Common use of Financial Statements; Material Adverse Change Clause in Contracts

Financial Statements; Material Adverse Change. The most recent consolidated financial statements of the Borrower and its Subsidiaries delivered to the Lenders prior to the date that this representation is made were prepared in accordance with GAAP in effect on the date such statements were prepared and fairly present the consolidated financial condition and operations of the Borrower and its Subsidiaries at such date and the consolidated results of their operations for the period then ended. Since the date of such financial statements, there has been no change in the business, Property, results of operations or financial condition of the Borrower and its Subsidiaries which have or could be reasonably expected to have a Material Adverse Effect.

Financial Statements; Material Adverse Change. The most recent consolidated financial statements of the Borrower Guarantor and its Subsidiaries delivered to the Lenders prior to the date that this representation is made were prepared in accordance with GAAP in effect on the date such statements were prepared and fairly present the consolidated financial condition and operations of the Borrower Guarantor and its Subsidiaries at such date and the consolidated results of their operations for the period then ended. Since the date of such financial statements, there has been no change in the business, Property, results of operations or financial condition of the Borrower Guarantor and its Subsidiaries which have or could be reasonably expected to have a Material Adverse Effect.