Common use of SEC Filings/Full Disclosure Clause in Contracts

SEC Filings/Full Disclosure. None of the Subsidiary Company's filings with the SEC since January 1, 1997 contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein in light of the circumstances under which they were made, not misleading. The Subsidiary Company has, since January 1, 1997, timely filed all requisite forms reports and exhibits thereto with the SEC. The Subsidiary Company's Prospectus declared effective by the SEC on June 28, 1996, the Annual Report on Form 10-K for the year ended December 31, 1996, its Quarterly Reports for the periods ended March 31, 1997 and all Current Reports on Form 8-K filed by the Subsidiary Company from January 1, 1996 to date are referred to as the "CXI SEC Reports." There is no fact known to the Subsidiary Company (other than general economic conditions known to the public generally) that has not been disclosed in writing to the Purchaser which could reasonably be expected to have a material adverse effect on the condition (financial or otherwise) or in the earnings, business affairs, business prospects, properties or assets of the Subsidiary Company, or (ii) could reasonably be expected to materially and adversely affect the ability of the Subsidiary Company to perform its obligations pursuant to this Agreement.

SEC Filings/Full Disclosure. None of the Subsidiary Company's filings with the SEC Securities and Exchange Commission since January 1, 1997 1996 contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein in light of the circumstances under which they were made, not misleading. The Subsidiary Company has, since January 1, 19971996, timely filed all requisite forms forms, reports and exhibits thereto with the Securities and Exchange Commission ("SEC"). The Subsidiary Company's Prospectus declared effective by the SEC on June 28, 1996, the Annual Report on Form 10-K for the year ended December 31, 19961996 (the "1996 10-K"), its Quarterly Reports Report for the periods period ended March 31, 1997 1997, and all Current Reports on Form 8-K filed by the Subsidiary Company from January 1, 1996 1997, to date are referred to as the "CXI SEC Reports." There is no fact known to the Subsidiary Company (other than general economic conditions known to the public generally) that has not been disclosed in writing to the Purchaser which could reasonably be expected to have a material adverse effect on the condition (financial or otherwise) or in the earnings, business affairs, business prospects, properties or assets of the Subsidiary Company, or (ii) could reasonably be expected to materially and adversely affect the ability of the Subsidiary Company to perform its obligations pursuant to this Agreement.

SEC Filings/Full Disclosure. None of the Subsidiary Company's filings with the SEC since January 1, 1997 contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein in light of the circumstances under which they were made, not misleading. The Subsidiary Company has, since January 1, 1997, timely filed all requisite forms forms, reports and exhibits thereto with the SEC. The Subsidiary Company's Prospectus declared effective by the SEC on June 28, 1996, the Annual Report on Form 10-K for the year ended December 31, 1996, its Quarterly Reports for the periods ended March 31, 1997 and all Current Reports on Form 8-K filed by the Subsidiary Company from January 1, 1996 to date are referred to as the "CXI SEC Reports." There is no fact known to the Subsidiary Company (other than general economic conditions known to the public generally) that has not been disclosed in writing to the Purchaser which could reasonably be expected to have a material adverse effect on the condition (financial or otherwise) or in the earnings, business affairs, business prospects, properties or assets of the Subsidiary Company, or (ii) could reasonably be expected to materially and adversely affect the ability of the Subsidiary Company to perform its obligations pursuant to this Agreement.