“Bring-Down Representation” typically is tied to the representing party’s Financial Statements and covers the time period between the applicable date of the Balance Sheet and the date on which the representation is made. A Bring-Down Representation usually starts with language such as “Since the most recent Balance Sheet date, none of the following events, conditions or circumstances have occurred” (or something similar), and includes a series of sub-representations that are designed to identify any recent changes or developments that are material to understanding the representing party’s Current Liabilities and financial position.