Financial Condition of Guarantor. Status of Guarantor. So long as the Guarantor's obligations under Section 3 below are outstanding, unless the Guarantor shall have Provided Collateral to secure its obligations hereunder:
Financial Condition of Guarantor. The Guarantor shall at all times maintain a Tangible Net Worth in excess of Two Hundred Million Dollars ($200,000,000) and shall, from time to time, upon Landlord’s request (but no less frequently than quarterly), provide an Officer’s Certificate with respect thereto, which shall, inter alia, set forth the calculation thereof and otherwise be in form and substance reasonably satisfactory to Landlord.
Financial Condition of Guarantor. If shares in Guarantor are publicly traded on a United States national stock exchange or on the Amsterdam stock exchange such that Guarantor is subject to securities disclosure and financial reporting requirements pursuant to which quarterly and annual financial reports are available on line via XXXXX or via Guarantor’s website, Guarantor shall not be obligated to furnish financial statements to Landlord. If, however, Guarantor is not publicly traded such that financial reports are not available for review online, the following financial reporting requirements shall apply:
Financial Condition of Guarantor. All financial statements of Guarantor, copies of which have been heretofore delivered to Lender, are complete and correct, have been prepared in accordance with GAAP, and present fairly the financial position of Guarantor as at the date thereof and the results of their respective operations for the period ended on said date and there has been no material adverse change in the financial condition, business or operations of Guarantor since said date.
Financial Condition of Guarantor. The Guarantor shall at all times maintain Net Worth in an amount of at least Seventy-Five Million Dollars ($75,000,000).
Financial Condition of Guarantor. Guarantor hereby represents, warrants and covenants to the Companies that on the date hereof and until the full and final payment and performance of all of the Guaranteed Obligations: (a) the fair saleable value of Guarantor’s assets exceeds its liabilities, Guarantor is meeting its current liabilities as they mature, and Guarantor is and shall remain solvent, (b) all financial statements of Guarantor previously provided to the Companies are true and correct and accurately reflect the financial condition of Guarantor as of the date each such statement purports to reflect, (c) since the date of such financial statements, there has not occurred any material adverse change in the financial condition of Guarantor, (d) there are not now pending any court or administrative proceedings or undischarged judgments against Guarantor, no federal or state tax liens have been filed or, to Guarantor’s knowledge, threatened against Guarantor, and Guarantor is not in default or claimed default under any material agreement, (e) Guarantor shall deliver to the Companies such information in Guarantor’s possession as the Companies may reasonably request from time to time regarding Guarantor’s financial condition and such information shall be true and correct, (f) Guarantor shall undertake no action prior to the full and final payment and performance of all of the Guaranteed Obligations that could reasonably be expected to materially and adversely affect its ability to satisfy any of its obligations hereunder, and (g) Guarantor shall cause SSLLC, Tools, the Introducing Brokers and/or Schon-EX to perform and make payment of any of the Guaranteed Obligations, each as they shall come due.
Financial Condition of Guarantor. STATUS OF GUARANTOR. So long as the Guarantor’s obligations under SECTION 3 below are outstanding, unless the Guarantor shall have Provided Collateral to secure its obligations hereunder:
Financial Condition of Guarantor. All balance sheets, profit and loss statements, and other financial statements of the Guarantor which will hereafter be furnished to Bank, will be (when furnished) true and correct and will (when furnished) present fairly, accurately and completely the consolidated financial position of the Guarantor and the results of its operations as of the dates and for the periods for which the same are furnished. All such financial statements have been prepared in accordance with Generally Accepted Accounting Principles applied on a consistent basis. Neither the Guarantor nor any Subsidiary possesses any “loss contingency” (as that term is defined in Financial Accounting Standards Board, Statement of Financial Accounting Standards No. 5 - “FASB 5”) which is not accrued, reflected, or reserved against in its balance sheet or disclosed in the footnotes to such balance sheet. There has been no material adverse change in the business, properties, operations or condition (financial or otherwise) of the Guarantor or any Subsidiary since the date of the financial statements which were most recently furnished by the Guarantor to Bank. No event has occurred which could reasonably be expected to interfere substantially with the normal business operations of the Guarantor, except as disclosed in writing to Bank heretofore or concurrently herewith.
Financial Condition of Guarantor. As used in this Section, "Financial Statements" means, in accordance with the requirements of this Section a balance sheet, income statement, statements of cash flow and amount and sources of contingent liabilities, a reconciliation of changes in equity and liquidity verification, and, unless Lender otherwise consents, consolidated and consolidating statements if the reporting party is a holding company or a parent of a subsidiary entity. In this Section, each party for whom Financial Statements are required is a "reporting party" and a specified period to which the required Financial Statements relate is a "reporting period". Guarantor shall provide or cause to be provided to Lender, the following:
Financial Condition of Guarantor. Borrower shall cause Guarantor to satisfy the Guarantor Financial Covenants.
