Concerning Accounting Matters. (1) To permit LRC to determine the appropriate accounting for LRC’s relationship with BNPPLC under FASB Interpretation No. 46, Consolidation of Variable Interest Entities (Revised December 2003) (“FIN 46R”), BNPPLC represents that to the knowledge of BNPPLC the fair value of the Property and of other properties, if any, leased to LRC by BNPPLC (collectively, whether one or more, the “Properties Leased to LRC”) are, as of the Effective Date, less than half of the total of the fair values of all assets of BNPPLC, excluding any assets of BNPPLC held within a silo. Further, none of the Properties Leased to LRC are, as of the Effective Date, held within a silo. Consistent with the directions of LRC (based upon the current interpretation of FIN 46R by LRC and its auditors), and for purposes of this representation only:
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Samples: Closing Certificate and Agreement (Lam Research Corp), Closing Certificate and Agreement (Lam Research Corp), Closing Certificate and Agreement (Lam Research Corp)
