Pro Formas. Set forth on Exhibit B is the current estimated sources and uses of funds in connection with the Contribution Agreement, the Debt and Preferred Equity Financing and the consummation of the Transactions, which reflect the current assumptions regarding the sources and uses of funds for such purposes, and Merger Sub shall notify the Special Committee of any material changes in such estimated sources and uses of funds.
Pro Formas. Guarantor has heretofore furnished to the Lessor its pro forma consolidated balance sheet as of December 31, 2000 and projected pro forma statements of operations and cash flows for the fiscal year ended December 31, 2001. Such projected pro forma consolidated balance sheets and statements of operations and cash flows (i) have been prepared in good faith based on the same assumptions used to prepare the pro forma financial statements (which assumptions are believed by Lessee and Guarantor to be reasonable), (ii) are based on the best information available to Lessee and Guarantor after due inquiry, (iii) present fairly, in all material respects, the pro forma financial position of Lessee and Guarantor as of such date and for such periods.
Pro Formas. The applicant must provide a detailed development and operating pro forma. The development pro forma must outline the proposed hard, soft, and financing costs associated with the proposed development. It must also identify all sources of financing and terms including the applicant’s equity, construction, and permanent financing and any government assistance. The detailed operating pro forma shall include all anticipated major revenues and expenses for the full term of the requested PILOT.
Pro Formas. The Pro Formas.
Pro Formas. Borrower has furnished to Lender, (i) profit and loss statements and cash flow projections for each Reporting Period after the Closing through December 21, 2003, and (ii) balance sheets, profit and loss statements and cash flow projections reflected annually for the next five (5) Fiscal Years, including the Fiscal Year 1999, all certified by the Chief Executive Officer or a Vice President of Borrower and (except as stated above), based on Generally Accepted Accounting Principles, and on financial data as of the Closing Date, and which are attached hereto as Schedule 7.11 (the "Pro Formas"). The Pro Formas are complete and accurate, and fairly present Borrower's assets, liabilities and financial condition, on the bases described above, as of the Closing Date, but taking into account the transactions contemplated by this Agreement and those contemplated as of the Closing Date under the other Loan Documents. There are no omissions from the Pro Formas or other facts and circumstances not reflected in the Pro Formas which are or may be material.
Pro Formas. Promptly upon their becoming available, but in no event later than 60 days after the Closing Date, the pro forma consolidated balance sheets of Company and its Subsidiaries as of the Closing Date, prepared in accordance with GAAP and reflecting the consummation of the transactions contemplated by the Credit Documents to occur on or prior to the Closing Date and the Restructuring Transactions, which pro forma financial statements shall be in form and substance satisfactory to Administrative Agent and Requisite Lenders.
Pro Formas. The consolidated and consolidating pro forma financial statements of the Borrower as of the date of this Agreement being delivered herewith to the Lender are (and all financial statements hereafter delivered pursuant to this Agreement) will be complete and accurate, fairly presenting the financial condition of the Borrower in all material respects as of the date thereof and for the periods covered thereby, all being prepared in accordance with GAAP consistently applied throughout the relevant periods. Borrower has no liability, contingent or otherwise, not disclosed in the aforesaid financial statements or in any notes thereto that could materially adversely affect the financial condition of the Borrower. The Borrower has delivered to the Lender projected balance sheets and statements of income for each of the fiscal years ending April 30, 2005 through April 30, 2007. The projected financial statements referred to in the preceding sentence (including the material assumptions and adjustments made in their preparation) were reasonable when made and continue to be reasonable, subject to the reasonable uncertainty in any projections. The following representations are true at the date hereof and shall be true at the date of each Advance, in each case since the date of the most recently delivered financial statements: (i) there has been no material adverse change in the business, assets or condition, financial or otherwise of the Borrower; (ii) neither the business, condition or operations of the Borrower nor any of its respective properties or assets had materially adversely affected as the result of any legislative or regulatory change, any revocation or change in any franchise, license or right to do business, or any other event or occurrence, whether or not insured against; (iii) Borrower has experienced no material controversy or problem with its employees or with any labor organizations; and (iv) Borrower has not entered into any material transaction not disclosed to Lender other than in the ordinary course of business.
Pro Formas. The Disclosure Schedule contains pro forma operating statements for the applicable Mall for its first year of operation on a monthly basis and each year, on a yearly basis, during the period ending on the date that is 3 years after the anticipated opening of such Mall.
Pro Formas. Purchaser shall have received current pro forma operating statements for the applicable Mall as of a date not earlier than 30 days prior to the initial purchase of the applicable series of Preferred Shares in form and substance satisfactory to Purchaser.
Pro Formas. The pro forma financial statements of the Company and its consolidated subsidiaries and the related notes thereto in the Prospectus (and any supplement thereto), if any, have been prepared on a basis consistent with the historical financial statements of the Company and its consolidated subsidiaries, give effect to the assumptions used in the preparation thereof on a reasonable basis and in good faith and present fairly the transactions purported to be presented. Such pro forma financial statements have been prepared in accordance with the applicable requirements of Rule 11-02 of Regulation S-X promulgated by the Commission. The other pro forma financial and statistical information and data incorporated by reference in the Prospectus (and any supplement thereto) are, in all material respects, accurately presented and prepared on a basis consistent with the pro forma financial statements.
