Common use of CORRECTNESS OF FINANCIAL STATEMENT Clause in Contracts

CORRECTNESS OF FINANCIAL STATEMENT. The financial statement of ---------------------------------- Borrower dated June 30, 1998, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly the financial condition of Borrower, (b) discloses all liabilities of Borrower that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) has been prepared in International Network Services August 14, 1998 Page 5 accordance with generally accepted accounting principles consistently applied. Since the date of such financial statement there has been no material adverse change in the condition or operation of Borrower, nor has Borrower mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The financial statement of ---------------------------------- Borrower dated June 30March 31, 19981997, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly in all material respects the financial condition of Borrower, (b) discloses all liabilities of Borrower that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) has been prepared in International Network Services August 14, 1998 Page 5 accordance with generally accepted accounting principles consistently applied, except as otherwise disclosed by Borrower therein. Since the date of such financial statement there has been no material adverse change in the financial condition or operation of Borrower, nor has Borrower mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The financial statement of ---------------------------------- Borrower dated June 30March 31, 19982005, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly the financial condition of BorrowerBorrower as of Mxxxx 00, 0000, (bx) discloses all liabilities of Borrower that are required to be reflected or reserved against as of March 31, 2005 under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) has been prepared in International Network Services August 14, 1998 Page 5 accordance with generally accepted accounting principles in effect as of March 31, 2005, consistently applied. Since the date of such financial statement there has been no material adverse change in the financial condition or operation of Borrower, nor has Borrower mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The financial statement of Borrower ---------------------------------- Borrower dated June 30April 3, 1998, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly the financial condition of Borrower, (b) discloses all liabilities of Borrower Staar Surgical Company June 1, 1998 Page that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and (c) has been prepared in International Network Services August 14, 1998 Page 5 accordance with generally accepted accounting principles consistently applied. Since the date of such financial statement there has been no material adverse change in the condition or operation of Borrower, nor has Borrower mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.

CORRECTNESS OF FINANCIAL STATEMENT. The financial statement of ---------------------------------- Borrower dated June 30March 31, 19982004, a true copy of which has been delivered by Borrower to Bank prior to the date hereof, (a) is complete and correct and presents fairly the financial condition of BorrowerBorrower as of Xxxxx 00, 0000, (bx) discloses all liabilities of Borrower that are required to be reflected or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, as of March 31, 2004, and (c) has been prepared in International Network Services August 14, 1998 Page 5 accordance with generally accepted accounting principles consistently applied. Since the date of such financial statement there has been no material adverse change in the financial condition or operation of Borrower, nor has Borrower mortgaged, pledged, granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise permitted by Bank in writing.