Common use of No Change in Financial Condition Clause in Contracts

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.

Appears in 3 contracts

Samples: Asset Based Loan and Security Agreement (Mazel Stores Inc), Loan Agreement (Mazel Stores Inc), Asset Based Loan and Security Agreement (Mazel Stores Inc)

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No Change in Financial Condition. Since the ending date of the financial statement -------------------------------- Financial Statements described in Section 4.45.4, there has been no change in the assets, liabilities, financial condition or operation operations 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.

Appears in 1 contract

Samples: Investment and Loan Agreement (Medicore Inc)

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