ATC Financial Statements definition
Examples of ATC Financial Statements in a sentence
ATC owns, directly or indirectly, all of the outstanding capital stock and equity interests (as shown in Section 4.1(d) of the ATC Disclosure Schedule) of each Subsidiary, free and clear of all Liens (except for Permitted Liens or except as described in the notes to the ATC Financial Statements or set forth in Section 4.1(d) of the ATC Disclosure Schedule), and all such stock or other equity interests has been duly authorized and validly issued and is fully paid and nonassessable.
ATC will use its reasonable business efforts to ensure that such financial statements will have been prepared in accordance with GAAP applied on a basis consistent with the ATC Financial Statements and will present fairly in all material respects the financial condition, results of operation and cash flow of ATC.
Except as described in the notes to the ATC Financial Statements or disclosed in Section 4.4(a) of the ATC Disclosure Statement, all such improvements comply with all Applicable Laws, ATC Governmental Authorizations and ATC Private Authorizations, except where noncompliance is not reasonably likely to have a Material Adverse Effect on ATC.
Since the date of the most recent financial statements constituting a part of the ATC Financial Statements, except to the extent specifically described in the ATC SEC Documents, there has been no change with respect to ATC or any of its Subsidiaries that has had a material adverse effect on ATC.