Common use of Correctness of Financial Statements Clause in Contracts

Correctness of Financial Statements. The financial statements heretofore and hereafter delivered by Borrower to Bank present fairly the financial condition of Borrower, and have been prepared in accordance with generally accepted accounting principles consistently applied. As of the date of each such financial statement, and since such date, there has been no material adverse change in the condition or operation of Borrower, nor has Borrower mortgaged, pledged or granted a security interest in, or encumbered, any assets or properties since such date.

Correctness of Financial Statements. The financial statements heretofore and hereafter ----------------------------------- previously delivered by Borrower to Bank FBS Ag Credit present fairly the financial condition of Borrower, and have been prepared in accordance with generally accepted accounting principles consistently applied. As of the date of each such financial statementstatements, and since such date, there has been no material materially adverse change in the condition or operation of Borrower, nor has Borrower mortgaged, pledged or granted a security interest in, in or encumbered, encumbered any of Borrower's assets or properties since such date.

Correctness of Financial Statements. The financial statements heretofore and hereafter delivered by Borrower to Bank Banks present fairly the financial condition of Borrower, and have been prepared in accordance with generally accepted accounting principles consistently applied. As of the date of each such financial statement, and since such date, there has been no material adverse change in the condition or of operation of Borrower, nor has Borrower mortgaged, pledged or granted a security interest in, or encumbered, any assets or properties since such date.