Financial Condition of Borrower definition

Financial Condition of Borrower. Any representation or warranty submitted to the City concerning the financial conditions or credit standing of the Borrower proves to be materially false or misleading, or if the Borrower shall fail to furnish any financial information requested by the City, or, in the City's opinion, there shall occur a material adverse change in the financial condition or credit standing of the Borrower.
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Examples of Financial Condition of Borrower in a sentence

  • Any and all obligations to pay royalties or other charges with respect to such properties and assets are properly reflected on the financial statements furnished from time to time and described in Section 4.1.11 (Financial Condition of Borrower) above to the extent required by GAAP.

  • Financial Condition of Borrower and Guarantors.................................................

  • The financial statements referred to in Section 4.1.11 (Financial Condition of Borrower) of this Agreement, the Financing Documents (including, without limitation, this Agreement), and the statements, reports or certificates furnished by the Borrower in connection with the Financing Documents (a) do not contain any untrue statement of a material fact and (b) when taken in their entirety, do not omit any material fact necessary to make the statements contained therein not misleading.

  • All tax liabilities of the Borrower were as of the date of audited financial statements referred to in Section 4.1.11 (Financial Condition of Borrower) above, and are now, adequately provided for on the books of the Borrower and its Subsidiaries, as appropriate.

  • Section 8.01 Guaranty of the Obligations 140 Section 8.02 Payment by Guarantors 141 Section 8.03 Liability of Guarantors Absolute 141 Section 8.04 Waivers by Guarantors 143 Section 8.05 Guarantors’ Rights of Subrogation, Contribution, Etc 145 Section 8.06 Subordination of Other Obligations 145 Section 8.07 Continual Guaranty 146 Section 8.08 Authority of Guarantors or Borrower 146 Section 8.09 Financial Condition of Borrower 146 Section 8.10 Bankruptcy, Etc.

  • The Borrower has good and marketable title to or good leasehold interest in all of its properties, including, without limitation, the Collateral and the properties and assets reflected in the Pro Forma Balance Sheet and the balance sheets described in Section 4.1.11 (Financial Condition of Borrower) above,subject to Permitted Liens.

  • The Combined Statements of Financial Condition of Borrower and Xxxxxxxxx X.

  • EU-DOCS\22159719 EU-DOCS\22159719 TABLE OF CONTENTS SECTION 1 DEFINED TERMS 2 1.1 Definitions 2 1.2 Other Definitional Provisions 4 SECTION 2 GUARANTEE 4 2.1 Guarantee of Guaranteed Obligations 4 2.2 Limitation on Obligations Guaranteed 4 2.3 Nature of Guarantee; Continuing Guarantee; Waivers of Defenses Etc 4 2.4 Rights of Reimbursement, Contribution and Subrogation 6 2.5 Payments 6 2.6 Subordination of Other Obligations 6 2.7 Financial Condition of Borrower and other Guarantors 7 2.8 Bankruptcy, Etc.

  • The Borrower has good and marketable title to or good leasehold interest in all of its properties, including, without limitation, the Collateral and the properties and assets reflected in the Pro Forma Balance Sheet and the balance sheets described in Section 4.1.11 (Financial Condition of Borrower) above, subject to Permitted Liens.

Related to Financial Condition of Borrower

  • Special Condition means a condition of a Transporter's Licence or Shipper's Licence other than a Standard Condition;

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Hazardous financial condition means that, based on its present or reasonably anticipated financial condition, a risk retention group, although not yet financially impaired or insolvent, is unlikely to be able:

  • Financial Consequences means a financial sanction imposed for an anti-doping rule violation or to recover costs associated with an anti-doping rule violation; and

  • Financial Contract of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction.

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • Borrowers on a Consolidated Basis means the consolidation in accordance with GAAP of the accounts or other items of the Borrowers and their respective Subsidiaries.

  • Financial Covenant has the meaning specified in Section 7.08.

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).

  • Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project;

  • Financial Contracts means any arrangement that:

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Financial Contribution means a contribution from an implementing partner in the form of own risk-taking capacity that is provided on a pari passu basis with the EU guarantee or in another form that allows an efficient implementation of the InvestEU Programme while ensuring appropriate alignment of interest;

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Non-Consolidation Opinion means that certain substantive non-consolidation opinion delivered to Lender in connection with the closing of the Loan.

  • General Condition means these General Terms and Conditions of Contract.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Environmental Conditions means any conditions of the environment, including, without limitation, the work place, the ocean, natural resources (including flora or fauna), soil, surface water, ground water, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by the use, handling, storage, treatment, recycling, generation, transportation, Release or threatened Release or other management or mismanagement of Regulated Substances resulting from the use of, or operations on, the Property.

  • Lender’s Environmental Liability means any and all losses, liabilities, obligations, penalties, claims, litigation, demands, defenses, costs, judgments, suits, proceedings, damages (including consequential damages), disbursements or expenses of any kind or nature whatsoever (including reasonable attorneys’ fees at trial and appellate levels and experts’ fees and disbursements and expenses incurred in investigating, defending against or prosecuting any litigation, claim or proceeding) which may at any time be imposed upon, incurred by or asserted or awarded against the Administrative Agent, any Lender or any Issuer or any of such Person’s Affiliates, shareholders, directors, officers, employees, and agents in connection with or arising from:

  • General Conditions means the “International Development Association General Conditions for Credits and Grants”, dated July 1, 2005 (as amended through October 15, 2006).

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.