Common use of Proforma Financial Statements Clause in Contracts

Proforma Financial Statements. On or before the Closing Date, the Borrower has furnished to the Agent a proforma consolidated balance sheet of the Borrower and its Subsidiaries as of December 31, 1999 (the "Proforma Balance Sheet"), together with proforma financial projections for the two (2) year period subsequent to the Closing Date (the "Proforma Financial Projections"). The Proforma Balance Sheet is correct and complete in all material respects, and fairly presents in all material respects the proforma consolidated financial condition of the Borrower and its Subsidiaries. The Proforma Financial Projections represent the Borrower's good faith estimate of the future operations of the Borrower as of the date thereof and are based on reasonable assumptions. The Proforma Financial Projections are not a guaranty of future performance.

Proforma Financial Statements. On or before the Closing Date, the Borrower has furnished to the Agent Lender a proforma consolidated balance sheet of the Borrower and its Subsidiaries as of December 31, 1999 1998 (the "Proforma Balance Sheet"), together with proforma financial projections for the two (2) year period subsequent to the Closing Date (the Date(the "Proforma Financial Projections"). The Proforma Balance Sheet is correct and complete in all material respects, and fairly presents in 81 all material respects the proforma consolidated financial condition of the Borrower and its Subsidiaries. The Proforma Financial Projections represent the Borrower's good faith estimate of the future operations of the Borrower as of the date thereof and are based on reasonable assumptions. The Proforma Financial Projections are not a guaranty of future performance.