Common use of No Material Adverse Change in Financial Statements Clause in Contracts

No Material Adverse Change in Financial Statements. All consolidated financial statements related to each Borrower and any Subsidiary that have been delivered by each Borrower to Bank fairly present in all material respects Borrowers' consolidated financial condition as of the date thereof and Borrowers' consolidated results of operations for the period then ended. There has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Isky Inc)

No Material Adverse Change in Financial Statements. All -------------------------------------------------- consolidated financial statements related to each any Borrower and any Subsidiary of such Borrower that have been delivered by each Borrower Borrowers to Bank fairly present in all material respects Borrowers' such Borrower's consolidated financial condition as of the date thereof and Borrowers' such Borrower's consolidated results of operations for the period then ended. There has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (SQL Financials International Inc /De)

No Material Adverse Change in Financial Statements. All -------------------------------------------------- consolidated financial statements related to each Borrower (and any Subsidiary Subsidiary, if any) that have been delivered by each Borrower to Bank fairly present in all material respects Borrowers' Borrower's consolidated financial condition as of the date thereof and Borrowers' Borrower's consolidated results of operations for the period then ended. There has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Orapharma Inc)

No Material Adverse Change in Financial Statements. All consolidated financial statements related to each Borrower and any Subsidiary that have been delivered by each Borrower to Bank fairly present in all material respects Borrowers' Borrower's consolidated financial condition as of the date thereof and Borrowers' for the period therein specified, and Borrower's consolidated results of operations for the period then ended. There has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Silknet Software Inc)

No Material Adverse Change in Financial Statements. All The consolidated financial statements related to each Borrower and any Subsidiary that have been delivered by each Borrower to Bank for the fiscal year ending December 31, 1998 and the quarter ending March 31, 1999 fairly present in all material respects Borrowers' Borrower's consolidated financial condition as of the date thereof and Borrowers' Borrower's consolidated results of operations for the period then ended. There has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Safeguard Health Enterprises Inc)

No Material Adverse Change in Financial Statements. All consolidated financial statements related to each Borrower and any Subsidiary that have been delivered by each Borrower to Bank fairly present in all material respects Borrowers' Borrower's consolidated financial condition as of the date thereof and Borrowers' Borrower's consolidated results of operations for the period then ended. There Except as set forth in the Schedule relative to certain recent acquisitions made by Borrower, there has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Stericycle Inc)

No Material Adverse Change in Financial Statements. All consolidated financial statements related to each Borrower and any Subsidiary that have been delivered by each Borrower to Bank Servicing Agent or any Lender fairly present in all material respects Borrowers' Borrower's consolidated financial condition as of the date thereof and Borrowers' Borrower's consolidated results of operations for the period then ended. There has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank Lenders or Servicing Agent on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Vtel Corp)

No Material Adverse Change in Financial Statements. All consolidated financial statements related to each Borrower and any Subsidiary of Borrower that have been delivered by each Borrower to Bank Servicing Agent or any Lender fairly present in all material respects Borrowers' Borrower's consolidated financial condition as of the date thereof and Borrowers' Borrower's consolidated results of operations for the period then ended. There has not been a material adverse change in the consolidated financial condition of any Borrower since the date of the most recent of such financial statements submitted to Bank Lenders or Servicing Agent on or about the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Vtel Corp)