No Material Deviation in Financial Statements. All consolidated financial statements for Parent and its Subsidiaries delivered to Lender fairly present in all material respects the Borrower’s consolidated financial condition and consolidated results of operations. There has not been any material deterioration in the Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Lender.
Appears in 2 contracts
Samples: Loan and Security Agreement (Cerus Corp), Loan and Security Agreement (Cerus Corp)
No Material Deviation in Financial Statements. All consolidated financial statements for Parent and its Borrowers and any of their Subsidiaries delivered to Lender Bank fairly present in all material respects the BorrowerParent’s and Borrowers’ consolidated financial condition and the Parent’s and Borrowers’ consolidated results of operationsoperations as of the dates of such financial statements. There has not been any material deterioration in the Parent’s or any Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to LenderBank.
Appears in 2 contracts
Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc), Loan and Security Agreement (Sciclone Pharmaceuticals Inc)
No Material Deviation in Financial Statements. All consolidated financial statements for Parent and any of its Subsidiaries delivered to Lender Bank fairly present in all material respects the BorrowerParent’s consolidated financial condition and Parent’s consolidated results of operations. There has not been any material deterioration in the BorrowerParent’s consolidated financial condition since the date of the most recent financial statements submitted to LenderBank that could reasonably be expected to result in a Material Adverse Change.
Appears in 2 contracts
Samples: Loan and Security Agreement (Conexant Systems Inc), Loan and Security Agreement (Conexant Systems Inc)
No Material Deviation in Financial Statements. All consolidated financial statements for of Parent and its Subsidiaries delivered to Lender Bank fairly present in all material respects the BorrowerParent’s consolidated financial condition and Parent’s consolidated results of operationsoperations as of the dates and for the periods presented (except with respect to unaudited financial statements, subject to normal year-end adjustments and for tire absence of footnotes). There has not been any material deterioration in the BorrowerParent’s consolidated financial condition since the date of the most recent financial statements submitted to LenderBank.
Appears in 1 contract
