Common use of Financial and Operational Information Clause in Contracts

Financial and Operational Information. Seller has delivered to Buyer correct and complete copies of the Business's audited balance sheet and related statements of operations, income, changes in financial position and statements of income and cash flows for the years ended December 31, 1993, 1994 and 1995, and an unaudited balance sheet and statements of profit and loss and cash flow of the Business for the six months ending June 30, 1996 (the "Business's Financial Statements"). The Business's Financial Statements have been prepared in the ordinary course of business, are based on the books and records of the Seller, were prepared in accordance with GAAP consistently applied and present fairly the financial condition and results of operations of the Business as of the dates and for the periods indicated, with no material differences between such financial statements and the financial records maintained by Seller. Upon the reasonable request of Buyer setting forth a description of the items requested, Seller will make available to Buyer, correct and complete copies of all filings made to Governmental Authorities with respect to the Business.