Financial Statements; Indebtedness. Attached hereto in Section 3.5 of the Schedules are (a) the unaudited combined balance sheets of CCG and the Company Subsidiary as of December 31, 2015 (the “Balance Sheet Date”), December 31, 2014 and December 31, 2013, and the related unaudited combined statements of income and cash flows of CCG and the Company Subsidiary for the twelve-month periods then ended, (b) the unaudited balance sheets of Glenwood as of the Balance Sheet Date, December 31, 2014 and December 31, 2013, and the related unaudited statements of income and cash flows of Glenwood for the twelve-month periods then ended, and (c) the unaudited combined balance sheet of CCG and the Company Subsidiary as of September 30, 2016 and the unaudited balance sheet of Glenwood as of September 30, 2016 (collectively, the “Interim Balance Sheet”), and the related unaudited combined statements of income and cash flows of CCG and the Company Subsidiary for the nine-month period then ended and the related unaudited statements of income and cash flows of Glenwood for the nine-month period then ended (the financial statements described in (a)-(c), the “Financial Statements”). Except as set forth in Section 3.5 of the Schedules, the Financial Statements (i) have been prepared in accordance with GAAP applied on a consistent basis during the periods involved, (ii) have been prepared from the books and records of the Company Entities and (iii) present fairly in all material respects the financial condition, operating results and cash flows of the Company Entities as of the dates and for the periods indicated therein. Section 3.5 of the Schedules lists all Indebtedness of the Company Entities as of the date hereof.
Financial Statements; Indebtedness. (a) The balance sheet of Borrower as of September 30, 2016, and the related statement of operations, stockholders’ equity and cash flows (together with the related notes) for the Fiscal Year ended December 31, 2015, and the balance sheet of Borrower and the related statement of operations, stockholders’ or members’ equity and cash flows (together with the related notes) for the 9- month period ended September 30, 2016 (collectively, the “Financial Statements”) fairly present, as of the date thereof, the financial position of Borrower, and the results of its operations, cash flows and stockholders’ equity in all material aspects.
Financial Statements; Indebtedness. (a) The Borrowers have furnished to the Lenders: (i) MicroFinancial’s consolidated balance sheet as of December 31, 2013 and its consolidated statements of income, changes in stockholders’ equity and cash flow for the fiscal year then ended, and related footnotes, audited and certified without qualification by the Borrower’s Accountants; and (ii) MicroFinancial’s unaudited consolidated balance sheet as of September 30, 2014 and its unaudited consolidated statements of income, changes in stockholders’ equity and cash flow for the three (3) months then ended (the “Initial Financial Statements”), certified by the principal financial officer of MicroFinancial, subject to normal, recurring year-end adjustments that shall not in the aggregate be material in amount. All such financial statements were prepared in accordance with GAAP applied on a consistent basis throughout the periods specified and present fairly the financial position of each Parent and each of its Subsidiaries as of such dates and the results of the operations of each Parent and each of its Subsidiaries for such periods. The Borrowers have also furnished to the Lenders the Parents’ pro forma combined balance sheet as of the Closing Date and projections of their future combined results of operations referred to at Section 3.1(a)(xviii), all of which were reasonable when made and continue to be reasonable at the date hereof.
Financial Statements; Indebtedness. (a) Attached hereto as Schedule 3.4 are true and complete copies of the following financial statements (such financial statements, the “Financial Statements”):
Financial Statements; Indebtedness. (a) The audited and unaudited financial statements contained in the SEC Reports (collectively, the “Financial Statements”) (x) fairly present as of the respective dates thereof the financial position of the Borrower and the results of its operations, cash flows and stockholders’ equity for each of the periods then ended in all material aspects; and (y) except for the fact that the unaudited financial statements omit notes to such statements and year-end adjustments thereto, have been prepared in accordance with GAAP in conformity with the rules and regulations of the SEC.
Financial Statements; Indebtedness. Attached hereto as Schedule -------- 5.11(a) are the following financial statements of Seller: (a) audited Balance ------- Sheets at November 30, 1999, 1998 and 1997 and audited Statements of Operations and Statements of Cash Flows for the years ended November 30, 1999, 1998 and 1997 (including consolidating schedules containing corresponding Statements of Assets and Liabilities and Statements of Revenue and Expenses of the Schools in the form appropriate for filing with the DOE), and (b) an unaudited Balance Sheet at June 30, 2000 and an unaudited Statement of Operations and Statement of Cash Flows for the seven months ended June 30, 2000 (collectively, the "Financial Statements"). The basis of presentation of the Financial Statements of the Seller and each of the Schools is disclosed on Schedule 5.11(b) attached ---------------- hereto or in the notes thereto. Except as disclosed on Schedule 5.11(b), the ---------------- balance sheets included in the Financial Statements present fairly in accordance with GAAP the assets and liabilities of Seller and each of the Schools as of the respective dates thereof, and the related statements of revenue and expenses present fairly in accordance with GAAP the results of operations of Seller and each of the Schools for the respective periods covered thereby. The Financial Statements (i) have been prepared based upon the books and records of Seller in a manner consistent with Seller's standard internal accounting practices, consistently applied, and (ii) fairly present the financial position of Seller as of the dates of such Financial Statements and the results of operations for the periods covered by such Financial Statements. Except as disclosed on Schedule 5.11(b), Seller has maintained the books and records of the Seller and ---------------- the Schools in accordance with applicable laws, rules and regulations and with GAAP and GAGAS, and such books and records are, and during the periods covered by the Financial Statements were, materially correct and complete, fairly reflecting the income, expenses, assets and liabilities of the Seller and the Schools. On the date hereof, Seller does not have any liabilities required to be set forth in a balance sheet prepared in accordance with GAAP and GAGAS that were not included in the latest balance sheet included in the Financial Statements. Except as provided in Schedule 5.11(c), Seller is not required to ---------------- provide any letters of credit, guarantees or other...
Financial Statements; Indebtedness. (a) Except as disclosed in Section 4A.8(a) of the Disclosure Schedules, the financial statements and supporting schedules included in SkyTerra’s Annual Report on Form 10-K for the year ended December 31, 2007 and the Amendment to the SkyTerra 's Annual Report for the year ended December 31, 2007 on Form 10-K/A, and in SkyTerra’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2008, in each case filed with the SEC present fairly, in all material respects, the consolidated financial position of SkyTerra as of the dates specified and the consolidated results of their operations and cash flows for the periods specified, in each case, in conformity with GAAP applied on a consistent basis during the periods involved, except as indicated therein or in the notes thereto.
Financial Statements; Indebtedness. Attached hereto as Schedule -------- 5.11(a) are the following audited financial statements of Seller: Consolidated ------- Balance Sheets at December 31, 1995, 1994 and 1993; Consolidated Statements of Operation and Consolidated Statements of Cash Flows for the three years in the period ended December 31, 1995 (including, for fiscal years ending December 31, 1994 and 1995, consolidating schedules containing corresponding Statements of Assets and Liabilities and Statements of Revenue and Expenses of the School in the form appropriate for filing with the USED, and for the fiscal year ending December 31, 1993, unaudited internal management reports of the Statement of Assets and Liabilities and Statement of Operations of the School) (collectively, the "Financial Statements"). The basis of presentation of the financial statements of the School is disclosed on Schedule 5.11(b) attached hereto. Except as disclosed on Schedule 5.11(b), the balance sheets included in the Financial Statements present fairly in accordance with generally accepted accounting principles ("GAAP") the assets and liabilities of the School as of the respective dates thereof, and the related statements of revenue and expenses present fairly in accordance with GAAP the results of operations of the School for the respective periods covered thereby. The Financial Statements for the School (i) have been prepared based upon the books and records of Seller in a manner consistent with Seller's standard internal accounting practices, consistently applied and (ii) fairly present the financial position of the School as of the dates of such Financial Statements, and the results of operations for the periods covered by such Financial Statements. Except as disclosed on Schedule 5.11(b), Seller has maintained the books and records of the School in ---------------- accordance with applicable laws, rules and regulations and with GAAP, and such books and records are, and during the periods covered by the Financial Statements were, materially correct and complete, fairly reflecting the income, expenses, assets and liabilities of the School. On the date hereof, the School does not have any material liabilities required to be set forth in a balance sheet prepared in accordance with GAAP, that were not included in the consolidating balance sheets schedule of the School included in the Financial Statements. Except as provided in Schedule 5.11(c), Seller is not required to ---------------- provide any letters of ...
Financial Statements; Indebtedness. (a) The audited consolidated financial statements and unaudited consolidated interim financial statements of the Company included or incorporated by reference in the Company SEC Documents fairly present in all material respects, in conformity with GAAP applied on a consistent basis (except as may be indicated in the notes thereto), the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and their consolidated results of operations and cash flows for the periods then ended (subject to normal year-end audit adjustments and the absence of footnotes in the case of any unaudited interim financial statements).
Financial Statements; Indebtedness. (i) The audited consolidated balance sheet and income statement for Jerash Garments and Fashions Manufacturing Company Limited, subsidiaries and affiliates, is attached to the Private Placement Memorandum and was prepared in good faith and according to GAAP as of and for the fiscal years ended March 31, 2016 and March 31, 2015 (the “Jerash Garment Financial Statements”). The Jerash Garment Financial Statements are complete and accurate in all material respects.
