Common use of Initial Financial Statements Clause in Contracts

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s operations and Borrower’s Consolidated cash flows for the respective periods thereof. Since the date of the audited Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 3 contracts

Sources: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s operations and Borrower’s Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in Section 5.6 of the Disclosure ScheduleLetter. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 3 contracts

Sources: Credit Agreement (Berry Petroleum Co), Second Lien Credit Agreement (Berry Petroleum Co), Credit Agreement (Berry Petroleum Co)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s operations and Borrower’s Consolidated cash flows for the respective periods thereof. Since the date of the audited Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements financial statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 3 contracts

Sources: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in Section 5.6 of the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 2 contracts

Sources: Credit Agreement (Specialty Laboratories), Credit Agreement (Midcoast Energy Resources Inc)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 2 contracts

Sources: Revolving Credit Agreement (W&t Offshore Inc), Credit Agreement (Energy Corp of America)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Bank Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 2 contracts

Sources: Credit Agreement (Continental Natural Gas Inc), Credit Agreement (Continental Natural Gas Inc)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in Section 5.6 of the Disclosure ScheduleLetter. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 2 contracts

Sources: Credit Agreement (Berry Petroleum Co), Credit Agreement (Berry Petroleum Co)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Bank Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.. Exhibit 10.13

Appears in 1 contract

Sources: Credit Agreement (North Coast Energy Inc / De/)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Bank Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements Statements, no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (North Coast Energy Inc / De/)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Bank Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (STB Systems Inc)

Initial Financial Statements. Borrower has heretofore ---------------------------- delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in Section 5.6 of the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Key Production Co Inc)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party Agent true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (United States Exploration Inc)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Bank Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s Parent's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s Parent's operations and Borrower’s Parent's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Energy Corp)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's and Target's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no event which would cause a Material Adverse Change Effect has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Questar Market Resources Inc)

Initial Financial Statements. Borrower has heretofore delivered to each Lender Party true, correct and complete copies of the Initial Financial Statements. The Initial Financial Statements fairly present Borrower’s 's Consolidated financial position at the respective dates thereof and the Consolidated results of Borrower’s 's operations and Borrower’s 's Consolidated cash flows for the respective periods thereof. Since the date of the audited annual Initial Financial Statements no Material Adverse Change has occurred, except as reflected in the quarterly Initial Financial Statements or in the Disclosure Schedule. All Initial Financial Statements were prepared in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Plains Resources Inc)