Common use of Financial Statements; Pro Forma Balance Sheet Clause in Contracts

Financial Statements; Pro Forma Balance Sheet. On or before the Funding Date for the NSA Acquisition Loans, Lenders shall have received from Company (i) financial statements of NSA and its Subsidiaries for its fiscal year ending December 31, 1995, consisting of balance sheets and the related consolidated statements of income, stockholders' equity and cash flows for such fiscal year, (ii) audited financial statements of NSA and its Subsidiaries for its fiscal year ending December 31, 1996, consisting of balance sheets and the related consolidated statements of income, stockholders' equity and cash flows for such fiscal year, and (iii) unaudited financial statements of NSA and its Subsidiaries for the seven- month period ending July 31, 1997, consisting of a balance sheet and the related consolidated statements of income, stockholders' equity and cash flows for such seven-month period, all in reasonable detail and prepared in accordance with GAAP and certified by the chief financial officer of Company that they fairly present the financial condition of NSA and its Subsidiaries as at the dates indicated and the results of their operations and cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments, and (iv) pro forma consolidated and consolidating balance sheets of Company and its Subsidiaries as at July 31, 1997 prepared in accordance with GAAP and reflecting the consummation of the NSA Acquisition, the related financings and the other transactions contemplated by the Loan Documents and the NSA Acquisition Agreement, which pro forma balance sheets shall be in form and substance satisfactory to Requisite Lenders.

Financial Statements; Pro Forma Balance Sheet. On or before the Funding Date for the NSA Acquisition LoansClosing Date, Lenders shall have received from Company (i) audited consolidated financial statements of NSA Company and its Subsidiaries for its fiscal year ending December 31Fiscal Years 1995, 19951996 and 1997, consisting of consolidated balance sheets and the related consolidated statements of income, stockholders' equity partners capital and cash flows for such fiscal yearFiscal Years, (ii) audited unaudited consolidated financial statements of NSA Company and its Subsidiaries for its each fiscal year ending December 31, 1996month and Fiscal Quarter ended subsequent to the date of the most recent financial statements delivered pursuant to clause (i), consisting of consolidated balance sheets and the related consolidated statements of income, stockholders' equity partner's capital, and cash flows for such fiscal year, and (iii) unaudited financial statements of NSA and its Subsidiaries for the seven- month period ending July 31, 1997, consisting of a balance sheet and the related consolidated statements of income, stockholders' equity and cash flows for such seven-month periodperiods, all in reasonable detail and prepared in accordance with GAAP and certified by the chief principal financial officer or principal accounting officer of Company that they fairly present present, in all material respects, the financial condition of NSA Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustmentsadjustments and the absence of footnotes, and (iviii) pro forma consolidated and consolidating balance sheets of Company and its Subsidiaries as at July 31the date of the most recent consolidated balance sheet delivered pursuant to clause (ii), 1997 prepared in accordance with GAAP and reflecting the consummation of the NSA AcquisitionRecapitalization Transactions, the related financings and the other transactions contemplated by the Loan Documents and the NSA Acquisition AgreementRelated Agreements as if such transactions had occurred on such date, which pro forma balance sheets financial statements shall be in form and substance reasonably satisfactory to Requisite Lenders.

Financial Statements; Pro Forma Balance Sheet. On or before the Funding Date for the NSA Acquisition LoansEffective Date, Lenders shall have received from Company Company: (i) financial statements of NSA and its Subsidiaries for its fiscal year ending December 31, 1995, consisting of balance sheets and the related consolidated statements of income, stockholders' equity and cash flows for such fiscal year, (ii) audited financial statements of NSA and its Subsidiaries for its fiscal year ending December 31, 1996Borrowers, consisting of combined balance sheets for Fiscal Years ended September 30, 1997, 1996 and 1995, and the related consolidated combined statements of income, stockholders' equity operations and cash flows for such fiscal yearFiscal Years ended September 30, 1997, 1996 and 1995; (iiiii) unaudited financial statements of NSA and its Subsidiaries for the seven- month period ending July 31Borrowers as at November 30, 1997, consisting of a combined balance sheet and the related consolidated statements combined statement of income, stockholders' equity operations and cash flows for such seventhe two-month periodperiod ending on such date, all in reasonable detail and prepared in accordance with GAAP and certified by the chief financial officer of Company that they fairly present the financial condition of NSA and its Subsidiaries Borrowers as at the dates indicated and the results of their its operations and its cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments, and ; (iviii) pro forma consolidated and consolidating combined balance sheets sheet of Company and its Subsidiaries as at July 31the Effective Date, 1997 prepared in accordance with GAAP and reflecting the consummation of the NSA Acquisition, the related financings and the other transactions contemplated by the Loan Documents and the NSA Acquisition Agreement, Transactions which pro forma balance sheets financial statements shall be in form and substance satisfactory to Requisite Lenders; and (iv) projected financial statements of Company and its Subsidiaries consisting of a combined balance sheet and the related combined statements of operations and cash flows for the five-year period after the Effective Date (including financial projections for each month during the twelve-month period following the Effective Date), which financial projections shall be in form and substance satisfactory to Lenders.

Financial Statements; Pro Forma Balance Sheet. On or before the Funding Date for the NSA Acquisition LoansClosing Date, Lenders Agents shall have received from Company (i) audited consolidated financial statements of NSA Company and its Subsidiaries for its fiscal year ending December 31Fiscal Years 1995, 19951996 and 1997, consisting of consolidated balance sheets and the related consolidated statements of income, stockholders' equity partners capital and cash flows for such fiscal yearFiscal Years, (ii) audited unaudited consolidated financial statements of NSA Company and its Subsidiaries for its each fiscal year ending December 31, 1996month and Fiscal Quarter ended subsequent to the date of the most recent financial statements delivered pursuant to clause (i), consisting of consolidated balance sheets and the related consolidated statements of income, stockholders' equity partner's capital, and cash flows for such fiscal year, and (iii) unaudited financial statements of NSA and its Subsidiaries for the seven- month period ending July 31, 1997, consisting of a balance sheet and the related consolidated statements of income, stockholders' equity and cash flows for such seven-month periodperiods, all in reasonable detail and prepared in accordance with GAAP and certified by the chief principal financial officer or principal accounting officer of Company that they fairly present present, in all material respects, the financial condition of NSA Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustmentsadjustments and the absence of footnotes, and (iviii) pro forma consolidated and consolidating balance sheets of Company and its Subsidiaries as at July 31the date of the most recent consolidated balance sheet delivered pursuant to clause (ii), 1997 prepared in accordance with GAAP and reflecting the consummation of the NSA AcquisitionRecapitalization Transactions, the related financings and the other transactions contemplated by the Loan Documents and the NSA Acquisition AgreementRelated Agreements as if such transactions had occurred on such date, which pro forma balance sheets financial statements shall be in form and substance reasonably satisfactory to Requisite LendersAgents.