Audited Clause Samples

Audited. The May 27, 2012 consolidated financial statements of the Company heretofore delivered to each Bank were prepared in accordance with Generally Accepted Accounting Principles in effect on the date such statements were prepared and fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries at such date and the consolidated results of their operations for the period then ended.

Audited. The Company has delivered to Parent copies of Company’s audited financial statements for the fiscal years ended December 31, 2003, 2004, and 2005, together with the notes thereto (the “Audited Financial Statements”). The Audited Financial Statements were prepared in accordance with GAAP consistently applied throughout the period indicated, are correct and complete and fairly present the financial position and condition of the Company at the date thereof and the results of operations of the Company for the period covered thereby, and contain no material misstatements or omissions.

Audited statement of the financial condition of the Borrower for each such fiscal year, including but not limited to, a balance sheet and profit and loss statement and any other report requested by Bank relating to the Collateral and the financial condition of Borrower, and a certificate signed by an authorized employee of Borrower to the effect that all reports, statements, computer disk or tape files, computer printouts, computer runs, or other computer prepared Information of any kind or nature relating to the foregoing or documents delivered or caused to be delivered to Bank under this subparagraph are complete, correct and thoroughly present the financial condition of borrower and that there exists on the date of delivery to Bank no condition or event which constitutes a breach or Event of Default under this Agreement.

Audited. Promptly after preparation but no later than 90 days after the last day of each fiscal year of PMC, audited Financials showing the Companies’ consolidated financial condition and results of operations as of, and for the year ended on, that last day, accompanied by the opinion, without qualification, of a nationally recognized firm of independent certified public accountants acceptable to Required Lenders, based on an audit using generally accepted auditing standards, that the consolidated portion of those Financials were prepared in accordance with GAAP and present fairly, in all material respects, the Companies’ consolidated financial condition and results of operations,

Audited. The May 26, 2019 audited consolidated financial statements, and the unaudited consolidated financial statements for the financial quarter of the Company most recently ended prior to the Effective Date, heretofore delivered to the Administrative Agent were prepared in accordance with Generally Accepted Accounting Principles in effect on the date such statements were prepared and fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries at such date and the consolidated results of their operations for the period then ended (in the case of quarterly financial statements subject to the absence of footnotes and annual and year-end adjustments).

Audited. The balance sheet of the Company as at December 31 of each of the years 1994, 1995 and 1996 and the statements of income and retained earnings (deficit) and cash flows of the Company for each of the years then ended, audited and reported upon (with an unqualified opinion, except that it may contain an explanatory paragraph regarding the Company's ability to continue as a going concern) by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & Co., L.L.P. (the "Company's Auditors").