Common use of Kraft Financial Statements Clause in Contracts

Kraft Financial Statements. The Kraft Financial Statements present fairly, in all material respects, the assets and liabilities (whether accrued, absolute, contingent or otherwise) of Kraft as of the date thereof, and the sales and earnings of the Kraft Business during the periods covered thereby, in all material respects, and have been prepared in substantial accordance with generally accepted accounting principles consistently applied;