Common use of Annual Accounts Clause in Contracts

Annual Accounts. (i) The Annual Accounts were prepared in accordance with the law and regulations and generally accepted accounting principles of the Netherlands as applicable at the date as of which the Annual Accounts have been drawn up; (ii) The Annual Accounts give a fair view of the assets, financial condition and results of the Target Company as per the date of the Annual Accounts; (iii) The rate of depreciation adopted in the Annual Accounts is sufficient for each of the fixed assets of the Target Company to be written down to nil by the end of its expected useful life.