CORRECTNESS OF FINANCIAL STATEMENT definition

CORRECTNESS OF FINANCIAL STATEMENT. The audited consolidated financial statements of Borrower dated as of December 31, 2000, and the unaudited interim consolidated financial statements of Borrower dated as of September 30, 2001, heretofore delivered by Borrower to Agent, (a) are complete and correct and present fairly the financial condition of Borrower as of the date thereof; (b) disclose all liabilities of Borrower that are required to be reflected or reserved against under GAAP, whether liquidated or unliquidated, fixed or contingent; and (c) have been prepared in accordance with GAAP. Since September 30, 2001, there has been no material adverse change in the financial condition of Borrower, nor has Borrower mortgaged, pledged or granted a security interest in or otherwise encumbered any of its assets or properties except as permitted by this Agreement or as disclosed by Borrower to Agent in the Disclosure Schedule or in Pro Forma financial statements previously delivered by Borrower to Agent, other than Permitted Liens."
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Related to CORRECTNESS OF FINANCIAL STATEMENT

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • 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.

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.

  • Financial Statements has the meaning set forth in Section 3.06.

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Financial Statement Date means December 31, 1999.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • 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.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Body charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Seller Financial Statements has the meaning set forth in Section 3.5(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.

  • 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.