Common use of Financial Representations Clause in Contracts

Financial Representations. Included with the Purchaser Public Documents are true, correct, and complete copies of the Purchaser Financial Statements. The Purchaser Financial Statements: (a) are in accordance with the books and records of the Purchaser; (b) present fairly the financial condition of the Purchaser as of the respective dates indicated and its results of operations for such periods; and (c) have been prepared in accordance with GAAP. The Purchaser has not received any advice or notification from its independent certified public accountants that the Purchaser has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting in the Purchaser Financial Statements or the books and records of the Purchaser, any properties, assets, Liabilities, revenues, or expenses. The books, records and accounts of the Purchaser accurately and fairly reflect, in reasonable detail, the assets and Liabilities of the Purchaser. The Purchaser has not engaged in any transaction, maintained any bank account, or used any funds of the Purchaser, except for transactions, bank accounts and funds which have been and are reflected in the normally maintained books and records of the Purchaser.

Appears in 11 contracts

Samples: Share Exchange Agreement (Swingplane Ventures, Inc.), Share Exchange Agreement (Swingplane Ventures, Inc.), Share Exchange Agreement (Swingplane Ventures, Inc.)

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Financial Representations. Included with the Purchaser Public SEC Documents are true, correct, and complete copies of the Purchaser Financial Statements. The Purchaser Financial Statements: (a) are in accordance with the books and records of the Purchaser; (b) present fairly the financial condition of the Purchaser as of the respective dates indicated and its the results of operations for such periods; and (c) have been prepared in accordance with GAAP. The Purchaser has not received any advice or notification from its independent certified public accountants that the Purchaser has used any improper accounting practice that would have the effect of not reflecting or incorrectly reflecting in the Purchaser Financial Statements or the books and records of the Purchaser, any properties, assets, Liabilities, revenues, or expenses. The books, records and accounts of the Purchaser accurately and fairly reflect, in reasonable detail, the assets and Liabilities of the Purchaser. The Purchaser has not engaged in any transaction, maintained any bank account, or used any funds of the Purchaser, except for transactions, bank accounts and funds which have been and are reflected in the normally maintained books and records of the Purchaser.

Appears in 1 contract

Samples: Share Exchange Agreement (Global System Designs, Inc.)

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