Common use of Audited Annual Financial Statements Clause in Contracts

Audited Annual Financial Statements. As soon as practicable and, in any case, within one hundred and twenty (120) days after the end of each fiscal year, financial statements of the Company, consisting of the balance sheet of the Company as of the end of such fiscal year and the statements of operations, statements of shareholders' equity and statements of cash flows of the Company for such fiscal year, setting forth in each case, in comparative form, the figures for the preceding fiscal year, all in reasonable detail and fairly presented in accordance with generally accepted accounting principles applied on a consistent basis throughout the periods reflected therein, and accompanied by an opinion thereon of KPMG Peat Marwick LLP, or other independent certified public accountants selected by the Company of good and recognized national standing in the United States.

Appears in 4 contracts

Samples: Preferred Stock Purchase Agreement (State Communications Inc), Preferred Stock Purchase Agreement (State Communications Inc), Preferred Stock Purchase Agreement (State Communications Inc)

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