Common use of Financial Statements; Indebtedness Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)

AutoNDA by SimpleDocs

Financial Statements; Indebtedness. (a) The Borrowers have Borrower has furnished to the Lenders: (i) MicroFinancialLenders the Parent’s consolidated balance sheet as of December 31, 2013 2007 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 BorrowerParent’s Accountants; and (ii) MicroFinancial. The Borrower has also furnished to the Lenders the Parent’s unaudited consolidated balance sheet as of September 30March 31, 2014 2008 and its unaudited consolidated statements of income, changes in stockholders’ equity and cash flow for the three (3) 3 months then ended (the “Initial Financial Statements”), certified by the principal financial officer of MicroFinancialthe Parent, 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 the Parent and each of its Subsidiaries as of such dates and the results of the operations of each the Parent and each of its Subsidiaries for such periods. The Borrowers have Borrower has also furnished to the Lenders the Parents’ Parent’s pro forma combined consolidated balance sheet as of the Closing Date and projections of their its future combined consolidated results of operations referred to at Section 3.1(a)(xviii)operations, all of which were reasonable when made and continue to be reasonable at the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Microfinancial Inc)

Financial Statements; Indebtedness. (a) The Borrowers have Borrower has furnished to the Lenders: (i) MicroFinancialLenders the Parent’s consolidated balance sheet as of December 31, 2013 2006 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 BorrowerParent’s Accountants; and (ii) MicroFinancial. The Borrower has also furnished to the Lenders the Parent’s unaudited consolidated balance sheet as of September 30March 31, 2014 2007 and its unaudited consolidated statements of income, changes in stockholders’ equity and cash flow for the three (3) 3 months then ended (the “Initial Financial Statements”), certified by the principal financial officer of MicroFinancialthe Parent, 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 the Parent and each of its Subsidiaries as of such dates and the results of the operations of each the Parent and each of its Subsidiaries for such periods. The Borrowers have Borrower has also furnished to the Lenders the Parents’ Parent’s pro forma combined consolidated balance sheet as of the Closing Date and projections of their its future combined consolidated results of operations referred to at Section 3.1(a)(xviii)operations, all of which were reasonable when made and continue to be reasonable at the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Microfinancial Inc)

Financial Statements; Indebtedness. (a) The Borrowers have Borrower has furnished to the Lenders: (i) MicroFinancialLenders the Parent’s consolidated balance sheet as of December 31, 2013 2011 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. The Borrower has also furnished to the Lenders the Parent’s unaudited consolidated balance sheet as of September 30, 2014 2012 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 MicroFinancialthe Parent, 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 the Parent and each of its Subsidiaries as of such dates and the results of the operations of each the Parent and each of its Subsidiaries for such periods. The Borrowers have Borrower has also furnished to the Lenders the Parents’ Parent’s pro forma combined consolidated balance sheet as of the Closing Date and projections of their its future combined consolidated results of operations referred to at Section 3.1(a)(xviii)operations, all of which were reasonable when made and continue to be reasonable at the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Microfinancial Inc)

AutoNDA by SimpleDocs

Financial Statements; Indebtedness. (a) The Borrowers have Borrower has furnished to the Lenders: (i) MicroFinancial’s Lender its consolidated balance sheet as of December 31, 2013 2006 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 . The Borrower has also furnished to the Lender its unaudited consolidated balance sheet as of September 30March 31, 2014 2007 and its unaudited consolidated statements of income, changes in stockholders’ equity and cash flow for the three (3) months then ended (the “Initial Financial StatementsStatement”), certified by the principal financial officer of MicroFinancialthe Borrower, 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 the Borrower and each of its Subsidiaries as of such dates and the results of the operations of each Parent the Borrower and each of its Subsidiaries for such periods. The Borrowers Borrower have also furnished to the Lenders the Parents’ Lender its pro forma combined consolidated balance sheet as of the Closing Date and projections of their its future combined consolidated results of operations referred to at Section 3.1(a)(xviii)operations, all of which were reasonable when made and continue to be reasonable at the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Andover Medical, Inc.)

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