Common use of CORRECTNESS OF FINANCIAL STATEMENT Clause in Contracts

CORRECTNESS OF FINANCIAL STATEMENT. The annual financial statement of Borrower and its consolidated Subsidiaries dated December 31, 2017, and all interim financial statements delivered to Bank since said date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct and present fairly the financial condition of Borrower and its consolidated Subsidiaries, (b) disclose any material liabilities of Borrower and its consolidated Subsidiaries 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 the dates of such financial statements there has been no Material Adverse Effect, nor has Borrower or any of its consolidated Subsidiaries mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The annual consolidated and consolidating financial statement of Borrower and its consolidated Subsidiaries Guarantor dated December 31, 20172011, and all interim financial statements delivered to Bank since said date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct in all material respects and present fairly the consolidated financial condition of Borrower and its consolidated SubsidiariesGuarantor, (b) disclose any material all consolidated liabilities of Borrower and its consolidated Subsidiaries Guarantor that are required to be reflected or reserved against under GAAPgenerally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) have been prepared in accordance with GAAPgenerally accepted accounting principles consistently applied. Since the dates of such financial statements there has been no Material Adverse Effectmaterial adverse change in the financial condition of Guarantor or Borrower, nor has Guarantor or Borrower or any of its consolidated Subsidiaries mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The annual financial statement of Borrower and its consolidated Subsidiaries dated December 3129, 20172006, and all interim financial statements delivered to Bank since said date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct and present fairly the financial condition of Borrower and its consolidated Subsidiaries, (b) disclose any material all liabilities of Borrower and its consolidated Subsidiaries that are required to be reflected or reserved against under GAAPgenerally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) have been prepared in accordance with GAAPgenerally accepted accounting principles consistently applied. Since the dates of such financial statements there has been no Material Adverse Effectmaterial adverse change in the financial condition of Borrower or any Subsidiary, nor has Borrower or any of its consolidated Subsidiaries Subsidiary mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The annual consolidated financial statement of Borrower and its consolidated Subsidiaries dated December May 31, 20172010, and all interim financial statements delivered to Bank since said such date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct and present fairly the financial condition of Borrower and its consolidated Subsidiarieseach Subsidiary Guarantor, (b) disclose any material all liabilities of Borrower and its consolidated Subsidiaries each Subsidiary Guarantor 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 GAAPGAAP consistently applied. Since the dates of such financial statements there has been no Material Adverse Effectmaterial adverse change in the financial condition of Borrower or any Subsidiary Guarantor, nor has Borrower or any of its consolidated Subsidiaries Subsidiary Guarantor mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The annual financial statement of Borrower and its consolidated Subsidiaries dated December 31, 2017for the 2012 fiscal year, and all interim financial statements delivered to Bank since said datesince, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct and present fairly the financial condition of Borrower and its consolidated Subsidiariesas of the date thereof, (b) disclose any material all liabilities of Borrower and its consolidated Subsidiaries as of the date thereof that are required to be reflected or reserved against under GAAPgenerally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) have been prepared in accordance with GAAPgenerally accepted accounting principles consistently applied. Since the dates of such financial statements there has been no Material Adverse Effectmaterial adverse change in the financial condition of Borrower, nor has Borrower or any of its consolidated Subsidiaries mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by either this Agreement or the Bank in writing.