Common use of No Material Adverse Change in Financial Condition Clause in Contracts

No Material Adverse Change in Financial Condition. All financial statements relating to Borrower which have been or may hereafter be delivered by Borrower to Fremont have been prepared in accordance with GAAP and fairly present Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended. There has been no material adverse change in the financial condition of Borrower since the date of the most recent of such financial statements submitted to Fremont.

Appears in 3 contracts

Samples: Loan and Security Agreement (Annies Homegrown Inc), Loan and Security Agreement (International Food & Beverage Inc /De/), Loan and Security Agreement (Eip Microwave Inc)

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No Material Adverse Change in Financial Condition. All financial statements relating to such Borrower which have been or may hereafter be delivered by such Borrower to Fremont have been prepared in accordance with GAAP and fairly present such Borrower's financial condition as of the date thereof and Borrower's results such Borrxxxx'x xesults of operations for the period then ended. There has been no material adverse change in the financial condition of such Borrower since the date of the most recent of such financial statements submitted to Fremont.

Appears in 1 contract

Samples: Secured Revolving Credit and Letter of Credit Facility (Digital Recorders Inc)

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