Common use of Financial Information; Undisclosed Liabilities Clause in Contracts

Financial Information; Undisclosed Liabilities. (a) Disclosure Schedule 3.5(a) sets forth a true and complete copy of the unaudited balance sheets as of December 31, 2011, 2012 and 2013, and statements of income for the fiscal years ended December 31, 2011, 2012 and 2013 for WECU, after reflecting the adjustments set forth on Disclosure Schedule 3.5(a) (collectively referred to as the “Financial Statements”). The Financial Statements present fairly in all material respects the financial position of WECU as of the dates thereof and the results of operations of WECU for the periods presented. Except as set forth in Disclosure Schedule 3.5(a), there are no off-balance sheet arrangements that have or are reasonably likely to have a Contributed Entity Material Adverse Effect. The Financial Statements have been prepared in accordance with GAAP consistently applied throughout the periods presented, except that the Financial Statements reflect the transactions set forth on Disclosure Schedule 3.5(a) and do not include any notes. Except as required by GAAP, there were no changes in the method of application of WECU’s accounting policies or changes in the method of applying WECU’s use of estimates in the preparation of the Financial Statements as compared with past practice.

Appears in 2 contracts

Samples: Personnel Services and Allocation Agreement, Personnel Services and Allocation Agreement (Williams Partners L.P.)

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Financial Information; Undisclosed Liabilities. (a) Disclosure Schedule 3.5(a) sets forth a true and complete copy of the unaudited balance sheets as of December 31, 20112010 and 2011 and as of June 30, 2012 and 20132012, and statements of income for the fiscal years ended December 31, 20112010 and 2011 and for the six-month periods ended June 30, 2011 and 2012 and 2013 for WECUthe Contributed Entities on a consolidated basis, after reflecting the adjustments set forth on Disclosure Schedule 3.5(a) (collectively referred to as the “Financial Statements”). The Financial Statements present fairly in all material respects the financial position of WECU the Contributed Entities as of the dates thereof and the results of operations of WECU the Contributed Entities for the periods presented. Except as set forth in Disclosure Schedule 3.5(a), there are no off-balance sheet arrangements that have or are reasonably likely to have a Contributed Entity Material Adverse Effect. The Financial Statements have been prepared in accordance with GAAP consistently applied throughout the periods presented, except that the Financial Statements reflect the transactions set forth on Disclosure Schedule 3.5(a) and do not include any notes. Except as required by GAAP, there were no changes in the method of application of WECU’s the Contributed Entities’ accounting policies or changes in the method of applying WECU’s the Contributed Entities’ use of estimates in the preparation of the Financial Statements as compared with past practice.

Appears in 1 contract

Samples: Contribution Agreement (Williams Partners L.P.)

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Financial Information; Undisclosed Liabilities. (a) Disclosure Schedule 3.5(a) sets forth a true and complete copy of the unaudited balance sheets as of December 31, 20112010 and 2011 and as of June 30, 2012 and 20132012, and statements of income for the fiscal years ended December 31, 20112010 and 2011 and for the six- month periods ended June 30, 2011 and 2012 and 2013 for WECUthe Contributed Entities on a consolidated basis, after reflecting the adjustments set forth on Disclosure Schedule 3.5(a) (collectively referred to as the “Financial Statements”). The Financial Statements present fairly in all material respects the financial position of WECU the Contributed Entities as of the dates thereof and the results of operations of WECU the Contributed Entities for the periods presented. Except as set forth in Disclosure Schedule 3.5(a), there are no off-balance sheet arrangements that have or are reasonably likely to have a Contributed Entity Material Adverse Effect. The Financial Statements have been prepared in accordance with GAAP consistently applied throughout the periods presented, except that the Financial Statements reflect the transactions set forth on Disclosure Schedule 3.5(a) and do not include any notes. Except as required by GAAP, there were no changes in the method of application of WECU’s the Contributed Entities’ accounting policies or changes in the method of applying WECU’s the Contributed Entities’ use of estimates in the preparation of the Financial Statements as compared with past practice.

Appears in 1 contract

Samples: Contribution Agreement

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