Scope and Accuracy of Financial Statements Sample Clauses
The "Scope and Accuracy of Financial Statements" clause defines the requirements and expectations regarding the financial statements provided under an agreement. It typically specifies which financial statements must be delivered, the time periods they should cover, and the accounting standards they must adhere to, such as GAAP or IFRS. This clause also often requires that the statements fairly present the financial position of the entity and are free from material misstatements. Its core function is to ensure that all parties have access to reliable and consistent financial information, thereby reducing the risk of misunderstandings or misrepresentations about the financial health of the entity involved.
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Scope and Accuracy of Financial Statements. All Financial Statements submitted and to be submitted to the Bank hereunder are and will be complete and correct in all material respects, are and will be prepared in accordance with GAAP consistently applied, and do and will fairly reflect the financial condition and the results of the operations of the Borrower in all material respects as of the dates and for the period stated therein (subject only to normal year-end audit adjustments with respect to such unaudited interim statements of the Borrower) and no material adverse change has since occurred in the condition, financial or otherwise, of the Borrower.
Scope and Accuracy of Financial Statements. The Financial Statements of the Borrower as of June 30, 2000, present fairly the financial position and results of operations and cash flows of the Borrower in accordance with GAAP as at the relevant point in time or for the period indicated, as applicable. No event or circumstance has occurred since June 30, 2000, which could reasonably be expected to have a Material Adverse Effect.
Scope and Accuracy of Financial Statements. The Financial Statements of the Borrower as of December 31, 1998, present fairly the financial position and results of operations and cash flows of the Borrower in accordance with GAAP as at the relevant point in time or for the period indicated, as applicable. No event or circumstance has occurred since December 31, 1998, which could reasonably be expected to have a Material Adverse Effect.
Scope and Accuracy of Financial Statements. All Financial Statements submitted and to be submitted to the Administrative Agent hereunder are and will be complete and correct in all material respects, are and will be prepared in accordance with GAAP consistently applied, and do and will fairly reflect the consolidated financial condition and the results of the operations of the Parent Borrower and its Subsidiaries in all material respects as of the dates and for the period stated therein (subject only to normal year-end audit adjustments with respect to such unaudited interim statements of the Parent Borrower), and no Material Adverse Change has occurred since the effective date of the latest audited Financial Statements of Parent Borrower delivered to Administrative Agent.
Scope and Accuracy of Financial Statements. The Financial Statements of KCS and its Subsidiaries as at December 31, 1998 present fairly the financial position and results of operations and cash flows of KCS and its Subsidiaries in accordance with GAAP as at the relevant point in time or for the period indicated. No event or circumstance has occurred since December 31, 1998 except for the MAC Events disclosed in the 10-K Report which could reasonably be expected to have a Material Adverse Effect on KCS or KCS Medallion.
Scope and Accuracy of Financial Statements. The Financial Statements of ▇▇▇▇▇▇▇▇-Delaware as of December 31, 1998 and as of July 31, 1999 provided to the Noteholder Agent present fairly the financial position and results of operations and cash flows of ▇▇▇▇▇▇▇▇-Delaware and its Subsidiaries in accordance with GAAP as at the relevant point in time or for the period indicated, as applicable. No event or circumstance has occurred since June 30, 1999, which could reasonably be expected to have a Material Adverse Effect.
Scope and Accuracy of Financial Statements. The Financial Statements provided to the Lender in satisfaction of the condition set forth in Section 3.1(g) present fairly (subject to normal year-end audit adjustments) the financial position and results of operations and cash flows of the Borrower in accordance with GAAP as at the relevant point in time or for the period indicated, as applicable.
Scope and Accuracy of Financial Statements. The Financial Statements ------------------------------------------ of the Borrower, as of September 30, 1999 present fairly the financial position and results of operations of the Borrower as at the relevant point in time or for the period indicated. No event or circumstance has occurred since September 30, 1999 which would cause a Material Adverse Effect.
Scope and Accuracy of Financial Statements. The Financial Statements of the Borrower and its Subsidiaries fiscal years ending December 31, 2013 and December 31, 2014 and the fiscal quarters ending March 31, 2015, June 30, 2015 and September 30, 2015 provided to the Lenders have been prepared in accordance with GAAP consistently applied and fairly reflect the financial condition and the results of the operations of the Borrower, and its Subsidiaries in all material respects as of the dates and for the periods stated therein. No event or circumstance has occurred since December 31, 2014, that has resulted or could reasonably be expected to result in a Material Adverse Effect.
Scope and Accuracy of Financial Statements. All Financial Statements submitted and to be submitted to the Agent hereunder are and will be complete and correct in all material respects, are and will be prepared in accordance with GAAP consistently applied, and do and will fairly reflect the financial condition and the results of the operations of the Borrower in all material respects as of the dates and for the period stated therein (subject only to normal year-end audit adjustments with respect to such unaudited interim statements of the Borrower), and no Material Adverse Change has occurred since the effective date of the latest audited Financial Statements of Borrower delivered to Agent.