No Change in Financial Condition. Since the ending date of the financial statement described in Section 4.4, there has been no change in the assets, liabilities, financial condition or operation of the Borrower, other than changes in the ordinary course of business, the effect of which have not, individually or in the aggregate, been materially adverse.
No Change in Financial Condition. There shall be no material adverse change in the financial condition of Borrower, which, in the good faithjudgment of Lender, would materially impair the ability of Borrower to pay or perform any of the Liabilities. Borrower shall not be involved in any bankruptcy, reorganization or insolvency proceedings, or in Default under any Debt owed to Lender or any of Lender's affiliates.
No Change in Financial Condition. There shall be no material change (specifically including but not limited to a Material Adverse Effect) as to the financial condition of Borrower reflected in the financial statements furnished to Lender concurrently herewith or as may be required to be furnished hereafter.
No Change in Financial Condition. Except as set forth in Schedule 3.10 attached to this Agreement, since the Financial Statement Date, there has not been, and iNet does not know of (i) any event, condition or state of facts that has resulted or may reasonably be expected to result in any material adverse change in the financial condition, business, sales, income, properties, assets or liabilities of iNet from that shown on the Financial Statements; or (ii) any material adverse change with respect to any contracts to which iNet is a party or any event, circumstance, fact or other occurrence which may result in any material adverse change to the financial condition, business, sales, income, properties or assets of iNet; or
No Change in Financial Condition. Since the ending date of the -------------------------------- Financial Statements described in Section 7.3, there shall not be any change in the assets, liabilities, financial condition or operations of the Borrower, other than changes in the ordinary course of business, nor shall the Borrower have incurred any obligation or Indebtedness which would adversely affect its financial condition, operations or the Collateral, except as the Borrower's business may be modified to satisfy the requirements of the Securities and Exchange Commission and/or the NASD.
No Change in Financial Condition. SOLVENCY.
4.4(1) There has been no material adverse change in Borrower's financial condition since February 25, 1998.
4.4(2) Borrower's assets, at a fair valuation, exceed Borrower's liabilities (including, without limitation, contingent liabilities), Borrower has the capacity to pay its debts, and Borrower has capital and assets sufficient to carry on its business.
No Change in Financial Condition. At the date of execution of this Agreement, there has been no material adverse change in the financial condition of the Concessionaire, the Initial Shareholders, each Project Contractor or the parent company of any Project Contractor that is a special purpose vehicle since the date of their latest audited consolidated accounts that would have a material adverse effect on the Concessionaire's ability to perform its obligations under this Agreement and the other Project Agreements.
No Change in Financial Condition. Except as set forth in Schedule 3.10 attached to this Agreement, since the Financial Statement Date, there has not been, and neither the Principal Shareholder of Piper nor Piper know of (i) any event, condition or state of facts that has resulted or may reasonably be expected to result in any material adverse change in the financial condition, business, sales, income, properties, assets or liabilities of Piper from that shown on the Financial Statements; or (ii) any material adverse change with respect to any contracts to which Piper is a party or any event, circumstance, fact or other occurrence which may result in any material adverse change to the financial condition, business, sales, income, properties or assets of Piper; or
No Change in Financial Condition. Except as set forth in Exhibit 4.1.7 attached hereto, since September 30, 1999, there has not been, ------------- and neither the Shareholder nor the Target knows of (i) any event, condition or state of facts that has resulted or may reasonably be expected to result in any material adverse change in the financial condition, business, sales, income, properties, assets or liabilities of the Target; or (ii) any material adverse change with respect to any contracts to which the Target is a party or any event, circumstance, fact or other occurrence which may result in any material adverse change to the financial condition, business, sales, income, properties or assets of the Target; or
No Change in Financial Condition. The Company=s financial operations are consolidated with those of its corporate parent, the Guarantor, for accounting presentation and federal income tax purposes. The annual, quarterly and other required filings periodically made by the Guarantor with the United States Securities and Exchange Commission (the AS.E.C.@) are incorporated herein by reference. Since the adoption by the Issuer on January 18, 1999, of a reimbursement resolution in respect of the financing of the Project Facilities, there has been no material adverse change in the financial condition of the Guarantor from the condition reflected in the S.E.C. statements filed by the Guarantor as of such date.
