Common use of Financial Information; Financial Condition Clause in Contracts

Financial Information; Financial Condition. All balance sheets, all statements of operations, of shareholders' equity and of cash flow, and other financial data which have been or shall hereafter be furnished to the Lessor or the Trustee for the purposes of or in connection with this Agreement or the Related Documents have been and will be prepared in accordance with GAAP and do and will present fairly the financial condition of the entities involved as of the dates thereof and the results of their operations for the periods covered thereby and that there has been no material change in the financial condition or results of operation since the respective dates of such balance sheets, statements and other financial data. Such financial data include the following financial statements and reports which have been furnished to the Lessor and the Trustee on or prior to such Closing Date: (a) the audited balance sheet of the Guarantor and each Lessee as of December 31, 1996 and the related statements of operations, stockholders' equity and cash flows for the fiscal year ending on such date; and (b) the unaudited balance sheets of the Guarantor and each Lessee and statement of operations, accompanied by an Officer's Certificate verifying the accuracy and completeness thereof signed by an Authorized Officer of the Guarantor and the Lessee, for the _______ month period ending _____________, 1997.

Financial Information; Financial Condition. All balance sheets, all statements of operations, of shareholdersstockholders' equity and of cash flow, and other financial data (other than projections and the financial statements referred to in clause (b) below) which have been or shall hereafter be furnished to the Lessor or the Trustee for the purposes of or in connection with this Agreement or the Related Documents have been and will be prepared in accordance with GAAP and do and will present fairly the financial condition of the entities involved as of the dates thereof and the results of their operations for the periods covered thereby and that there has been no material change in the financial condition or results of operation since the respective dates of such balance sheets, statements and other financial datathereby. Such financial data include the following financial statements and reports which have been been, or shall be, furnished to the Lessor and the Trustee on or prior to such Closing Date: (a) the audited consolidated balance sheet sheets of the Guarantor Budget and each Non-Budget Lessee as of December 31, 1996 1999 (or, if later, as of December 31 of the most recently ended calendar year), and the related statements of operations, stockholders' equity deficit and cash flows for the fiscal year ending on such date; and (bi) the unaudited pro forma consolidated balance sheets of Budget and the Guarantor and each Lessee Budget Subsidiaries and statement of operations, accompanied by an Officer's Officers' Certificate verifying the accuracy and completeness thereof signed by an Authorized Officer of the Guarantor Guarantor, for the most recently ended calendar quarter ending March 31, June 30, September 30 or December 31, as applicable, and (ii) the unaudited pro forma consolidated balance sheets of each Non-Budget Lessee and statement of operations, accompanied by an Officers' Certificate verifying the accuracy and completeness thereof signed by an Authorized Officer of such Non-Budget Lessee, for the _______ month period most recently ended calendar quarter ending _____________March 31, 1997June 30, September 30 or December 31, as applicable.

Financial Information; Financial Condition. All balance sheets, all statements of operations, of shareholdersstockholders' equity and of cash flow, and other financial data (other than projections and the financial statements referred to in clause (b) below) which have been or shall hereafter be furnished to the Lessor or the Trustee for the purposes of or in connection with this Agreement or the Related Documents have been and will be prepared in accordance with GAAP and do and will present fairly the financial condition of the entities involved as of the dates thereof and the results of their operations for the periods covered thereby and that there has been no material change in the financial condition or results of operation since the respective dates of such balance sheets, statements and other financial datathereby. Such financial data include the following financial statements and reports which have been been, or shall be, furnished to the Lessor and the Trustee on or prior to such Closing Date: (a) the audited consolidated balance sheet sheets of the Guarantor Budget and each Non-Budget Lessee as of December 31, 1996 1998 and the related statements of operations, stockholders' equity deficit and cash flows for the fiscal year ending on such date; and (bi) the unaudited pro forma consolidated balance sheets of Budget and the Guarantor and each Lessee Budget Subsidiaries and statement of operations, accompanied by an Officer's Officers' Certificate verifying the accuracy and completeness thereof signed by an Authorized Officer of the Guarantor Guarantor, for the -35- 41 most recently ended calendar quarter ending March 31, June 30, September 30 or December 31, as applicable, and (ii) the unaudited pro forma consolidated balance sheets of each Non-Budget Lessee and statement of operations, accompanied by an Officers' Certificate verifying the accuracy and completeness thereof signed by an Authorized Officer of such Non-Budget Lessee, for the _______ month period most recently ended calendar quarter ending _____________March 31, 1997June 30, September 30 or December 31, as applicable.

Financial Information; Financial Condition. All balance sheets, all statements of operations, of shareholdersstockholders' equity and of cash flow, and other financial data (other than projections and the financial statements referred to in clause (b) below) which have been or shall hereafter be furnished to the Lessor or the Trustee for the purposes of or in connection with this Agreement or the Related Documents have been and will be prepared in accordance with GAAP and do and will present fairly the financial condition of the entities involved as of the dates thereof and the results of their operations for the periods covered thereby and that there has been no material change in the financial condition or results of operation since the respective dates of such balance sheets, statements and other financial datathereby. Such financial data include the following financial statements and reports which have been furnished to the Lessor and the Trustee on or prior to such Closing Date: (a) the audited consolidated balance sheet sheets of the Guarantor "Team Rental Group" and each Non-Team Lessee as of December 31, 1996 1995 and the related statements of operations, stockholders' equity deficit and cash flows for the fiscal year ending on such date; and (bi) the unaudited pro forma consolidated balance sheets of the Guarantor and each Lessee the Team Lessees and statement of operations, accompanied by an Officer's Officers' Certificate verifying the accuracy and completeness thereof signed by an Authorized Officer of the Guarantor Guarantor, for the nine-month period ending September 30, 1996, and (ii) the unaudited pro forma consolidated balance sheets of each Non-Team Lessee and statement of operations, accompanied by an Officers' Certificate verifying the accuracy and completeness thereof signed by an Authorized Officer of such Non-Team Lessee, for the _______ nine-month period ending _____________September 30, 19971996.