Common use of Financial Statements; Solvency Clause in Contracts

Financial Statements; Solvency. (a) There has been furnished to the Banks (i) the consolidated balance sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified by Ernst & Young LLP or such other independent accounting firm acceptable to the Banks (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Balance Sheet Date for the 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 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 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 have been furnished to each of the Banks (i) the Lenders a consolidated balance sheet of the Borrowers Borrower dated the Balance Sheet Date Date, and a consolidated statements statement of operations for the fiscal year then ended, Certified certified by Ernst & Young LLP KPMG Peat Marwick, L.L.P. or such by other independent accounting firm acceptable certified public accountants satisfactory to the Banks Managing Agent (the "Accountants"), and (ii) . There have also been furnished to each of the Lenders a consolidated and consolidating unaudited balance sheet and related consolidated and consolidating statement of operations of the Borrowers Borrower dated the Balance Sheet Date for the fiscal quarter then endedJune 30, 1997. Said Such balance sheets and statements of operations have been prepared in accordance with GAAP, GAAP and fairly present in all material respects the financial condition of the Borrowers Borrower on a consolidated basis, 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 Borrower or any of its Subsidiaries as of such date dates involving amounts of $250,000 or more in the aggregate material amounts, known to the officers of the Borrowers which have Borrower or its Subsidiaries not been disclosed in said balance sheets financial statements and the related notes thereto. Since the Balance Sheet Date, the Borrower and its Subsidiaries have not incurred any liabilities other than in the ordinary course of business or as the case may bepermitted by (S)11.1 hereof.

Financial Statements; Solvency. (a) There has been furnished to the Banks Lender (i) the consolidated balance sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified certified by Ernst Coopers & Young LLP Xxxxxxx or such other independent accounting firm acceptable to the Banks Lender (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Balance Sheet Date for the 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 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 amounts of $250,000 100,000 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 sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified certified by Ernst Coopers & Young LLP Lybrand or such other independent accounting firm acceptable to the Banks acceptablx xx xxe Lender (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Balance Sheet Date for the 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 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 amounts of $250,000 100,000 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 (i) the consolidated balance sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, Certified certified by Ernst & Young LLP or such other independent accounting firm acceptable to the Banks (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Interim Balance Sheet Date for the 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 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 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.