Internal Financial Statements definition
Internal Financial Statements means the most recent annual or quarterly financial statements of the Borrower that are internally available at the Borrower.
Internal Financial Statements has the meaning set forth in Section 4.06.
Internal Financial Statements is defined in Section 4.5.1.
Examples of Internal Financial Statements in a sentence
In addition, whenever a financial ratio or test is to be calculated on a pro forma basis or requires pro forma compliance, the reference to “Test Period” for purposes of calculating such financial ratio or test shall be deemed to be a reference to, and shall be based on, the most recently ended Test Period for which Internal Financial Statements are available.
More Definitions of Internal Financial Statements
Internal Financial Statements shall have the meaning set forth in Section 3.2.10.
Internal Financial Statements. THE DEBTOR and each of THE GUARANTORS shall submit to THE CREDITOR on a quarterly basis within forty-five days following the end of each quarter, their interim and internal financial statements. In the case of THE DEBTOR and ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ RICA, S.A., they shall be consolidated and consolidating. All statements shall include an affidavit by the legal representative, stating compliance with the undertakings hereunder made, including but not limited to: the respective financial ratios. Y2K PREPAREDNESS: THE DEBTOR and ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ RICA, S.A. shall submit to THE CREDITOR a statement of Y2K preparedness including a duly approved contingency plan. PAYMENT OF TAXES: THE DEBTOR and ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ RICA, S.A. shall submit on time and in the appropriate form all income tax returns and reports, and pay when due all municipal and property taxes and other government charges, or those that for any reason have been levied on their activities and real and personal property, in particular those that are securities under this instrument. THE DEBTOR and ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ RICA, S.A. shall not be required to pay said taxes while they are contesting, in good faith, their validity or amount following the appropriate legal procedures; but they shall reflect in their financial statements the reserve fund or allowance for payment thereof, if said payment has to be made. MAINTENANCE OF CERTAIN FINANCIAL RATIOS: Financial ratios will be reviewed on a quarterly basis, calculated and measured using a 12 month rolling basis, commencing with the conclusion of the first full year of operation from the date of the loan. During the term of the credit, THE DEBTOR y ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ RICA, S.A., shall maintain on a consolidated basis the following financial ratios: Debt service ratio (defined as: net income + interest + depreciation + amortization/principal + payment of interest), excluding the SELF-GUARANTEED LOAN, shall not fall below the level of one point one zero (1.
Internal Financial Statements means unaudited consolidated financial statements of Borrower and its consolidated Subsidiaries internally prepared in good faith in the ordinary course of business presenting fairly in all material respects the financial condition, results of operations and changes in cash flows of Borrower and its consolidated Subsidiaries in accordance with GAAP (subject only to normal fiscal period-end accounting adjustments and the absence of footnotes), and fully consistent with the audited financial statements of Borrower and its consolidated Subsidiaries delivered pursuant to Section 10.1.2(a).
Internal Financial Statements is defined in Section 6.7(a).
Internal Financial Statements means the internal financial statements of the Borrower, balance sheet, and income statement, prepared in accordance with NIFs, attaching analytical lists of its main control accounts, with information as of the closing of the months of December, March, June, and September, respectively, during the term of the Loan, and as long as there is an outstanding balance owed by the Borrower.
Internal Financial Statements means the financial statements (the statement of financial position, balance sheets, income statements signed by the legal representative and the analytical relationships of the principal accounts) of the Borrower and each of the Joint and Several Obligors, with information as of the closing of the months of December, March, June, and September, respectively. These financial statements must be prepared in accordance with MFRS and, if applicable, IFRS.
Internal Financial Statements means, as the context may require, the unaudited internal financial statements of each of the Companies at and for the year ended and at December 31, 2001.