Common use of Standards of Financial Statements Clause in Contracts

Standards of Financial Statements. Cause all financial statements referred to herein to be complete and correct in all material respects (subject, in the case of interim financial statements, to normal year-end audit adjustments and the absence of footnotes) and to be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein (except as concurred in by the Accountants or the reporting officer of a Borrower, as the case may be, and disclosed therein).

Standards of Financial Statements. Cause all financial statements referred to herein for the Loan Parties on a Consolidated and Consolidating basis to be complete and correct in all material respects (subject, in the case of interim financial statements, to normal year-end audit adjustments and the absence of footnotesadjustments) and to be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein (except as concurred in by the Accountants such reporting accountants or the reporting officer of a Borrowerofficer, as the case may be, and disclosed therein).