Changes; None Adverse. From the date of the most recent balance sheets referred to in section 6.5 of this Agreement to the Closing Date, no changes shall have occurred in the assets, liabilities, financial condition, business, operations or prospects of the Borrower or the Borrower and its Subsidiaries taken as a whole which, individually or in the aggregate, are materially adverse to the Borrower or the Borrower and its Subsidiaries taken as a whole.
Appears in 1 contract
Sources: Credit Agreement (First Union Real Estate Equity & Mortgage Investments)
Changes; None Adverse. From the date of the most recent balance sheets referred to in section 6.5 of this Agreement to the Closing Initial Borrowing Date, no changes shall have occurred in the assets, liabilities, financial condition, business, operations or prospects of the Borrower or the Borrower and its Subsidiaries taken as a whole which, individually or in the aggregate, are materially adverse to the Borrower or the Borrower and its Subsidiaries taken as a whole.
Appears in 1 contract
Sources: Credit Agreement (First Union Real Estate Equity & Mortgage Investments)