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 faith judgment of Lxxxxx, 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, nor shall Borrower be in Default under any Debt owed to Lender or any of Lender’s affiliates.
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 (iii) any damage, destruction or loss to the properties, assets or business of the Target, whether or not covered by insurance, as the result of any fire, explosion, accident, casualty, labor disturbance or interruption, requisition or taking of property by any governmental body or agency, flood, embargo, or act of God or the public enemy, or cessation, interruption or diminution of operations, which has materially and adversely affected or impaired or which may be reasonably expected to materially or adversely affect or impair the conduct of the Target's operations or business; or (iv) any labor trouble or, to the best of Shareholder's or the Target's knowledge, any event or condition of any character which has materially and adversely affected or which may be reasonably expected to materially and adversely affect or impair the conduct of the Target's operations or business; or (v) any declaration, setting aside or payment of any dividend, or any other distribution (whether in cash, stock or other property), in respect of the Target Stock; or (vi) any redemption, purchase or other acquisition by the Target of any of the Target Stock; or (vii) any significant loss of customers of the Target or any delivery of a notice of non-renewal or any other failure to renew contracts between Target and any of its significant customers.
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 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 (iii) any transfer, removal or other disposition of the assets and properties of iNet not in the ordinary course of business or any material damage, destruction or loss to its properties, assets or business of iNet, whether or not covered by insurance, as the result of any fire, explosion, accident, casualty, labor disturbance or interruption, requisition or taking of property by any governmental body or agency, flood, embargo, or act of God or the public enemy, or cessation, interruption or diminution of operations, which has materially and adversely affected or impaired or which may be reasonably expected to materially or adversely affect or impair the conduct of iNet's operations or business; or (iv) any labor trouble other than routine grievances (including, without limitation, any negotiation, or request for negotiation, for any representation or any labor contract) or to the knowledge of iNet any event or condition of any character which has materially and adversely affected or which may be reasonably expected to materially and adversely affect or impair the conduct of iNet's operations or business; or (v) any declaration, setting aside or payment of any dividend, or any distribution, in respect of the iNet Stock; or (vi) any redemption, purchase or other acquisition by iNet of any shares of the iNet Stock; or (vii) any significant loss of customers of iNet.
No Change in Financial Condition. Topro's financial condition shall not have changed materially from that described in its Form 10- QSB for the quarter ended September 30, 1996.
No Change in Financial Condition. SOLVENCY.
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.
No Change in Financial Condition. No change shall have occurred in the financial condition of Borrower, SALI, or SALXX xx in the Net Revenues Available of any Property, which would have, in GECC's judgment, a material adverse effect on such Property or
No Change in Financial Condition. Except as set forth in Exhibit 4.1.9 attached hereto, since the Financial Statement Date, there has not been, and neither the Red River Shareholders nor the Company 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 the Company from that shown on the Financial Statements; or (ii) any material adverse change with respect to any contracts to which the Company 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 Company; or (iii) any material damage, destruction or loss to the properties, assets or business of the Company, whether or not covered by insurance, as the result of any fire, explosion, accident, casualty, labor disturbance or interruption, requisition or taking of property by any governmental body or agency, flood, embargo, or act of God or the public enemy, or cessation, interruption or diminution of operations, which has materially and adversely affected or impaired or which may be reasonably expected to materially or adversely affect or impair the conduct of the Company's operations or business; or (iv) any labor trouble other than routine grievances (including without limitation any negotiation, or request for negotiation, for any representation or any labor contract) or to the Red River Shareholders' and the Company's knowledge any event or condition of any character which has materially and adversely affected or which may be reasonably expected to materially and adversely affect or impair the conduct of the Company's operations or business; or (v) any declaration, setting aside or payment of any dividend, or any distribution, in respect of the Red River Stock; or (vi) any redemption, purchase or other acquisition by the Company of any shares of the Red River Stock; or (vii) any significant loss of customers of the Company.
