No Material Adverse Change in Financial Statements. All financial statements relating to Borrower which have been or may hereafter be delivered to BACC (I) have been prepared in accordance with GAAP; (ii) fairly present Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended; and (iii) disclose all contingent obligations of Borrower. In addition no material adverse change in the financial condition of Borrower has occurred since the date of the most recent of such financial statements.
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Samples: Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (Windswept Environmental Group Inc), Loan and Security Agreement (K Tronik International Corp)
No Material Adverse Change in Financial Statements. All financial statements relating to Borrower which have been or may hereafter be delivered to BACC (Ii) have been prepared in accordance with GAAP; (ii) fairly present Borrower's financial condition as of the date thereof and Borrower's results of operations for the period then ended; and (iii) disclose all contingent obligations of Borrower. In addition no material adverse change in the financial condition of Borrower has occurred since the date of the most recent of such financial statements.
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