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 4.04.

Internal Financial Statements shall have the meaning set forth in Section 3.2.10.

Examples of Internal Financial Statements in a sentence

• In addition, whenever a financial ratio, calculation 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 internally available.

• The Internal Financial Statements and the Review Financial Statements (i) were prepared in accordance with the books and records of the Medical Business, (ii) fairly present the financial position of the Medical Business as of the dates thereof, and (iii) are true, correct and complete in all material respects as of the dates thereof.

• On or about September __, 1998, the Company delivered to Buyer internal financial statements dated as of August 31, 1998, comprising Schedule E - 1 hereto (the "Internal Financial Statements"), including the related notes and explanatory notes, present fairly the financial position of the company as of the date thereof and the results of its operations for the periods therein indicated.

• The Internal Financial Statements shall be certified by an officer of the Contractor that to the best of his or her knowledge the information is correct and complete and fairly present the financial results of this Agreement as of and to the date of the Internal Financial Statements.

• For purposes of this defined term, the term "Accounts Receivable" shall exclude Trade Payables owed to SEAFMAN by BBSI, and shall include amounts historically classified as "Drafts Payable" in the SEAFMAN Internal Financial Statements to the extent that such amounts relate to the payment of Trade Payables.

More Definitions of Internal Financial Statements

Internal Financial Statements means unaudited statements of income and cash flows of the Buyer to be prepared by management of the Buyer in accordance with generally accepted accounting principles.

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. 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 XXXXXXX XX XXXXX 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 XXXXXXX XX XXXXX 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 XXXXXXX XX XXXXX 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 XXXXXXX XX XXXXX 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 XXXXXXX XX XXXXX 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 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 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 is defined in Section 4.8.