal year-to-date period ended August January 31, 2000 and those statements fairly present each Borrower's the Borrowers' financial condition on the dates thereof and the results of its their operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principles (subject in except that the case of the unaudited interim financial statements do not contain footnotes required by GAAP and are subject to yearnormal, period-end audit adjustments). Since the date of the most recent financial statements, there has been no material adverse change in any Borrower's the business, properties or condition (financial or otherwise)) of the Borrowers as a whole.
Appears in 1 contract
Samples: Credit and Security Agreement (Luminant Worldwide Corp)
Financial Condition; No Adverse Change. The Borrowers have Borrower has heretofore furnished to the Lender their consolidated audited financial statements of the Borrower for the fiscal year ended December March 31, 1999 1998 and their consolidated unaudited financial statements of the Borrower for the fiscal year-to-date period ended August January 31, 2000 1999, and those statements fairly present each the Borrower's financial condition on the dates thereof and the results of its operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principles (subject in the case of the unaudited financial statements to year-end audit adjustments)principles. Since the date of the most recent financial statements, there has been no material adverse change in any the Borrower's business, properties or condition (financial or otherwise).
Appears in 1 contract
Samples: Credit and Security Agreement (Autotradecenter Com Inc)
Financial Condition; No Adverse Change. The Borrowers have Borrower has heretofore furnished to the Lender their consolidated audited financial statements for the itself and its Subsidiaries for their fiscal year ended December 31, 1999 1995 and their unaudited financial statements for itself and its Subsidiaries for the fiscal year-to-date period ended August 31November 30, 2000 1996 and those statements fairly present each the Borrower's and Subsidiaries' financial condition conditions on the dates thereof and the results of its their operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principles (subject in the case of the unaudited financial statements to year-end audit adjustments)principles. Since the date of the most recent financial statements, there has been no material adverse change in the Borrower's or any BorrowerSubsidiary's business, properties or condition (financial or otherwise).
Appears in 1 contract
Samples: Credit and Security Agreement (Health Fitness Physical Therapy Inc)
Financial Condition; No Adverse Change. The Parent and the Borrowers have heretofore furnished to the Lender their audited financial statements (on a consolidated audited and consolidating basis) for their fiscal year ended June 30, 2002, unaudited financial statements for the fiscal year ended December 31June 30, 1999 2003, and their unaudited financial statements for the fiscal fiscal-year-to-date period ended August July 31, 2000 2003, and those statements fairly present each Borrower's the Borrowers’ financial condition on the dates thereof and the results of its operations and cash flows for the periods then ended and were prepared in accordance with generally accepted accounting principles (subject in the case of the unaudited financial statements to year-end audit adjustments)GAAP. Since the date of the most recent financial statements, there has been no material adverse change in any Borrower's ’s business, properties or condition (financial or otherwise)) which has had a Material Adverse Effect.
Appears in 1 contract
Samples: Credit and Security Agreement (Smtek International Inc)