Common use of Current Financial Statements Clause in Contracts

Current Financial Statements. Company has heretofore delivered to each Lender true, correct and complete copies of the Current Financial Statements. The Current Financial Statements fairly present Company's pro forma Consolidated financial position at the date thereof. Since the date of the Current Financial Statements no Material Adverse Effect has occurred. The Current Financial Statements were prepared in accordance with GAAP, except as noted therein.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Tekoil & Gas Corp)

Current Financial Statements. Company has heretofore delivered to each Lender true, correct and complete copies of the Current Financial Statements. The Current Financial Statements fairly present Company's pro forma ’s Consolidated financial position at the date thereofthereof in all material respects. Since the date of the Current Financial Statements no Material Adverse Effect has occurred. The Current Financial Statements were prepared in accordance with GAAP, except as noted therein.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Foothills Resources Inc)