Common use of Financials Complete and Accurate Clause in Contracts

Financials Complete and Accurate. The financial statements of each member of the Leasing Group given to Lessor in connection with the execution and delivery of the Lease Documents were true, complete and accurate, in all material respects, and fairly presented the financial condition of each such member of the Leasing Group as of the date thereof and for the periods covered thereby, having been prepared in accordance with GAAP and such financial statements disclosed all liabilities, including, without limitation, contingent liabilities, of each such member of the Leasing Group as of the date thereof. There has been no material adverse change since such date with respect to the Net Worth of any such member of the Leasing Group or with respect to any other matters contained in such financial statements, nor have any additional material liabilities, including, without limitation, contingent liabilities, of any such member of the Leasing Group arisen or been incurred or asserted since such date except as otherwise disclosed to Lessor. The projections heretofore delivered to Lessor continue to be reasonable (with respect to the material assumptions upon which such projections are based) and Lessee reasonably anticipates based on information currently available to it after due inquiry the results projected therein will be achieved, there having been (a) no material adverse change in the business, assets or condition, financial or otherwise of any such member of the Leasing Group or the Leased Property and (b) no material depletion of the cash or decrease in working capital of any such member of the Leasing Group.

Appears in 3 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

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Financials Complete and Accurate. The financial statements of each member of the Leasing Group given to the Lessor in connection with the execution and delivery of the Lease Documents were true, complete and accurate, in all material respects, and fairly presented the financial condition of each such member of the Leasing Group as of the date thereof and for the periods covered thereby, having been prepared in accordance with GAAP and such financial statements disclosed all material liabilities, including, without limitation, contingent liabilities, of each such member of the Leasing Group as of the date thereof. There has been no material adverse change since such date with respect to the Tangible Net Worth of any such member of the Leasing Group or with respect to any other matters contained in such financial statements, nor have any additional material liabilities, including, without limitation, contingent liabilities, of any such member of the Leasing Group arisen or been incurred or asserted since such date except as otherwise disclosed to Lessordate. The projections heretofore delivered to the Lessor continue to be reasonable (with respect to the material assumptions upon which such projections are based) and the Lessee reasonably anticipates based on information currently available to it after due inquiry the results projected therein will be achieved, there having been (aA) no material adverse change in the business, assets or condition, financial or otherwise of any such member of the Leasing Group or the Leased Property and (bB) no material depletion of the cash or decrease in working capital of any such member of the Leasing Group.

Appears in 3 contracts

Samples: Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc)

Financials Complete and Accurate. The financial statements of each member of the Leasing Group given to Lessor in connection with the execution and delivery of the Lease Documents were true, complete and accurate, in all material respects, and fairly presented the financial condition of each such member of the Leasing Group as of the date thereof and for the periods covered thereby, having been prepared in accordance with GAAP and such financial statements disclosed all liabilities, including, without limitation, contingent liabilities, of each such member of the Leasing 43 Group as of the date thereof. There has been no material adverse change since such date with respect to the Net Worth of any such member of the Leasing Group or with respect to any other matters contained in such financial statements, nor have any additional material liabilities, including, without limitation, contingent liabilities, of any such member of the Leasing Group arisen or been incurred or asserted since such date except as otherwise disclosed to Lessor. The projections heretofore delivered to Lessor continue to be reasonable (with respect to the material assumptions upon which such projections are based) and Lessee reasonably anticipates based on information currently available to it after due inquiry the results projected therein will be achieved, there having been (a) no material adverse change in the business, assets or condition, financial or otherwise of any such member of the Leasing Group or the Leased Property and (b) no material depletion of the cash or decrease in working capital of any such member of the Leasing Group.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

Financials Complete and Accurate. The financial statements of each ofeach member of the ofthe Leasing Group given to Lessor in connection with the execution and delivery of the ofthe Lease Documents were true, complete and accurate, in all material respects, and fairly presented the financial condition of each ofeach such member of the ofthe Leasing Group as of the date thereof and for the periods covered thereby, having been prepared in accordance with GAAP and such financial statements disclosed all liabilities, including, without limitation, contingent liabilities, of each such member of the Leasing Group as of the date thereof. There has been no material adverse change since such date with respect to the Net Worth of any such member of the Leasing Group or with respect to any other matters contained in such financial fnancial statements, nor have any additional material liabilities, including, without limitation, contingent liabilities, of any such member of the Leasing Group arisen or been incurred or asserted since such date except as otherwise disclosed to Lessor. The projections heretofore delivered to Lessor continue to be reasonable (with respect to the material assumptions upon which such projections are based) and Lessee reasonably anticipates based on information currently available to it after due inquiry the results projected therein will be achieved, there having been (a) no material adverse change in the business, assets or condition, financial or otherwise of any such member of the ofthe Leasing Group or the Leased Property and (b) no material depletion of the cash or decrease in working capital of any such member of the Leasing Group.. 47

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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Financials Complete and Accurate. The financial statements of each ofeach member of the ofthe Leasing Group given to Lessor in connection with the execution and delivery of the deliverv ofthe Lease Documents were true, complete and accurate, in all material respects, and fairly presented the financial fmancial condition of each ofeach such member of the ofthe Leasing Group as of the date thereof and for the periods covered thereby, having been prepared in accordance with GAAP and such financial fnancial statements disclosed all liabilities, including, without limitation, contingent continaent liabilities, of each ofeach such member of the memlier ofthe Leasing Group as of the date thereof. There has been no material adverse change cxxxxx since such date with respect to the Net Worth of any such member of the Leasing Group or with respect to any other matters contained in such financial statements, nor have any additional material rziaterial liabilities, includingincludina, without limitation, contingent liabilities, of any ofany such member of the ofthe 46 Leasing Group arisen or been incurred or asserted since such date except as otherwise disclosed to Lessor. The projections heretofore delivered to Lessor continue coritiriue to be reasonable (with respect to the material assumptions upon which such projections are sizch projections_aze based) and Lessee reasonably anticipates based on information currently available to it after due inquiry the results projected therein will be achieved, there having been (a) no a material adverse change in the business, assets or condition, financial or otherwise of any such member of the Leasing I.easing Group or the Leased Property and (b) no material depletion of the cash or decrease in working capital of any such member of the Leasing Group.. 10.1.14

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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