Common use of Future Financial Statements Clause in Contracts

Future Financial Statements. The financial statements delivered pursuant to Section 5.01(a) or (c) shall be complete and correct and present fairly, in accordance with Generally Accepted Accounting Principles (except for changes therein or departures therefrom that are described in the certificate or report accompanying such statements and that have been approved in writing by the Borrower's then current independent certified public accountants, and except for normal year-end audit adjustments and, in the case of financial statements delivered pursuant to Section 5.01(a), the absence of footnotes), the consolidated and, if prepared by the Borrower, consolidating financial position of the Borrower and the Consolidated Subsidiaries as at their respective dates and the consolidated and, if prepared by the Borrower, consolidating results of operations, retained earnings and cash flows of the Borrower and such Subsidiaries for the respective periods to which such statements relate, and the furnishing of the same to the Banks shall constitute a representation and warranty by the Borrower made on the date the same are furnished to the Banks to that effect and to the further effect that, except as disclosed or reflected in such financial statements, as at the respective dates thereof, neither the Borrower nor any Subsidiary had any Liability, contingent or otherwise, or any unrealized or anticipated loss, that, singly or in the aggregate, has had or might have a Materially Adverse Effect on the Borrower and the Consolidated Subsidiaries taken as a whole.

Future Financial Statements. The financial statements delivered pursuant to Section 5.01(a) or (cb) shall be complete and correct and present fairlyfairly in all material respects, in accordance with Generally Accepted Accounting Principles (except for changes therein or departures therefrom that are described in the certificate or report accompanying such statements and that have been approved in writing by the Borrower's then current independent certified public accountantsaccountants of LIN Television or the Borrower, as the case may be, and except for normal year-end audit adjustments andexcept, in the case of quarterly financial statements delivered pursuant to Section 5.01(a)statements, the absence of footnotesfor ordinary year-end audit adjustments), the consolidated and, if prepared by the Borrower, financial position of LIN Television and its Consolidated Subsidiaries and consolidated and consolidating financial position of the Borrower and the Consolidated Subsidiaries Restricted Subsidiaries, as the case may be, as at their respective dates and the consolidated and, if prepared by the Borrower, and consolidating results of operations, retained earnings and cash flows of LIN Television and its Consolidated Subsidiaries and the Borrower and such Subsidiaries the Restricted Subsidiaries, as the case may be, for the respective periods to which such statements relate, and the furnishing of the same to the Banks shall constitute a representation and warranty by each of LIN Television and the Borrower made on the date the same are furnished to the Banks to that effect and to the further effect that, except as disclosed or reflected in such financial statements, as at the respective dates thereof, neither none of LIN Television, the Borrower nor any Restricted Subsidiary had any Liability, contingent or otherwise, or any unrealized or anticipated loss, that, singly or in the aggregate, has had or might could have a Materially Adverse Effect on the Borrower and the Consolidated Restricted Subsidiaries taken as a whole.

Future Financial Statements. The financial statements delivered pursuant to Section 5.01(a), (b), (d) or and (ce) shall be complete and correct and present fairly, in accordance with Generally Accepted Accounting Principles (except for changes therein or departures therefrom that are described in the certificate or report accompanying such statements and that have been approved in writing by the Borrower's then current independent certified public accountants) or SAP, and except for normal year-end audit adjustments as applicable, the consolidated and, in the case of any such financial statements delivered pursuant to Section 5.01(a)prepared in accordance with Generally Accepted Accounting Principles, the absence of footnotes), the consolidated and, if prepared by the Borrower, consolidating financial position of the Borrower and and/or the Consolidated Subsidiaries Subsidiaries, as applicable, as at their respective dates and the consolidated and, if in the case of any such financial statements prepared by in accordance with Generally Accepted Accounting Principles, the Borrower, consolidating results of operations, retained earnings and cash flows of the Borrower and and/or such Subsidiaries Subsidiaries, as applicable, for the respective periods to which such statements relate, and the furnishing of the same to the Banks shall constitute a representation and warranty by the Borrower made on the date the same are furnished to the Banks to that effect and to the further effect that, except as disclosed or reflected in such financial statements, as at the respective dates thereof, neither the Borrower nor any Subsidiary had any Liability, contingent or otherwise, or any unrealized or anticipated loss, that, singly or in the aggregate, has had or might have a Materially Adverse Effect on the Borrower and the Consolidated Subsidiaries taken as a whole.

Future Financial Statements. The financial statements delivered pursuant to Section 5.01(a) or (c) shall be complete and correct and present fairly, in accordance with Generally Accepted Accounting Principles (except for (i) changes therein or departures therefrom that are described in the certificate or report accompanying such statements and that have been approved in writing by the Borrower's then current independent certified public accountants, and except for (ii) normal year-end audit adjustments adjustments, (iii) in the case of consolidating statements, the presentation of Investments in Persons formed pursuant to joint operating agreements on a pro rata consolidation basis, and, (iv) in the case of financial statements delivered pursuant to Section 5.01(a), the absence of footnotes), ) the consolidated and, if prepared by the Borrower, consolidating financial position of the Borrower and the Consolidated Subsidiaries as at their respective dates and the consolidated and, if prepared by the Borrower, consolidating results of operations, retained earnings and cash flows of the Borrower and such Subsidiaries for the respective periods to which such statements relate, and the furnishing of the same to the Banks shall constitute a representation and warranty by the Borrower made on the date the same are furnished to the Banks to that effect and to the further effect that, except as disclosed or reflected in such financial statements, as at the respective dates thereof, neither the Borrower nor any Subsidiary had any Liability, contingent or otherwise, or any unrealized or anticipated loss, that, singly or in the aggregate, has had or might have a Materially Adverse Effect on the Borrower and the Consolidated Restricted Subsidiaries taken as a whole.

Future Financial Statements. The financial statements delivered pursuant to Section 5.01(a) or (c) shall be complete and correct and present fairly, in accordance with Generally Accepted Accounting Principles (except for changes therein or departures therefrom that are described in the certificate or report accompanying such statements and that have been approved in writing by the Borrower's then current independent certified public accountants, and except for normal year-end audit adjustments and, in the case of financial statements delivered pursuant to Section 5.01(a), the absence of footnotes), ) the consolidated and, if prepared by the Borrower, consolidating financial position of the Borrower and the Consolidated Subsidiaries as at their respective dates and the consolidated and, if prepared by the Borrower, consolidating results of operations, retained earnings and cash flows of the Borrower and such Subsidiaries for the respective periods to which such statements relate, and the furnishing of the same to the Banks shall constitute a representation and warranty by the Borrower made on the date the same are furnished to the Banks to that effect and to the further effect that, except as disclosed or reflected in such financial statements, as at the respective dates thereof, neither the Borrower nor any Subsidiary had any Liability, contingent or otherwise, or any unrealized or anticipated loss, that, singly or in the aggregate, has had or might have a Materially Adverse Effect on the Borrower and the Consolidated Restricted Subsidiaries taken as a whole.