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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 Borrower for the 2019 and 2020 fiscal years, # unaudited interim consolidated financial statements of the Borrower 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, as reflected in the audited, consolidated financial statements described in clause (i) of this paragraph and # satisfactory Projections through the period ending June 30, 2026.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Company and its Subsidiaries for the fiscal year ended December 31, 2017, # unaudited interim consolidated financial statements of the Company and its Subsidiaries for the fiscal quarter ended June 30, 2018 and # satisfactory projections on a quarterly basis through and including the Company’s fiscal year ending December 31, 2018 and on an annual basis through the fiscal year ending December 31, 2022, in a form reasonably satisfactory to the Lenders.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Company for the fiscal year ended January 31, 2018, # unaudited interim consolidated financial statements of 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 Company and its Subsidiaries, as reflected in the audited consolidated financial statements described in clause (i) of this paragraph, and # the Company’s most recent projected income statement, balance sheet and cash flows through the end of the Company’s fiscal year ending January 2021.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Company for its 2018 and 2019 fiscal years, # unaudited interim consolidated financial statements of the Company for each fiscal month and 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 Company, as reflected in the audited, consolidated financial statements described in clause (i) of this paragraph, and # satisfactory projections of the Company’s income statement, balance sheet and cash flows # on a monthly basis through December 31, 2021, and # on an annual basis through December 31, 2023.

Financial Statements and Projections. The Lenders shall have received # audited consolidated financial statements of the Company for the fiscal year ended January 31, 2018, # unaudited interim consolidated financial statements of 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 Company and its Subsidiaries, as reflected in the audited consolidated financial statements described in clause (i) of this paragraph, and # the Company’s most recent projected income statement, balance sheet and cash flows through the end of the Company’s fiscal year ending January 2021.

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 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).

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