Common use of Financial Reports and SEC Documents; Disclosure and Internal Controls Clause in Contracts

Financial Reports and SEC Documents; Disclosure and Internal Controls. (i) The VLI 2003 10-K and all other reports, registration statements, definitive proxy statements or information statements filed or to be filed by VLI or any of its Subsidiaries subsequent to December 31, 2000, including, but not limited to, items incorporated by reference into such reports, registration statements, definitive proxy statements or information statements under the Securities Act or under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, in the form filed, or to be filed (collectively, the "VLI SEC DOCUMENTS"), with the SEC (i) complied or will comply in all material respects as to form with the applicable requirements under the Securities Act or the Exchange Act, as the case may be, and (ii) as of its filing date, did not or will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading; and each of the balance sheets contained in or incorporated by reference into any such VLI SEC Document (including the related notes and schedules thereto) fairly presents or will fairly present the financial position of the entity or entities to which it relates as of its date, and each of the statements of income and changes in shareholders' equity and cash flows or equivalent statements in such VLI SEC Documents (including any related notes and schedules thereto) fairly presents or will fairly present the results of operations, changes in shareholders' equity and changes in cash flows, as the case may be, of the entity or entities to which it relates for the periods to which it relates, in each case in accordance with GAAP consistently applied during the periods involved, except, in each case, as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. There are no outstanding comments from, or unresolved issues raised by, the SEC with respect to the VLI SEC Documents. No executive officer of VLI or VLI GP has failed in any respect to make the certification required of him or her under Sections 302 or 906 of the Sarbanes-Oxley Act of 2002 and no enforcement action has been initiaxxx xxxxxxx XXI relating to disclosures contained in any VLI SEC Documents.

Financial Reports and SEC Documents; Disclosure and Internal Controls. (i) The VLI KSL 2003 10-K and all other reports, registration statements, definitive proxy statements or information statements filed or to be filed by VLI KSL or any of its Subsidiaries subsequent to December 31, 2000, including, 2000 (including but not limited to, items incorporated by reference into such reports, registration statements, definitive proxy statements or information statements statements) under the Securities Act or under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, Act in the form filed, or to be filed (collectively, the "VLI KSL SEC DOCUMENTS"), with the SEC SEC, (i1) complied or will comply in all material respects as to form with the applicable requirements under the Securities Act or the Exchange Act, as the case may be, and (ii2) as of its filing date, did not or will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading; and each of the balance sheets contained in or incorporated by reference into any such VLI KSL SEC Document (including the related notes and schedules thereto) fairly presents or will fairly present the financial position of the entity or entities to which it relates as of its date, and each of the statements of income operations and changes in shareholders' equity and cash flows or equivalent statements in such VLI KSL SEC Documents (including any related notes and schedules thereto) fairly presents or will fairly present the results of operations, changes in shareholders' equity and changes in cash flows, as the case may be, of the entity or entities to which it relates for the periods to which it relates, in each case in accordance with GAAP consistently applied during the periods involved, except, in each case, as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. There are no outstanding comments from, or unresolved issues raised by, the SEC with respect to any of the VLI KSL SEC Documents. No executive officer of VLI or VLI GP any of the KSL Entities has failed in any respect to make the certification required of him or her under Sections 302 or 906 of the Sarbanes-Oxley Act of 2002 and no enforcement action has been initiaxxx xxxxxxx XXI XXL relating to disclosures contained in any VLI KSL SEC DocumentsDocument.

Financial Reports and SEC Documents; Disclosure and Internal Controls. (i) The VLI KPP 2003 10-K and all other reports, registration statements, definitive proxy statements or information statements filed or to be filed by VLI or on behalf of KPP or any of its Subsidiaries subsequent to December 31, 2000, including, but not limited to, items incorporated by reference into such reports, registration statements, definitive proxy statements or information statements under the Securities Act or under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, Act in the form filed, or to be filed (collectively, the "VLI KANEB SEC DOCUMENTS"), with the SEC SEC, (i1) complied or will comply in all material respects as to form with the applicable requirements under the Securities Act or the Exchange Act, as the case may be, and (ii2) as of its filing date, did not or will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading; and each of the balance sheets contained in or incorporated by reference into any such VLI Kaneb SEC Document (including the related notes and schedules thereto) fairly presents or will fairly present the financial position of the entity or entities to which it relates as of its date, and each of the statements of income and changes in shareholders' equity and cash flows or equivalent statements in such VLI Kaneb SEC Documents (including any related notes and schedules thereto) fairly presents or will fairly present the results of operations, changes in shareholders' equity and changes in cash flows, as the case may be, of the entity or entities to which it relates for the periods to which it relates, in each case in accordance with GAAP consistently applied during the periods involved, except, in each case, as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. There are no outstanding comments from, or unresolved issues raised by, the SEC with respect to the VLI Kaneb SEC Documents. No executive officer of VLI or VLI GP any of the Kaneb Entities has failed in any respect to make the certification required of him or her under Sections 302 or 906 of the Sarbanes-Oxley Act of 2002 and no enforcement action has been initiaxxx xxxxxxx XXI xxy of the Kaneb Entities relating to disclosures contained in any VLI Kaneb SEC DocumentsDocument.

Financial Reports and SEC Documents; Disclosure and Internal Controls. (i) The VLI 2003 10-K and all other reports, registration statements, definitive proxy statements or information statements filed or to be filed by VLI or any of its Subsidiaries subsequent to December 31, 2000, including, but not limited to, items incorporated by reference into such reports, registration statements, definitive proxy statements or information statements under the Securities Act or under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, in the form filed, or to be filed (collectively, the "“VLI SEC DOCUMENTS"Documents”), with the SEC (i) complied or will comply in all material respects as to form with the applicable requirements under the Securities Act or the Exchange Act, as the case may be, and (ii) as of its filing date, did not or will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading; and each of the balance sheets contained in or incorporated by reference into any such VLI SEC Document (including the related notes and schedules thereto) fairly presents or will fairly present the financial position of the entity or entities to which it relates as of its date, and each of the statements of income and changes in shareholders' ’ equity and cash flows or equivalent statements in such VLI SEC Documents (including any related notes and schedules thereto) fairly presents or will fairly present the results of operations, changes in shareholders' ’ equity and changes in cash flows, as the case may be, of the entity or entities to which it relates for the periods to which it relates, in each case in accordance with GAAP consistently applied during the periods involved, except, in each case, as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. There are no outstanding comments from, or unresolved issues raised by, the SEC with respect to the VLI SEC Documents. No executive officer of VLI or VLI GP has failed in any respect to make the certification required of him or her under Sections 302 or 906 of the SarbanesXxxxxxxx-Oxley Xxxxx Act of 2002 and no enforcement action has been initiaxxx xxxxxxx XXI initiated against VLI relating to disclosures contained in any VLI SEC Documents.

Financial Reports and SEC Documents; Disclosure and Internal Controls. (i) The VLI KPP 2003 10-K and all other reports, registration statements, definitive proxy statements or information statements filed or to be filed by VLI or on behalf of KPP or any of its Subsidiaries subsequent to December 31, 2000, including, but not limited to, items incorporated by reference into such reports, registration statements, definitive proxy statements or information statements under the Securities Act or under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, Act in the form filed, or to be filed (collectively, the "VLI “Kaneb SEC DOCUMENTS"Documents”), with the SEC SEC, (i1) complied or will comply in all material respects as to form with the applicable requirements under the Securities Act or the Exchange Act, as the case may be, and (ii2) as of its filing date, did not or will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading; and each of the balance sheets contained in or incorporated by reference into any such VLI Kaneb SEC Document (including the related notes and schedules thereto) fairly presents or will fairly present the financial position of the entity or entities to which it relates as of its date, and each of the statements of income and changes in shareholders' ’ equity and cash flows or equivalent statements in such VLI Kaneb SEC Documents (including any related notes and schedules thereto) fairly presents or will fairly present the results of operations, changes in shareholders' ’ equity and changes in cash flows, as the case may be, of the entity or entities to which it relates for the periods to which it relates, in each case in accordance with GAAP consistently applied during the periods involved, except, in each case, as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. There are no outstanding comments from, or unresolved issues raised by, the SEC with respect to the VLI Kaneb SEC Documents. No executive officer of VLI or VLI GP any of the Kaneb Entities has failed in any respect to make the certification required of him or her under Sections 302 or 906 of the SarbanesXxxxxxxx-Oxley Xxxxx Act of 2002 and no enforcement action has been initiaxxx xxxxxxx XXI initiated against any of the Kaneb Entities relating to disclosures contained in any VLI Kaneb SEC DocumentsDocument.

Financial Reports and SEC Documents; Disclosure and Internal Controls. (i) The VLI KSL 2003 10-K and all other reports, registration statements, definitive proxy statements or information statements filed or to be filed by VLI KSL or any of its Subsidiaries subsequent to December 31, 2000, including, 2000 (including but not limited to, items incorporated by reference into such reports, registration statements, definitive proxy statements or information statements statements) under the Securities Act or under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, Act in the form filed, or to be filed (collectively, the "VLI “KSL SEC DOCUMENTS"Documents”), with the SEC SEC, (i1) complied or will comply in all material respects as to form with the applicable requirements under the Securities Act or the Exchange Act, as the case may be, and (ii2) as of its filing date, did not or will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading; and each of the balance sheets contained in or incorporated by reference into any such VLI KSL SEC Document (including the related notes and schedules thereto) fairly presents or will fairly present the financial position of the entity or entities to which it relates as of its date, and each of the statements of income operations and changes in shareholders' ’ equity and cash flows or equivalent statements in such VLI KSL SEC Documents (including any related notes and schedules thereto) fairly presents or will fairly present the results of operations, changes in shareholders' ’ equity and changes in cash flows, as the case may be, of the entity or entities to which it relates for the periods to which it relates, in each case in accordance with GAAP consistently applied during the periods involved, except, in each case, as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. There are no outstanding comments from, or unresolved issues raised by, the SEC with respect to any of the VLI KSL SEC Documents. No executive officer of VLI or VLI GP any of the KSL Entities has failed in any respect to make the certification required of him or her under Sections 302 or 906 of the SarbanesXxxxxxxx-Oxley Xxxxx Act of 2002 and no enforcement action has been initiaxxx xxxxxxx XXI initiated against KSL relating to disclosures contained in any VLI KSL SEC DocumentsDocument.