Common use of Form of financial statements Clause in Contracts

Form of financial statements. All accounts (audited and unaudited) delivered under Clause 10.6 will: (a) be prepared in accordance with all applicable laws and generally accepted accounting principles consistently applied; (b) give a true and fair view of the state of affairs of each Borrower or, as the case may be, the Corporate Guarantor at the date of those accounts and of profit for the period to which those accounts relate; and (c) fully disclose or provide for all significant liabilities of each Borrower or, as the case may be, the Corporate Guarantor.

Appears in 5 contracts

Samples: Amending and Restating Agreement (DryShips Inc.), Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

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Form of financial statements. All accounts (audited and unaudited) delivered under Clause 10.6 11.6 will: (a) be prepared in accordance with all applicable laws and generally accepted acceptable accounting principles consistently appliedapplied and, in the case of any audited financial statements, be prepared by an approved auditor; (b) give a true and fair view of the state of affairs of each Borrower or, as the case may beBorrower, the Corporate Guarantor and the Group at the date of those accounts and of its profit for the period to which those accounts relate; and (c) fully disclose or provide for all significant liabilities of each Borrower or, as the case may beBorrower, the Corporate GuarantorGuarantor and the Group.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Form of financial statements. All accounts (audited and unaudited) delivered under Clause 10.6 11.6 will: (a) be prepared in accordance with all applicable laws and generally accepted accounting principles GAAP consistently applied; (b) give a true and fair view of the state of affairs of each the Borrower or, as the case may be, the Corporate Guarantor and its Subsidiaries at the date of those accounts and of its profit for the period to which those accounts relate; and (c) fully disclose or provide for all significant liabilities of each the Borrower or, as the case may be, the Corporate GuarantorGuarantor and its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Form of financial statements. All accounts (audited and unaudited) delivered under Clause 10.6 will: (a) be prepared in accordance with all applicable laws and generally accepted accounting principles GAAP consistently applied; (b) give a true and fair view of the state financial condition of affairs of each Borrower or, as the case may beGuarantor, the Corporate Second Guarantor and the Borrower at the date of those accounts and of their profit for the period to which those accounts relate; and (c) fully disclose or provide for all significant liabilities of each Borrower or, as the case may beGuarantor, the Corporate GuarantorSecond Guarantor and the Borrower.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Form of financial statements. All accounts (audited and unaudited) delivered under Clause 10.6 11.6 will: (a) be prepared by auditors acceptable to the Agent in accordance with all applicable laws and generally accepted accounting principles consistently appliedIFRS or GXXX; (b) give a true and fair view of the state of affairs fairly represent to financial condition of each Borrower or, as the case may beBorrower, the Corporate Guarantor and its subsidiaries at the date of those accounts and of its profit for the period to which those accounts relate; and (c) fully disclose or provide for all significant liabilities of each Borrower or, as the case may beBorrower, the Corporate GuarantorGuarantor and its subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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Form of financial statements. All accounts (audited and unaudited) delivered under Clause 10.6 11.6 will: (a) be prepared in accordance with all applicable laws and generally accepted accounting principles IFRS standards or US GAAP consistently applied; (b) give a true and fair view of the state of affairs of each Borrower the Guarantor and its subsidiaries or, as the case may be, the Corporate Guarantor Borrower at the date of those accounts and of their profit for the period to which those accounts relate; and (c) fully disclose or provide for all significant liabilities of each Borrower the Guarantor or, as the case may be, the Corporate GuarantorBorrower.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Form of financial statements. All accounts financial statements (audited and unaudited) delivered under Clause 10.6 11.7 (Provision of financial statements) will: (a) be prepared in accordance with all applicable laws and generally accepted US GAAP (or other accounting principles standards acceptable to the Agent) consistently applied; (b) give a true and fair view of the state of affairs of each Borrower or, as the case may be, Borrowers and the Corporate Guarantor at the date of those accounts financial statements and of their profit for the period to which those accounts financial statements relate; and (c) fully disclose or provide for all significant liabilities of each Borrower or, as the case may be, Borrowers and the Corporate Guarantor.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

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