Initial Financial Statements; No Material Adverse Effect. (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements were prepared in accordance with GAAP, subject, in the case of unaudited financial statements, to changes resulting from normal year-end adjustments and absence of footnotes. The Initial Financial Statements fairly present in all material respects the Borrower’s Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s operations for the periods thereof and the Borrower’s Consolidated cash flows for the period thereof.
(b) Since December 31, 2016, no event or circumstance has occurred that has had a Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements were prepared in accordance with GAAP. The Initial Financial Statements fairly present, in all material respects, the Borrower’s Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s operations for the periods thereof and the Borrower’s Consolidated cash flows for the periods thereof.
(b) Since December 31, 2012, no event or circumstance has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Borrower Financial Statements were prepared in accordance with GAAP. The Initial Borrower Financial Statements fairly present the Borrower’s Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s operations for the periods thereof and the Borrower’s Consolidated cash flows for the period thereof.
(b) Since the date of the Initial Borrower Financial Statements, no event or circumstance has occurred that has had a Material Adverse Effect. Since the date of the Initial ETP Financial Statements, based upon the ETP Reporting, no event or circumstance has occurred that has had or would reasonably be expected to have an ETP Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Borrower Financial Statements were prepared in accordance with GAAP. The Initial Borrower Financial Statements fairly present the Borrower’s or the Company’s, as applicable, Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s or the Company’s, as applicable, operations for the periods thereof and the Borrower’s or the Company’s, as applicable, Consolidated cash flows for the periods thereof.
(b) Since the date of the unaudited Initial Borrower Financial Statements, no event or circumstance has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect. Since the date of the unaudited Initial ETP Financial Statements, based upon the ETP Reporting, no event or circumstance has occurred that has had, or could reasonably be expected to have, an ETP Material Adverse Effect. Since the date of the unaudited Initial Regency Financial Statements, based upon the Regency Reporting, no event or circumstance has occurred that has had or would reasonably be expected to have a Regency Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. (a) The Guarantor has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements were prepared in accordance with GAAP. The Initial Financial Statements fairly present the Guarantor’s Consolidated financial position at the respective dates thereof, the Consolidated results of the Guarantor’s operations for the respective periods thereof and the Guarantor’s Consolidated cash flows for the respective periods thereof.
(b) Since the date of the audited Initial Financial Statements, no event or circumstance has occurred that has had a Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Borrower Financial Statements were prepared in accordance with GAAP. The Initial Borrower Financial Statements fairly present the Borrower’s or the Company’s, as applicable, Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s or the Company’s, as applicable, operations for the periods thereof and the Borrower’s or the Company’s, as applicable, Consolidated cash flows for the periods thereof.
(b) Since December 31, 2011, no event or circumstance has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect. Since December 31, 2011, based upon the ETP Reporting, no event or circumstance has occurred that has had, or could reasonably be expected to have, an ETP Material Adverse Effect. Since December 31, 2011, based upon the Regency Reporting, no event or circumstance has occurred that has had or would reasonably be expected to have a Regency Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. (a) The MLP has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements were prepared in accordance with GAAP and fairly present in all material respects the MLP’s Consolidated financial position at the date thereof, the Consolidated results of the MLP’s operations for the period thereof and the MLP’s Consolidated cash flows for the period thereof. To the extent the representation and warranties set forth in the preceding sentence of this Section 5.06(a) are made pursuant to Section 4.02(a) with respect to unaudited financial statements delivered pursuant to Section 6.01(b), such representations and warranties are subject to changes resulting from normal year-end audit adjustments and absence of footnotes.
(b) Since December 31, 2014, no event or circumstance has occurred that has had a Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements were prepared in accordance with GAAP. The Initial Financial Statements fairly present the Borrower’s Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s operations for the periods thereof and the Borrower’s Consolidated cash flows for the period thereof.
(b) Since August 31, 2007, the date of the most recent audited Consolidated annual financial statements of the Borrower, no event or circumstance has occurred that has had a Material Adverse Effect.
Initial Financial Statements; No Material Adverse Effect. The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Borrower Financial Statements were prepared in accordance with GAAP. The Initial Borrower Financial Statements fairly present the Borrower’s Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s operations for the periods thereof and the Borrower’s Consolidated cash flows for the periods thereof.
Initial Financial Statements; No Material Adverse Effect. (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements were prepared in accordance with GAAP, subject, in the case of unaudited financial statements, to changes resulting from normal year-end adjustments and absence of footnotes. The Initial Financial Statements fairly present in all material respects the Borrower’s Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s operations for the periods thereof and the Borrower’s Consolidated cash flows for the period thereof.
(b) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Pro Forma Financial Statements. The Pro Forma Financial Statements were prepared in good faith based on assumptions believed to be reasonable at the time. The Pro Forma Financial Statements fairly present in all material respects the Borrower’s Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s operations for the periods thereof and the Borrower’s Consolidated cash flows for the period thereof, in each case after giving effect to the Transactions as if the Transactions had occurred as of such date or at the beginning of such period, as applicable.
(c) Since December 31, 2014, no event or circumstance has occurred that has had a Material Adverse Effect.
