Common use of Financial Statements and Projections; Books and Records Clause in Contracts

Financial Statements and Projections; Books and Records. (a) The Financial Statements delivered by each Borrower and any other Credit Party to Lender for its most recently ended Fiscal Year and Fiscal Month, are true, correct and complete and reflect fairly and accurately the financial condition of such Borrower as of the date of each such Financial Statement in accordance with GAAP. The Projections most recently delivered by any Borrower or any other Credit Party to Lender have been prepared in good faith, with care and diligence and use assumptions that are reasonable under the circumstances at the time such Projections were prepared and as of the date delivered to Lender and all such assumptions are disclosed in the Projections.

Appears in 2 contracts

Samples: Loan and Security Agreement (Intelefilm Corp), Loan and Security Agreement (Harmony Holdings Inc)

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Financial Statements and Projections; Books and Records. (a) The Financial --------------------------------------------------------- Statements delivered by each Borrower and any other Credit Party to Lender for its most recently ended Fiscal Year and Fiscal Month, are true, correct and complete and reflect fairly and accurately the financial condition of such Borrower as of the date of each such Financial Statement in accordance with GAAP. The Projections most recently delivered by any Borrower or any other Credit Party to Lender set forth on Disclosure Schedule (3.4(a)) have been prepared in good faith, with care and ----------------------------- diligence and use assumptions that are reasonable under the circumstances at the time such Projections were prepared and as of the date delivered to Lender and all such assumptions are disclosed in the Projections.

Appears in 1 contract

Samples: Loan and Security Agreement (Zunicom Inc)

Financial Statements and Projections; Books and Records. (a) The ------------------------------------------------------------- Financial Statements delivered by each Borrower and any other Credit Party to Lender for its most recently ended Fiscal Year and Fiscal Month, are true, correct and complete in all material respects and reflect fairly and accurately the financial condition of such Borrower as of the date of each such Financial Statement in accordance with GAAP. The Projections most recently delivered by any Borrower or any other Credit Party to Lender have been prepared in good faith, with care and diligence and use assumptions that are reasonable under the circumstances at the time such Projections were prepared and as of the date delivered to Lender and all such assumptions are disclosed in the Projections.

Appears in 1 contract

Samples: Loan and Security Agreement (Charys Holding Co Inc)

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Financial Statements and Projections; Books and Records. (a) The Financial Statements delivered by each Borrower and any other Credit Party to Lender for its most recently ended Fiscal Year and Fiscal Month, are true, correct and complete and reflect fairly and accurately the financial condition of such Borrower as of the date of each such Financial Statement in accordance with GAAP. The Projections attached to this Agreement as Schedule H and the Projections most recently delivered by any each Borrower or any other Credit Party to Lender after the Closing Date have been prepared in good faith, with care and diligence and use assumptions that are reasonable under the circumstances at the time such Projections were prepared and as of the date delivered to Lender and all such assumptions are disclosed in the Projections.

Appears in 1 contract

Samples: Loan and Security Agreement (Edac Technologies Corp)

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