Common use of Financial Condition, Statements and Reports Clause in Contracts

Financial Condition, Statements and Reports. All financial statements now or in the future delivered to GBC 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 Borrower, at the times and for the periods therein stated. Between the last date covered by any such statement provided to GBC and the date hereof, there has been no material adverse change in the financial condition or business of Borrower. Borrower is now and will continue to be solvent.

Appears in 8 contracts

Samples: Loan and Security Agreement (Syquest Technology Inc), Loan and Security Agreement (Firepond Inc), Loan and Security Agreement (Qad Inc)

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Financial Condition, Statements and Reports. All financial statements now or in the future delivered to GBC 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 Borrower, at the times and for the periods therein stated. Between the last date covered by any such statement provided to GBC and the date hereof, there has been no material adverse change in the financial condition or business of Borrower. Borrower is now and will continue to be solvent.. *PRESENT FAIRLY, SUBJECT TO YEAR-END AUDIT ADJUSTMENTS,

Appears in 1 contract

Samples: Loan and Security Agreement (Mti Technology Corp)

Financial Condition, Statements and Reports. All financial statements now or in the future delivered to GBC have been, and will be, prepared in conformity with generally accepted accounting principles * and now and in the future will completely and fairly accurately reflect the financial condition of Borrower, at the times and for the periods therein stated. Between the last date covered by any such statement provided to GBC and the date hereof, there has been no material adverse change in the financial condition or business of BorrowerBorrower **. Borrower is now and will continue to be solvent.. * (except as may be otherwise set forth in the notes thereto) ** that has not been disclosed to GBC in writing

Appears in 1 contract

Samples: Security Agreement (Paradigm Technology Inc /De/)

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Financial Condition, Statements and Reports. All financial statements now or in the future delivered to GBC 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 Borrower, at the times and for the periods therein statedstated *. Between the last date covered by any such statement provided to GBC and the date hereof, there has been no material adverse change in the financial condition or business of Borrower. Borrower is now and will continue to be solvent.* , SUBJECT TO NORMAL YEAR-END ACCRUALS AND AUDIT ADJUSTMENTS

Appears in 1 contract

Samples: Loan and Security Agreement (Vixel Corp)

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