Common use of Regulatory Reports; Examinations Clause in Contracts

Regulatory Reports; Examinations. Buyer and each of its Subsidiaries have timely filed all material reports, registrations and statements, together with any amendments required to be made with respect thereto, that they were required to file since December 31, 1993 with any Governmental Entity, and have paid all fees and assessments due and payable in connection therewith. Except for normal examinations conducted by a Governmental Entity in the regular course of the business of Buyer and its Subsidiaries, and except as set forth in Section 4.16 of Buyer Disclosure Schedule, no Governmental Entity has initiated any proceeding or, to the best knowledge of Buyer, investigation into the business or operations of Buyer or any of its Subsidiaries since December 31, 1993. There is no unresolved material violation, criticism, or exception by any Governmental Entity with respect to any report or statement relating to any examinations of Buyer or any of its Subsidiaries.

Regulatory Reports; Examinations. Buyer The Company and each of its Subsidiaries have timely filed all material reports, registrations and statements, together with any amendments required to be made with respect thereto, that they were required to file since December 31, 1993 with any Governmental Entity, Entity and have paid all fees and assessments due and payable in connection therewith. Except for normal examinations conducted by a Governmental Entity in the regular course of the business of Buyer the Company and its Subsidiaries, Subsidiaries and except as set forth in Section 4.16 3.5 of Buyer the Company Disclosure Schedule, no Governmental Entity has initiated any proceeding or, to the best knowledge of Buyerthe Company, investigation into the business or operations of Buyer the Company or any of its Subsidiaries since December 31, 1993. There is no unresolved material violation, criticism, or exception by any Governmental Entity with respect to any report or statement relating to any examinations of Buyer the Company or any of its Subsidiaries.