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Financial Statements and Projections
Financial Statements and Projections contract clause examples

Borrower has heretofore delivered to the Administrative Agents, the Lenders and the Issuing Lenders the consolidated balance sheets and related statements of operations, stockholders’ equity and cash flows of Borrower as of and for # the Fiscal Year ended December 31, 2020, audited by and accompanied by the unqualified opinion of PricewaterhouseCoopers LLP, independent public accountants, and # the Fiscal Quarter ended March 31, 2021. Such financial statements and all financial statements delivered pursuant to Sections 6.1(b) and (c) have been prepared in accordance with GAAP and present fairly in all material respects the financial condition and results of operations and cash flows of Borrower and its Subsidiaries as of the dates and for the periods to which they relate except, in the case of interim financial statements, for the absence of footnotes and the same being subject to year-end audit adjustments.

Financial Statements; Projections. Purchasers shall have received from Company # the Historical Financial Statements, # pro forma consolidated balance sheets of Company and its Subsidiaries as at the Closing Date, and reflecting the consummation of the transactions contemplated by the Note Documents to occur on or prior to the Closing Date, which pro forma financial statements shall be in form and substance reasonably satisfactory to Purchasers, # pro forma consolidated income statements of Company and its Subsidiaries as at the Closing Date, and reflecting the consummation of the transactions contemplated by the Note Documents to occur on or prior to the Closing Date, and # the Projections.

Financial Statements; Projections. The Lenders shall have received from the Borrowers

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Loan Parties and their Subsidiaries for the December 31, 2017 and December 31, 2018 fiscal years, # unaudited interim consolidated financial statements of the Loan Parties and their Subsidiaries for each fiscal quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (i) of this paragraph as to which such financial statements are available, and such financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any material adverse change in the consolidated financial condition of the Loan Parties and their Subsidiaries, as reflected in the audited, consolidated financial statements described in clause (i) of this paragraph and # satisfactory Projections through the fiscal year ending December 31, 2021.

Financial Statements and Projections. The Arrangers shall have received # the unaudited condensed consolidated statements of operations, comprehensive income and cash flows of [[PCM:Organization]] for each fiscal quarter (other than the fourth fiscal quarter in any fiscal year) that shall have ended after March 31, 2019 and at least forty-five (45) days prior to the Effective Date, # the unaudited consolidated balance sheet and related unaudited consolidated statements of operations and cash flows of Insight for each fiscal quarter (other than the fourth fiscal quarter in any fiscal year) that shall have ended after March 31, 2019 and at least forty-five (45) days prior to the Effective Date, and # pro forma consolidated balance sheet and related pro forma statements of income and cash flows of the Borrowers as of the last day of and for the four fiscal quarters ended on the last date for which financial statements pursuant to clauses (i) and (ii) were most recently required (the “Pro Forma Financial Statements”), prepared after giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of the statements of income and cash flows).

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Company for the 2018 fiscal year and # satisfactory projections through and including the Company’s 2021 fiscal year (with such projections being broken down quarterly for fiscal year 2019, and annually for each subsequent fiscal year).

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Borrower and its Subsidiaries for the 2018, 2019 and 2020 fiscal years, # unaudited interim consolidated financial statements of the Borrower and its Subsidiaries for each fiscal quarter ended after December 31, 2020, and such financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any material adverse change in the consolidated financial condition of the Borrower and its Subsidiaries, as reflected in the audited, consolidated financial statements described in clause (i) of this paragraph, and # satisfactory Projections through 2025.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Company for the 2017 and 2018 fiscal years, # unaudited interim consolidated and consolidating financial statements for the Company, for the fiscal quarter ended June 30, 2019, and such financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any material adverse change in the consolidated financial condition of the Loan Parties, as reflected in the audited, consolidated financial statements described in clause (i) of this paragraph and # satisfactory Projections through December 31, 2023.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of Holdings for the three most recent fiscal years ended prior to the Effective Date as to which such financial statements are available, # unaudited interim consolidated financial statements of Holdings for each quarterly period ended subsequent to the date of the latest financial statements delivered pursuant to clause (i) of this paragraph as to which such financial statements are available and # reasonably satisfactory financial statement projections (which shall include balance sheet, income and cash flow statement projections) through and including Holdings’ 2023 fiscal year.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Borrower and its Subsidiaries for the fiscal years ended March 31, 2019 and March 31, 2020 and # unaudited interim consolidated financial statements of the Borrower and its Subsidiaries for each fiscal quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (i) of this paragraph as to which such financial statements are available, and such financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any material adverse change in the consolidated financial condition of the Borrower and its Subsidiaries as reflected in the audited, consolidated financial statements described in clause (i) of this paragraph.

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