Common use of Financial Condition, etc Clause in Contracts

Financial Condition, etc. (a) Borrower has heretofore delivered to the Lenders (A) the audited consolidated balance sheets of Parent and its Subsidiaries as of May 31, 2002 and May 31, 2003, and the related statements of operations, stockholders' equity (deficit) and cash flows for the fiscal years ended on May 31, 2001, May 31, 2002 and May 31, 2003, together with reports thereon by Deloitte & Touche LLP, certified public accountants, and (B) the unaudited consolidated balance sheets of Parent and its Subsidiaries as of August 31, 2003 and November 30, 2003, and the related statements of operations and cash flows for the fiscal periods ended on August 31, 2002, August 31, 2003, November 30, 2002 and November 30, 2003. All of said financial statements, including in each case the related schedules and notes, have been prepared in accordance with GAAP consistently applied and present fairly in all material respects the consolidated financial position of Parent and its Subsidiaries as of the respective dates of said balance sheets and the results of their operations and cash flows for the respective periods covered thereby, subject (in the case of interim statements) to period-end audit adjustments and the absence of footnotes.

Financial Condition, etc. (a) Borrower has heretofore delivered to the Lenders (A) the audited consolidated balance sheets of Parent Target and its Subsidiaries as of May 31, 2002 1995, May 31, 1996, May 31, 1997 and May 31, 20031998, and the related statements of operationsearnings, changes in stockholders' equity (deficit) and cash flows for the fiscal years ended on May 31, 2001, May 31, 2002 and May 31, 2003those dates, together with reports thereon by Deloitte & Touche LLP, certified public accountants, and (B) the unaudited consolidated balance sheets of Parent Target and its Subsidiaries as of August 31, 2003 and November 30, 20031998, and the related statements of operations earnings and cash flows for the fiscal periods period ended on August 31, 2002, August 31, 2003, November 30, 2002 and November 30, 20031998. All of said financial statements, including in each case the related schedules and notes, are true, complete and correct and have been prepared in accordance with GAAP consistently applied and present fairly in all material respects the consolidated financial position of Parent Target and its Subsidiaries as of the respective dates of said balance sheets and the results of their operations and cash flows for the respective periods covered thereby, subject (in the case of interim statements) to period-end audit adjustments and the absence of footnotesadjustments.

Financial Condition, etc. (a) Parent and Borrower has have heretofore delivered to the Lenders (A) the audited consolidated balance sheets of Parent PriCellular and its Subsidiaries as of May December 31, 2002 and May 1994, December 31, 20031995, December 31, 1996 and December 31, 1997, and the related statements of operationsearnings, changes in stockholders' equity (deficit) and cash flows for the fiscal years ended on May 31, 2001, May 31, 2002 and May 31, 2003those dates, together with reports thereon by Deloitte Ernst & Touche Young LLP, certified public accountants, and (B) the unaudited txx xxaudited consolidated balance sheets of Parent PriCellular and its Subsidiaries as of August March 31, 2003 and November 30, 20031998, and the related statements of operations earnings and cash flows for the fiscal periods ended on August March 31, 2002, August 31, 2003, November 30, 2002 and November 30, 20031998. All of said financial statements, including in each case the related schedules and notes, have been prepared in accordance with GAAP consistently applied and present fairly in all material respects the consolidated financial position of Parent PriCellular and its the Subsidiaries as of the respective dates of said balance sheets and the results of their operations and cash flows for the respective periods covered thereby, subject (in the case of interim statements) to period-end audit adjustments and the absence of footnotesadjustments.

Financial Condition, etc. (a) Borrower has heretofore delivered to the Revolving Credit Lenders (Ai) the audited consolidated balance sheets of Parent Borrower and its the Subsidiaries as of May December 31, 2002 and May 31, 2003, 2001 and the related statements of operationsearnings, changes in stockholders' ’ equity (deficit) and cash flows for the fiscal years ended on May 31, 2001, May 31, 2002 and May 31, 2003those dates, together with reports thereon by Deloitte & Touche Xxxxxx Xxxxxxxx LLP, certified public accountants, and (Bii) the unaudited consolidated balance sheets of Parent Borrower and its the Subsidiaries as of August 31, 2003 and November June 30, 20032002, and the related statements of operations earnings and cash flows for the fiscal periods ended on August 31June 30, 2002, August 31, 2003, November 30, 2002 and November 30, 2003. All of said financial statements, including in each case the related schedules and notes, are true, complete (in the case of year-end financial statements) and correct in all material respects, have been prepared in accordance with GAAP consistently applied and present fairly in all material respects the consolidated financial position of Parent Borrower and its the Subsidiaries as of the respective dates of said balance sheets and the results of their operations and cash flows for the respective periods covered thereby, subject (in the case of interim statements) to period-end audit adjustments and the absence of footnotes.