Common use of Financial Statements; Solvency Clause in Contracts

Financial Statements; Solvency. (a) There has been furnished to the Banks (i) consolidated balance sheets of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified by Xxxxxx Xxxxxxxx & Co. or an independent accounting firm of national standing acceptable to the Banks (the "Accountants") and (ii) unaudited consolidated balance sheets of the Borrowers dated January 31, 1997 and unaudited consolidated statements of operations for the nine (9) month period then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers, on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving material amounts, known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Banks (i) the consolidated balance sheets sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified certified by Xxxxxx Xxxxxxxx Ernst & Co. Young LLP or an such other independent accounting firm of national standing acceptable to the Banks (the "Accountants") ), and (ii) unaudited a consolidated and consolidating balance sheets sheet and related consolidated and consolidating statement of operations of the Borrowers dated January 31, 1997 and unaudited consolidated statements of operations the Interim Balance Sheet Date for the nine (9) month period fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers, Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving material amounts, amounts of $250,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Banks (i) consolidated balance sheets of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified certified by Xxxxxx Xxxxxxxx & Co. or an independent accounting firm of national standing acceptable to the Banks (the "Accountants") and (ii) unaudited consolidated balance sheets of the Borrowers dated January October 31, 1997 and unaudited consolidated statements of operations for the nine six (96) month period then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers, on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving material amounts, known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Banks (i) the consolidated balance sheets sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified by Xxxxxx Xxxxxxxx Ernst & Co. Young LLP or an such other independent accounting firm of national standing acceptable to the Banks (the "Accountants") ), and (ii) unaudited a consolidated and consolidating balance sheets sheet and related consolidated and consolidating statement of operations of the Borrowers dated January 31, 1997 and unaudited consolidated statements of operations the Balance Sheet Date for the nine (9) month period fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers, Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving material amounts, amounts of $250,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Banks Lender (i) the consolidated balance sheets sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified certified by Xxxxxx Xxxxxxxx Coopers & Co. Lybrand or an such other independent accounting firm of national standing acceptable to the Banks acceptablx xx xxe Lender (the "Accountants") ), and (ii) unaudited a consolidated and consolidating balance sheets sheet and related consolidated and consolidating statement of operations of the Borrowers dated January 31, 1997 and unaudited consolidated statements of operations the Balance Sheet Date for the nine (9) month period fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers, Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving material amounts, amounts of $100,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Banks Lender (i) the consolidated balance sheets sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified certified by Xxxxxx Xxxxxxxx Coopers & Co. Xxxxxxx or an such other independent accounting firm of national standing acceptable to the Banks Lender (the "Accountants") ), and (ii) unaudited a consolidated and consolidating balance sheets sheet and related consolidated and consolidating statement of operations of the Borrowers dated January 31, 1997 and unaudited consolidated statements of operations the Balance Sheet Date for the nine (9) month period fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers, Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving material amounts, amounts of $100,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.