Financial Statements and Potentially Adverse Events Sample Clauses

Financial Statements and Potentially Adverse Events. The Global Agent will notify Freddie Mac, in accordance with Section 10(d) below, within ten (10) Business Days (or, if notice within 10 Business Days is not legally permitted, then at the earliest legally permissible time) of any of the following: (A) an event or series of events occurs that has or is reasonably likely to have a material adverse impact on the Global Agent’s ability to perform its obligations under this Agreement; (B) the Global Agent undergoes a material change in its ownership structure or organization, including a merger, consolidation or change of control, whether by operation of law or otherwise; (C) the Global Agent makes an assignment for the benefit of its creditors or becomes subject to appointment of a trustee, conservator or receiver for it or its property; (D) the Global Agent authorizes the filing of a bankruptcy petition or its equivalent or an involuntary petition of bankruptcy or its equivalent is filed against the Global Agent; or (F) the Global Agent becomes insolvent.
Sample 1Sample 2Sample 3See All (20)
AutoNDA by SimpleDocs
Financial Statements and Potentially Adverse Events. The Exchange Administrator will notify Freddie Mac, in accordance with Section 8(d) below, within ten (10) Business Days (or, if notice within 10 Business Days is not legally permitted, then at the earliest legally permissible time) of any of the following: (A) an event or series of events occurs that has or is reasonably likely to have a material adverse impact on the Exchange Administrator’s ability to perform its obligations under this Agreement; (B) the Exchange Administrator undergoes a material change in its ownership structure or organization, including a merger, consolidation or change of control, whether by operation of law or otherwise; (C) the Exchange Administrator makes an assignment for the benefit of its creditors or becomes subject to appointment of a trustee, conservator or receiver for it or its property; (D) the Exchange Administrator authorizes the filing of a bankruptcy petition or its equivalent or an involuntary petition of bankruptcy or its equivalent is filed against the Exchange Administrator; or (E) the Exchange Administrator becomes insolvent.
Sample 1Sample 2Sample 3See All (10)

Related to Financial Statements and Potentially Adverse Events

  • Financial Statements Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

  • FINANCIAL STATEMENTS TO OWNER The Agent shall render statements of receipts, expenses, and other charges for the Property as requested by the Owner with no more than one (1) statement per month.

  • Financial Statement If Lessor desires to finance, refinance, or sell the Premises or the Building, or any part thereof, Lessee and all Guarantors shall deliver to any potential lender or purchaser designated by Lessor such financial statements of Lessee and such Guarantors as may be reasonably required by such lender or purchaser, including but not limited to Lessee's financial statements for the past three (3) years. All such financial statements shall be received by Lessor and such lender or purchaser in confidence and shall be used only for the purposes herein set forth.

  • Financials The financial statements, projections and pro forma balance sheet described in Section 5.4.

  • Quarterly Financial Statements As soon as available and in any event within 5 days after the date on which such financial statements are required to be filed with the SEC (after giving effect to any permitted extensions) with respect to each of the first three quarterly accounting periods in each fiscal year of the Borrower (or, if such financial statements are not required to be filed with the SEC, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Borrower and the Subsidiaries and, if different, the Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Borrower and the Restricted Subsidiaries, a detailed reconciliation reflecting such financial information for the Borrower and the Restricted Subsidiaries, on the one hand, and the Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, stockholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject to changes resulting from audit and normal year end audit adjustments.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!