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

Financial Statements and Projections; Books and Records. Borrower has delivered as of the Closing Date (a) the Financial Statements for its Fiscal Year ending September 27, 1998, and the Fiscal Month ending September 26, 1999, which Financial Statements are true, correct, and complete and fairly and accurately present the financial condition of Borrower as of the date of each Financial Statement, in accordance with GAAP, and (b) the Projections, which Projections have been prepared in good faith and are based upon facts and assumptions that are reasonable under the current and foreseeable circumstances and are disclosed in the Projections.

Appears in 1 contract

Samples: Loan and Security Agreement (Polyphase Corp)

AutoNDA by SimpleDocs

Financial Statements and Projections; Books and Records. Borrower has delivered as of the Closing Date (a) the Financial Statements for its Fiscal Year ending September 2730, 19982001, and the Fiscal Month ending September 26July 28, 19992002, which Financial Statements are true, correct, and complete and fairly and accurately present the financial condition of Borrower as of the date of each Financial Statement, in accordance with GAAP, and (b) the Projections, which Projections have been prepared in good faith and are based upon facts and assumptions that are reasonable under the current and foreseeable circumstances and are disclosed in the Projections.

Appears in 1 contract

Samples: Loan and Security Agreement (Overhill Farms Inc)

Financial Statements and Projections; Books and Records. Borrower has delivered as of the Closing Date (a) the Financial Statements for its most recently ended Fiscal Year ending September 27, 1998, and the Fiscal Month ending September 26, 1999Month, which Financial Statements are true, correct, correct and complete and fairly and accurately present the financial condition of Borrower as of the date of each Financial Statement, in accordance with GAAP, and (b) the Projections, which Projections have been prepared in good faith faith, and are based upon facts and assumptions that are reasonable under the current and foreseeable circumstances and are disclosed in the Projections.

Appears in 1 contract

Samples: Loan and Security Agreement (Barbeques Galore LTD)

AutoNDA by SimpleDocs

Financial Statements and Projections; Books and Records. (a) Borrower has delivered as of the Closing Date (ai) the Financial Statements for its Seller's most recently ended Fiscal Year ending September 27, 1998, and the Fiscal Month ending September 26, 1999Month, which Financial Statements are true, correct, correct and complete and reflect fairly and accurately present the financial condition of Borrower Seller as of the date of each of such Financial Statement, in accordance with GAAP, and (bii) the Projections, which Projections have been prepared in good faith faith, with care and are based upon facts diligence and use assumptions that are reasonable under the current and foreseeable circumstances and are disclosed in the Projections.

Appears in 1 contract

Samples: Loan and Security Agreement (Heartland Technology Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.