Common use of Qualified Audits Clause in Contracts

Qualified Audits. The independent certified public accountants retained by the Borrowers shall refuse to deliver an opinion in accordance with SECTION 11.1(a) with respect to the annual financial statements of the Borrowers.

Appears in 3 contracts

Samples: Loan and Security Agreement (Winston Furniture Co of Alabama Inc), Loan and Security Agreement (Russell Corp), Loan and Security Agreement (Winsloew Furniture Inc)

AutoNDA by SimpleDocs

Qualified Audits. The independent certified public accountants retained by the Borrowers Borrower shall refuse to deliver an opinion in accordance with SECTION 11.1(aSection 9.1 (a) with respect to the annual financial statements of the BorrowersBorrower and its Consolidated Subsidiaries.

Appears in 2 contracts

Samples: Loan and Security Agreement (International Comfort Products Corp), Loan Agreement (International Comfort Products Corp)

Qualified Audits. The independent certified public accountants retained by the Borrowers any Borrower shall refuse to deliver an opinion in accordance with SECTION 11.1(aSection 10.1(a) with respect to the annual financial statements of the Borrowerssuch Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/)

Qualified Audits. The independent certified public accountants retained by the Borrowers any Borrower or any Guarantor shall refuse to deliver an opinion in accordance with SECTION 11.1(aSection 10.1(a) with respect to the annual financial statements of the Borrowerssuch Borrower or Guarantor.

Appears in 1 contract

Samples: Loan and Security Agreement (Trism Inc /De/)

Qualified Audits. The independent certified public accountants retained by the Borrowers Borrower shall refuse to deliver an opinion in accordance with SECTION 11.1(a9.1 (a) with respect to the annual financial statements of the BorrowersBorrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Dataflex Corp)

Qualified Audits. The independent certified public accountants ---------------- retained by the Borrowers Borrower shall refuse to deliver an opinion in accordance with SECTION 11.1(aSection 9.1 (a) with respect to the consolidated and consolidating annual financial statements of the BorrowersBorrower and its Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

Qualified Audits. The independent certified public accountants retained by the Borrowers any Credit Party shall refuse to deliver an opinion in accordance with SECTION 11.1(a10.1(A) with respect to the annual financial statements of the Borrowerssuch Credit Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Loehmanns Holdings Inc)

Qualified Audits. The independent certified public accountants retained by the Borrowers shall refuse to deliver an opinion in accordance with SECTION 11.1(aSection 9.01(a) with respect to the annual financial statements of the Borrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Intellicall Inc)

Qualified Audits. The independent certified public accountants retained by the Borrowers shall refuse to deliver an unqualified opinion in accordance with SECTION 11.1(a) with respect to the annual financial statements of the Borrowersa Borrower.

Appears in 1 contract

Samples: Loan Agreement (Offshore Tool & Energy Corp)

AutoNDA by SimpleDocs

Qualified Audits. The independent certified public accountants retained by the Borrowers Borrower shall refuse to deliver an opinion in accordance with SECTION 11.1(a) Section 10.1 with respect to the annual financial statements of the BorrowersBorrower.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Freedom Financial Group Inc)

Qualified Audits. The independent certified public accountants retained by the Borrowers shall refuse to deliver an opinion in accordance with SECTION 11.1(a9.01(a) with respect to the annual financial statements of the Borrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Ild Telecommunications Inc)

Qualified Audits. The independent certified public accountants retained by the Borrowers shall refuse to deliver an opinion in accordance with SECTION 11.1(a9.1(a) with respect to the annual financial statements of the Borrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Galileo Corp)

Qualified Audits. The independent certified public accountants retained by the Borrowers or any Borrower shall refuse to deliver an opinion in accordance with SECTION 11.1(aSection 10.1(a) with respect to the annual financial statements of the BorrowersBorrowers or such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear International Corp)

Qualified Audits. The independent certified public accountants retained by the Borrowers Borrower shall refuse to deliver an opinion in accordance with SECTION 11.1(aSection 9.1 (a) with respect to the consolidated and consolidating annual financial statements of the BorrowersBorrower and its Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!