Consolidated Financial Statements means, with respect to any Person, collectively, the consolidated financial statements and notes to those financial statements, of that Person and its Consolidated Subsidiaries prepared in accordance with GAAP.
Consolidated Financials means, for any Fiscal Year or other accounting period of Five Star, annual audited and quarterly unaudited financial statements of Five Star prepared on a consolidated basis, including Five Star’s consolidated balance sheet and the related statements of income and cash flows, all in reasonable detail, and setting forth in comparative form the corresponding figures for the corresponding period in the preceding Fiscal Year, and prepared in accordance with GAAP throughout the periods reflected.
Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).
Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.
Unaudited Financial Statements has the meaning set forth in Section 3.4(a).
Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.
Parent Financial Statements has the meaning set forth in Section 4.6(a).
Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.
Current Financial Statements has the meaning given to such term in Section 5.9.
Audited financial statement means a financial statement audited by an outside accounting firm.
Year-End Financial Statements has the meaning set forth in Section 3.06.
Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.
Seller Financial Statements has the meaning set forth in Section 3.5(a).
Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.
Target Financial Statements has the meaning set forth in Section 3.4.
Financial Statement Date means December 31, 1999.
Interim Financial Statements has the meaning set forth in Section 3.06.
Buyer Financial Statements shall have the meaning set forth in Section 4.6.
Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.
Financial Statements has the meaning set forth in Section 3.06.
Required Financial Statements has the meaning assigned to such term in Section 5.04(2).
consolidated basis means on the basis of the consolidated situation;
Most Recent Financial Statements has the meaning set forth in Section 4(g) below.
Annual Financial Statements has the meaning set forth in Section 3.06.
Audited Financials has the meaning specified in Section 4.6(a).
Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.