{"component": "clause", "props": {"groups": [{"size": 11, "snippet": "The consolidated balance sheet of Borrower and its Consolidated Subsidiaries as of December 31, 2014, and the related consolidated statements of operations, stockholders\u2019 equity (or comparable calculation, if such Person is not a corporation) and cash flows for the fiscal year then ended, reported on by \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, copies of which have been delivered to the Initial Lenders, fairly present in all material respects, in conformity with GAAP, the consolidated financial position of Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations, changes in stockholders\u2019 equity (or comparable calculation) and cash flows for such period.", "samples": [{"hash": "lFIL2Df6kXw", "uri": "/contracts/lFIL2Df6kXw#audited-statements", "label": "Credit Agreement (Warren Resources Inc)", "score": 26.8042430878, 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2}, {"size": 3, "snippet": "At any time prior to the Closing Date, to the extent required by law or in the commercially reasonable opinion of Purchaser\u2019s attorneys or public accountants, Purchaser and its independent auditors shall have determined that they can prepare, or have prepared, at a reasonable cost, any and all audited financial statements of Seller and/or the Business of Seller that are necessary to comply fully with any and all securities laws given Purchaser\u2019 status as a publicly-traded company (NASDAQ:\u2587\u2587\u2587\u2587).", "samples": [{"hash": "kQui5DVqc3D", "uri": "/contracts/kQui5DVqc3D#audited-statements", "label": "Asset Purchase Agreement (Ruths Chris Steak House, Inc.)", "score": 21.0, "published": true}, {"hash": "jtDgirmsmqX", "uri": "/contracts/jtDgirmsmqX#audited-statements", "label": "Asset Purchase Agreement (Ruths Chris Steak House, Inc.)", "score": 21.0, "published": true}, {"hash": "4xqJbMpxDS3", "uri": 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If on the date that, but for this Section 5.18, the Closing would otherwise occur, either Purchaser or Seller reasonably believes that the Audited Statements will not be completed within sixty (60) days of such date, then the Closing Date shall not occur until the Parties mutually agree that the Audited Statements are expected to be completed within sixty (60) days of such later time.", "samples": [{"hash": "5TYSJ8pdu1t", "uri": "/contracts/5TYSJ8pdu1t#audited-statements", "label": "Asset Purchase Agreement (New York Community Bancorp, Inc.)", "score": 35.5735778809, "published": true}, {"hash": "5p3ndGbSF1x", "uri": "/contracts/5p3ndGbSF1x#audited-statements", "label": "Asset Purchase Agreement (Mr. Cooper Group Inc.)", "score": 35.5653648376, "published": true}], "snippet_links": [{"key": "date-hereof", "type": "clause", "offset": [44, 55]}, {"key": "seller-shall", "type": "clause", "offset": [57, 69]}, {"key": "pursuant-to", "type": "definition", "offset": [78, 89]}, {"key": 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first delivery thereof, the most recent audited financials delivered on or prior to the Closing Date), in each case reported on by an independent certified public accounting firm of regional standing reasonably acceptable to Lender, copies of which have been delivered to Lender from time to time pursuant to the terms of this Agreement, fairly present in all material respects, in conformity with GAAP, the consolidated financial position of Borrower and its Subsidiaries as of such date and their consolidated results of operations, changes in stockholders' or, as applicable, members' equity and cash flows for such period.", "samples": [{"hash": "cUnpZ0uLKQB", "uri": "/contracts/cUnpZ0uLKQB#audited-statements", "label": "Credit Agreement (Lincoln Educational Services Corp)", "score": 33.143737793, "published": true}], "snippet_links": [{"key": "consolidated-balance-sheet", "type": "clause", "offset": [4, 30]}, {"key": "borrower-and-its-subsidiaries", "type": "definition", "offset": [34, 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Arrangements......................... 11.3(a)(v) Cleanup............................................. 11.3(a)(v) Closing............................................. 3.1", "samples": [{"hash": "6Hn1Yxo1TiQ", "uri": "/contracts/6Hn1Yxo1TiQ#audited-statements", "label": "Stock Purchase Agreement (Performance Food Group Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "average-working-capital", "type": "definition", "offset": [7, 30]}], "hash": "4aaa919a7981fef80d16ee65fac88213", "id": 7}, {"size": 1, "snippet": "Within 45 days after the Closing Date, the Borrower shall have delivered to the Agents, with a copy for each Lender, audited consolidated profit and loss and cash flow statements of Rust and its Subsidiaries for the fiscal years ended December 31, 1994 and December 31, 1995, in each case together with an audit report that does not contain an Impermissible Qualification from the independent public accountants that shall have audited such financial statements.", 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These statements usually include the balance sheet, income statement, and cash flow statement, and must be prepared in accordance with recognized accounting standards. By mandating the delivery of audited financials, this clause ensures transparency and accuracy in financial reporting, giving the other party confidence in the company's financial health and reducing the risk of misrepresentation."}, "json": true, "cursor": ""}}