Common use of Qualifications of Financial Statements Clause in Contracts

Qualifications of Financial Statements. The auditors qualify their report on any audited consolidated financial statements of the Group in any regard which, in the opinion of the Agent acting on the instructions of an Instructing Group, is material in the context of the Finance Documents and the transactions contemplated thereby.

Appears in 5 contracts

Samples: Senior Facilities Agreement (Corporate Express N.V.), Agreement (Buhrmann Nv), Senior Facilities Agreement (Buhrmann Nv)

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Qualifications of Financial Statements. The auditors of either Group qualify their report on any audited consolidated financial statements of the such Group in any regard which, in the reasonable opinion of the Agent acting on the instructions of an Instructing GroupAgent, is material in the context of the Finance Documents and the transactions contemplated thereby.has a Material Adverse Effect; or

Appears in 3 contracts

Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Corp)

Qualifications of Financial Statements. The auditors of the Group or the Leaseback Group qualify their report on any audited consolidated financial statements of the Group or the Leaseback Group (as the case may be) in any regard which, in the opinion of the Agent acting on the instructions of an Instructing GroupAdministrative Agent, is material in the context of the Finance Documents and the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Facility Agreement (Teekay Shipping Corp)

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Qualifications of Financial Statements. The auditors qualify their report on any audited consolidated financial statements of the Group in any regard which, in the opinion of the Administrative Agent acting on the instructions of an Instructing Group, is material in the context of the Finance Documents and the transactions contemplated thereby.

Appears in 1 contract

Samples: Agreement (Ship Finance International LTD)

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