Common use of Mercantile Financial Statements Clause in Contracts

Mercantile Financial Statements. The supplemental consolidated and parent company only balance sheets of Mercantile and its Subsidiaries as of December 31, 1996, 1995 and 1994 and related supplemental consolidated and parent company only statements of income, cash flows and changes in stockholders' equity for each of the three years in the three-year period ended December 31, 1996, together with the notes thereto, audited by KPMG Peat Marwick LLP ("Mercantile Auditors") and included in Mercantile's current report on Form 8-K dated May 13, 1997 as filed with the SEC, and the unaudited consolidated balance sheets of Mercantile and its Subsidiaries as of March 31, June 30, and September 30, 1997 and the related unaudited consolidated statements of income and cash flows for the periods then ended included in quarterly reports on Form 10-Q (including amendments thereto) as filed with the SEC (collectively, the "Mercantile Financial Statements"), have been prepared in accordance with GAAP, present fairly the consolidated financial position of Mercantile and its Subsidiaries at the dates and the consolidated results of operations, changes in stockholders' equity and cash flows of Mercantile and its Subsidiaries for the periods stated therein and are derived from the books and records of Mercantile and its Subsidiaries, which are complete and accurate in all material respects and have been maintained in all material respects in accordance with applicable laws and regulations. Neither Mercantile nor any of its Subsidiaries has any material contingent liabilities that are not reflected in the Mercantile Reports (defined below) or disclosed in the financial statements described above.

Mercantile Financial Statements. The supplemental supp- lemental consolidated and parent company only balance sheets of Mercantile and its Subsidiaries as of December 31, 19961995, 1995 1994 and 1994 1993 and related supplemental consolidated and parent company only statements of income, cash flows and changes in stockholdersshareholders' equity for each of the three years in the three-year period ended December 31, 19961995, together with the notes thereto, audited by KPMG Peat Marwick LLP ("Mercantile Mer- cantile Auditors") and included in Mercantile's current report re- port on Form 8-K dated May 13March 11, 1997 1996 as filed with the SEC, and the unaudited consolidated balance sheets of Mercantile and its Subsidiaries as of March 31, 31 and June 30, and September 30, 1997 1996 and the related unaudited consolidated statements of income and cash flows for the periods then ended included in quarterly reports re- ports on Form 10-Q (including amendments thereto) as filed with the SEC (collectively, the "Mercantile Financial Statements"), have been prepared in accordance with GAAP, present fairly the consolidated financial xxxxx- cial position of Mercantile and its Subsidiaries at the dates and the consolidated results of operations, changes in stockholdersstock- holders' equity and cash flows of Mercantile and its Subsidiaries Subsid- iaries for the periods stated therein and are derived from the books and records of Mercantile and its Subsidiaries, which are complete and accurate in all material respects and have been maintained in all material respects in accordance with applicable laws and regulations. Neither Mercantile nor any of its Subsidiaries has any material contingent liabilities that are not material either individually, or in the aggregate, to Mercantile and its Subsidiaries, taken as a whole, other than those reflected in the Mercantile Reports (defined below) Financial Statements or disclosed in the financial statements described abovefootnotes thereto, in the Mercantile SEC Reports (as hereinafter defined) or arising pursuant to agreements in the ordinary course of business.

Mercantile Financial Statements. The supplemental ------------------------------- consolidated and parent company only balance sheets of Mercantile and its Subsidiaries as of December 31, 19961994, 1995 1993 and 1994 1992 and related supplemental consolidated and parent company only statements of income, changes in shareholders' equity and cash flows and changes in stockholders' equity for each of the three years in the three-year period ended December 31, 19961994, together with the notes thereto, audited by KPMG Peat Marwick LLP ("Mercantile Auditors") and included in Mercantile's current report on Form 8-K dated May 13, 1997 as filed with the SECLLP, and the unaudited consolidated balance sheets sheet of Mercantile and its Subsidiaries as of March 31, June 30, 1995 and September 30, 1997 and the related unaudited consolidated statements of income and cash flows for the periods then three- month period ended included in quarterly reports on Form 10-Q (including amendments thereto) March 31, 1995, as filed with the SEC (collectively, the "Mercantile Financial Statements"), have been prepared in accordance with GAAP, present fairly the consolidated financial position of Mercantile and its Subsidiaries at the dates thereof and the consolidated results of operations, changes in stockholdersshareholders' equity and cash flows of Mercantile and its Subsidiaries for the periods stated therein and are derived from the books and records of Mercantile and its Subsidiaries, which are complete and accurate in all material respects and have been maintained in all material respects in accordance with applicable laws and regulationsgood business practices. Neither Mercantile nor any of its Subsidiaries has any material contingent liabilities that are not reflected described in the Mercantile Reports (defined below) or disclosed in the financial statements described aboveFinancial Statements.

Mercantile Financial Statements. The supplemental consolidated and parent company only ------------------------------- balance sheets of Mercantile and its Subsidiaries as of December 31, 1996, 1995 and 1994 and related supplemental consolidated and parent company only statements of income, changes in shareholders' equity and cash flows and changes in stockholders' equity for each of the three years in the three-year period ended December 31, 1996, together with the notes thereto, audited by KPMG Peat Marwick LLP ("Mercantile Auditors") and included in Mercantile's current report LLP, as filed with the SEC on Form 8-K dated May 13, 1997 as filed with the SEC, and the unaudited consolidated balance sheets and related statements of Mercantile income, changes in shareholders' equity and its Subsidiaries cash flows as of March 31, June 30of, and for each of the nine month periods ended, September 30, 1997 and 1996, as filed with the related unaudited consolidated statements of income and cash flows for the periods then ended included in quarterly reports SEC on Form 10-Q (including amendments thereto) as filed with for the SEC quarter ended September 30, 1997 (collectively, the "Mercantile Financial Statements"), have been prepared in accordance with GAAP, present fairly the consolidated financial position of Mercantile and its Subsidiaries at the dates thereof and the consolidated results of operations, changes in stockholdersshareholders' equity and cash flows of Mercantile and its Subsidiaries for the periods stated therein and are derived from the books and records of Mercantile and its Subsidiaries, which are complete and accurate in all material respects and have been maintained in all material respects in accordance with applicable laws and regulationsgood business practices. Neither Mercantile nor any of its Subsidiaries has any material contingent liabilities that are not reflected described in the Mercantile Reports (defined below) or disclosed in the financial statements described aboveFinancial Statements.

Mercantile Financial Statements. The supplemental consolidated and parent company only ------------------------------- balance sheets of Mercantile and its Subsidiaries as of December 31, 19961994, 1995 1993 and 1994 1992 and related supplemental consolidated and parent company only statements of income, changes in shareholders' equity and cash flows and changes in stockholders' equity for each of the three years in the three-year period ended December 31, 19961994, together with the notes thereto, audited by KPMG Peat Marwick LLP ("Mercantile Auditors") and included in Mercantile's current report on Form 8-K dated May 13, 1997 as filed with the SECLLP, and the unaudited consolidated balance sheets sheet of Mercantile and its Subsidiaries as of March 31, June 30, 1995 and September 30, 1997 and the related unaudited consolidated statements of income and cash flows for the periods then six-month period ended included in quarterly reports on Form 10-Q (including amendments thereto) June 30, 1995, as filed with the SEC (collectively, the "Mercantile Financial Statements"), have been prepared in accordance with GAAP, present fairly the consolidated financial position of Mercantile and its Subsidiaries at the dates thereof and the consolidated results of operations, changes in stockholdersshareholders' equity and cash flows of Mercantile and its Subsidiaries for the periods stated therein and are derived from the books and records of Mercantile and its Subsidiaries, which are complete and accurate in all material respects and have been maintained in all material respects in accordance with applicable laws and regulationsgood business practices. Neither Mercantile nor any of its Subsidiaries has any material contingent liabilities that are not reflected described in the Mercantile Reports (defined below) or disclosed in the financial statements described aboveFinancial Statements.