Review of Financial Condition Sample Clauses

Review of Financial Condition. Guarantor hereby consents and agrees that Lender shall be permitted at any time and from time to time to review and/or confirm the financial condition of Guarantor, including ordering and reviewing credit reports from a nationally recognized credit agency.
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Review of Financial Condition. Prior to the signing of this Agreement, Willow Valley will review the financial condition of Resident to ensure that Resident meets the financial requirements for entrance established by Willow Valley. Willow Valley reserves the right to conduct a periodic review of Resident’s financial condition.
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Review of Financial Condition. Borrower hereby consents and agrees that Lender, upon twenty four (24) hours prior notice to Borrower, shall be permitted at any time and from time to time to review and/or confirm, in a commercially reasonable manner, the financial condition of Borrower and Guarantor and any other obligor under the Loan Documents, including ordering and reviewing credit reports from a nationally recognized credit agency.
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Review of Financial Condition. Pledgor hereby consents and agrees that Lender shall be permitted at any time and from time to time to review and/or confirm the financial condition of Pledgor, including ordering and reviewing credit reports from a nationally recognized credit agency.
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Review of Financial Condition. The undersigned has reviewed the terms of the Agreement, including, without limitation, the representations and warranties of the Borrower and its Subsidiaries set forth in Article IV thereof and the covenants of the Borrower and its Subsidiaries set forth in Article V thereof, and has made, or caused to be made under his or her supervision, a review in reasonable detail of the transactions and condition of the Borrower and its Subsidiaries during the Reporting Periods. The Financial Statements accurately present the financial position of the Borrower and its Subsidiaries as of the date thereof and for the Reporting Periods covered thereby.
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Review of Financial Condition. Following the CADRI sale, the Company ceased to carry on an active business and no longer generates any operating revenue. The Company's operating expenses are limited to corporate costs, classified as administration expenses for financial statement purposes, in connection with the ongoing administration of the Company, including audit and review fees, professional fees, legal fees, as well as other costs directly associated with the operation and maintenance of a publicly traded company. The Company's net loss of $706,456 for the twelve months ended December 31, 2012, represents cost of goods sold of $200,000 plus corporate costs of $598,795 less net finance income of $71,400 and tax recovery of $20,939. The following table provides a breakdown of the Company's corporate costs included in general and administrative expense in the Consolidated Statements of Comprehensive Loss for the three and twelve month periods ended December 31, 2012, with comparative figures for 2011. Corporate Costs Q4 - Three Months YTD - Twelve Months (In 000's) 2012 2011 2012 2011 Salaries - - - 609 Service agreement 45 44 180 44 Insurance 17 20 71 76 Legal 25 260 88 376 Accounting, audit and tax 37 (3) 84 719 Board of directors 26 - 74 - Misc. 57 43 96 317 207 370 599 2,215 Quarterly Financial Results (‘000’s) Q4 - 2012 Q3 - 2012 Q2 - 2012 Q1 - 2012 Q4 - 2011 Q3 - 2011 Q2 - 2011 Q1 - 2011 Sales Earnings (loss) from $ - $ - $ - $ - $ - $ 8,634 $ 10,094 $ 12,180 operating activities $ Earnings (loss) $ Earnings (loss per share (207) $ (192) $ (278) $ (248) $ (161) $ (135) $ (154) $ (131) $ (464) (352) $ (13,611) $ $ (13,587) $ (386) $ (581) $ 223 202 Basic and diluted $ Earnings (loss) per share from operations Basic and diluted $ (0.01) $ (0.01) $ (0.02) $ (0.02) $ (0.01) $ (0.01) $ (0.01) $ (0.01) $ (0.02) $ (0.02) $ (0.89) $ (0.89) $ (0.04) $ (0.04) $ 0.01
Sample 1
Review of Financial Condition. Prior to the date of entry into a Resident's Living Accommodation, Resident shall have a final review with the Community administrator or other authorized person to review the financial condition of Resident and to ensure that no adverse changes in the financial condition of Resident have occurred subsequent to the execution of the application form or financial statement submitted which may render Resident unable to meet the conditions of entrance established, from time to time, by the Community. In the event Resident is unable to meet these financial conditions, the Community may, at its sole discretion, terminate this Agreement prior to Resident's occupancy in which event Resident will receive a refund of all amounts paid in accordance with the provisions of this Agreement. Resident will complete a financial condition statement and submit to Community such financial condition statement and all other financial information reasonably requested for review by Community on an annual basis. Community may terminate this agreement if Resident fails, neglects or refuses to comply with this request for continuing financial information.
Sample 1
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Review of Financial Condition. The undersigned have reviewed the terms of the Guaranty, including, without limitation, the representations and warranties set forth in Article V thereof and the covenants set forth in Article VI and VII thereof, and have made, or caused to be made under their supervision, a review in reasonable detail of the transactions and condition of the Company, the REIT, and their respective Subsidiaries during the Reporting
Sample 1
Review of Financial Condition. The undersigned has reviewed the terms of the Amended and Restated Credit Agreement, including, without limitation, the representations and warranties set forth in Article V thereof and the covenants set forth in Article VI and VII thereof, and has made, or caused to be made under his or her supervision, a review in reasonable detail of the transactions and condition of the Company, the REIT, and their respective Subsidiaries during the reporting periods (the "Reporting Periods") covered by the financial statements being delivered concurrently to the Bank pursuant to the Section 6.01 of the Amended and Restated Credit Agreement (the "Financial Statements"). The Financial Statements accurately present the financial position of the Company, the REIT, and their respective Subsidiaries as of the date thereof and for the Reporting Periods covered thereby.
Sample 1

Related to Review of Financial Condition

  • Financial Condition There shall have been no material adverse change, as determined by Bank, in the financial condition or business of Borrower, nor any material decline, as determined by Bank, in the market value of any collateral required hereunder or a substantial or material portion of the assets of Borrower.

  • Financial Conditions Section 4.01. (a) The Recipient shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Bank, adequate to reflect the operations, resources and expenditures in respect of the Project and each Sub-project (including its cost and the benefits to be derived from it).

  • Investigation of Financial Condition Without in any manner reducing or otherwise mitigating the representations contained herein, Company shall have the opportunity to meet with Buyer's accountants and attorneys to discuss the financial condition of Buyer. Buyer shall make available to Company all books and records of Buyer.

  • Financial Condition of Company Any Credit Extension may be made to Company or continued from time to time, and any Hedge Agreements may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation or at the time such Hedge Agreement is entered into, as the case may be. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor's assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company and its ability to perform its obligations under the Credit Documents and the Hedge Agreements, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Company and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to the business, operations or conditions of Company now known or hereafter known by any Beneficiary.

  • Financial Condition; Financial Statements (a) On and as of the Effective Date, on a pro forma basis after giving effect to the Transaction and to all Indebtedness (including the Loans) incurred, and to be incurred, and Liens created, and to be created, by each Credit Party in connection therewith, with respect to the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis) (x) the sum of the assets, at a fair valuation, of the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis) will exceed its or their debts, (y) it has or they have not incurred nor intended to, nor believes or believe that it or they will, incur debts beyond its or their ability to pay such debts as such debts mature and (z) it or they will have sufficient capital with which to conduct its or their business. For purposes of this Section 8.09(a), “debt” means any liability on a claim, and “claim” means (i) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (ii) right to an equitable remedy for breach of performance if such breach gives rise to a payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured or unsecured. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

  • Changes in Financial Condition Since the date of the Financial Statements, there has not been:

  • Financial Statements; Financial Condition All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank.

  • Solvent Financial Condition Each of Borrower and its Subsidiaries is now and, after giving effect to the Loans to be made hereunder, at all times will be, Solvent.

  • Borrower’s Financial Condition BTC has delivered to BFA, the investment adviser to the Funds, each Borrower’s most recent statements required to be furnished to customers by Rule 17a-5(c) of the Securities and Exchange Commission under the Securities Exchange Act of 1934, or such other documents as may be required, as have been made available to BTC pursuant to the Securities Lending Agreements. BTC shall promptly deliver to any investment adviser for the Funds all statements and financial information subsequently delivered to BTC and required to be furnished to BTC under the Securities Lending Agreements.

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