The Lender shall have received (i) audited consolidated financial statements of the Borrowers for the 2015 and 2016 Fiscal Years, (ii) unaudited interim consolidated financial statements of the Borrowers 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 Lender, reflect any material adverse change in the consolidated financial condition of the Borrowers, as reflected in the financial statements or projections and (iii) satisfactory projections through 2018.