NET ASSET VALUE AND AUDITED FINANCIAL STATEMENTS Sample Clauses

NET ASSET VALUE AND AUDITED FINANCIAL STATEMENTS. Atlantic has been provided with unaudited financial statements of each of Dominion and Estates dated as of June 30, 2004 and which are attached hereto as EXHIBIT 3.16 and Dominion has agreed to provide audited financial statements to Atlantic within 45 days of Closing (collectively, "Financial Statements"). Such financial statements reflect the assets, liabilities, net worth, profit and loss, and cash flow of each of Dominion and Estates with respect to their businesses. All financial statements referred to herein are complete and correct in all material respects, present fairly the financial condition and results of operations of each company as at the dates of such statements and have been prepared in accordance with generally accepted accounting principles. The books of account and records have been maintained in accordance with good business practice and reflect fairly all properties, assets, liabilities and transactions of each company. Neither Dominion nor Estates has material liabilities or obligations of any kind (whether accrued, absolute, direct, indirect, contingent or otherwise) which are not fully disclosed, accrued or reserved against in its financial statements. Since the last day of the Financial Statements, each has conducted its business only in the ordinary and usual course and have not experienced any material adverse changes in its business or its financial condition. Without limiting the foregoing, neither Dominion nor Estates has:
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NET ASSET VALUE AND AUDITED FINANCIAL STATEMENTS. GRD has been provided with Unaudited financial statements of MJD dated as of August 29, 2006 and which are attached hereto as EXHIBIT 3.16 and has agreed to provide audited financial statements to GRD within 60 days of Closing (collectively, "Financial Statements"). Such financial statements reflect the assets, liabilities, net worth, profit and loss, and cash flow of MJD with respect to their businesses. All financial statements referred to herein are complete and correct in all material respects, present fairly the financial condition and results of operations of each company as at the dates of such statements and have been prepared in accordance with generally accepted accounting principles. The books of account and records have been maintained in accordance with good business practice and reflect fairly all properties, assets, liabilities and transactions of the company. MJD does not have material liabilities or obligations of any kind (whether accrued, absolute, direct, indirect, contingent or otherwise) which are not fully disclosed, accrued or reserved against in its financial statements. Since the last day of the Financial Statements, each has conducted its business only in the ordinary and usual course and have not experienced any material adverse changes in its business or its financial condition. Without limiting the foregoing, MJD has not:
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NET ASSET VALUE AND AUDITED FINANCIAL STATEMENTS. EIU has provided AUTQ with financial statements dated September 30, 2003 audited by an independent accountant and in accordance with U.S. GAAP standards. Such financial statements have been attached hereto as EXHIBIT 3.15. Such financial statements reflect the assets, liabilities, net worth, profit and loss, and cash flow of EIU with respect to its business. All financial statements referred to herein are complete and correct in all material respects, present fairly the financial condition and results of operations of EIU as at the dates of such statements and have been prepared in accordance with generally accepted accounting principles. The books of account and records have been maintained in accordance with good business practice and reflect fairly all properties, assets, liabilities and transactions of EIU. EIU has no material liabilities or obligations of any kind (whether accrued, absolute, direct, indirect, contingent or otherwise) which are not fully disclosed, accrued or reserved against in its financial statements. EIU has no bad debts as of the Closing Date. Since the last day of EIU's last fiscal year, it has conducted its business only in the ordinary and usual course and have not experienced any material adverse changes in its business or its financial condition. Without limiting the foregoing, EIU has not:
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NET ASSET VALUE AND AUDITED FINANCIAL STATEMENTS. GWSN has been provided with audited financial statement of AAPD dated as of 10th September, 2004 and which are attached hereto as EXHIBIT 3.15. Such financial statements reflect the assets, liabilities, net worth, profit and loss, and cash flow of AAPD with respect to its business. All financial statements referred to herein are complete and correct in all material respects, present fairly the financial condition and results of operations of AAPD as at the dates of such statements and have been prepared in accordance with generally accepted accounting principles. The books of account and records have been maintained in accordance with good business practice and reflect fairly all properties, assets, liabilities and transactions of AAPD. AAPD has no material liabilities or obligations of any kind (whether accrued, absolute, direct, indirect, contingent or otherwise) which are not fully disclosed, accrued or reserved against in its financial statements. AAPD has no bad debts as of the Closing Date. Since the last day of AAPD's last fiscal year, it has conducted its business only in the ordinary and usual course and have not experienced any material adverse changes in its business or its financial condition. Without limiting the foregoing, AAPD has not:
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Related to NET ASSET VALUE AND AUDITED FINANCIAL STATEMENTS

  • Unaudited Financial Statements The Acquiring Portfolio shall furnish to the Target Portfolio within ten (10) business days after the Closing Date, an unaudited statement of assets and liabilities and the portfolio of investments and the related statements of operations and changes in net assets as of and for the interim period ending on the Closing Date; such financial statements will represent fairly the financial position and portfolio of investments and the results of its operations as of, and for the period ending on, the dates of such statements in conformity with generally accepted accounting principles applied on a consistent basis during the period involved and the results of its operations and changes in financial position for the periods then ended; and such financial statements shall be certified by the Treasurer of the Acquiring Portfolio as complying with the requirements hereof.

  • Audited Financial Statements The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in shareholder’s equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

  • Annual Audited Financial Statements As soon as available, but no later than one hundred eighty (180) days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm reasonably acceptable to Bank;

  • Financial Statements; Fiscal Year The Current Financials were prepared in accordance with GAAP and present fairly, in all material respects, the consolidated financial condition, results of operations, and cash flows of the Companies as of, and for the portion of the fiscal year ending on the date or dates thereof (subject only to normal audit adjustments). All material liabilities of the Companies as of the date or dates of the Current Financials are reflected therein or in the notes thereto. Except for transactions directly related to, or specifically contemplated by, the Loan Documents or disclosed in the Current Financials, no subsequent material adverse changes have occurred in the consolidated financial condition of the Companies from that shown in the Current Financials. The fiscal year of each Company ends on December 31.

  • Year-End Financial Statements As soon as available but no later than one hundred (100) days after and as of the end of each financial reporting year, a complete copy of Borrower's audit report, which shall include balance sheet, income statement, statement of changes in equity and statement of cash flows for such year, prepared and certified by an independent certified public accountant selected by Borrower and satisfactory to Lender (the "Accountant"). The Accountant's certification shall not be qualified or limited due to a restricted or limited examination by the Accountant of any material portion of Borrower's records or otherwise.

  • Financial Statements; Pro Forma Balance Sheet; Projections On or prior to the Initial Borrowing Date, the Administrative Agent shall have received true and correct copies of the historical financial statements, the pro forma financial statements and the Projections referred to in Sections 8.05(a) and (d), which historical financial statements, pro forma financial statements and Projections shall be in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders.

  • Annual Financial Statements Within 90 days after the end of each Fiscal Year, commencing with the Fiscal Year ending December 31, 2011, (i) the consolidated balance sheets of Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Borrower and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year commencing with the first Fiscal Year for which such corresponding figures are available, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; and (ii) with respect to such consolidated financial statements a report thereon by an independent certified public accountant (or accountants) of recognized national standing selected by Borrower, and reasonably satisfactory to Administrative Agent (which report and/or the accompanying financial statements shall be unqualified as to going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants stating (1) that their audit examination has included a review of the terms of Section 6.7 of this Agreement and the related definitions, (2) whether, in connection therewith, any condition or event that constitutes a Default or an Event of Default under Section 6.7 has come to their attention and, if such a condition or event has come to their attention, specifying the nature and period of existence thereof, and (3) that nothing has come to their attention that causes them to believe that the information contained in any Compliance Certificate is not correct or that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof (which statement may be limited to the extent required by accounting rules or guidelines);

  • Audited Financials The consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at June 30, 1998 and the related consolidated statements of income and of cash flows for the fiscal year ended on such date, copies of which have heretofore been furnished to each Bank, present fairly the consolidated financial condition of the Borrower and its consolidated Subsidiaries as at such date, and the consolidated results of their operations and their consolidated cash flows for the fiscal year then ended. All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved. Neither the Borrower nor any of its consolidated Subsidiaries had, as of December 31, 1998, any material Contingent Obligation, liability for taxes, or any long-term lease or unusual forward or long-term commitment, including, without limitation, any Interest Hedge Agreement, which is not reflected in the financial statements contained in the Borrower's Quarterly Report on Form 10-Q for the period ended December 31, 1998 or the notes thereto.

  • Historical Financial Statements The Historical Financial Statements were prepared in conformity with GAAP and fairly present, in all material respects, the financial position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results of operations and cash flows, on a consolidated basis, of the entities described therein for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments. As of the Closing Date, neither Holdings nor any of its Subsidiaries has any contingent liability or liability for taxes, long-term lease or unusual forward or long-term commitment that is not reflected in the Historical Financial Statements or the notes thereto and which in any such case is material in relation to the business, operations, properties, assets, condition (financial or otherwise) or prospects of Holdings and any of its Subsidiaries taken as a whole.

  • Pro Forma Financial Statements Agent shall have received a copy of the Pro Forma Financial Statements which shall be satisfactory in all respects to Lenders;

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