FINANCIAL CONDITION OF THE PROPERTY. The income statements for the Property or the Contributed Entity, as the case may be, previously provided to Optionee fairly present in all material respects the results of operations and corresponding income or losses for the Property for each of the three 12-month periods in the three-year period ended December 31, 2003, in accordance with generally accepted accounting principles in the United States. Except as set forth on Schedule 3.15 attached hereto, there has been no material adverse change since December 31, 2003, financial or otherwise, in the financial condition of the Property.
Appears in 7 contracts
Samples: Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.), Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.)
FINANCIAL CONDITION OF THE PROPERTY. The income statements for the Property or the Contributed Entity, as the case may be, previously provided to Optionee fairly present in all material respects the results of operations and corresponding income or losses for the Property for each of the three 12-month periods in the three-year period ended December 31, 2003, in accordance with generally accepted accounting principles in the United States. Except as set forth on Schedule 3.15 attached hereto, there has been no material adverse change since December 31, 2003, financial or otherwise, in the financial condition of the Property.
Appears in 1 contract
Samples: Omnibus Option Agreement (Eagle Hospitality Properties Trust, Inc.)
