Common use of Balance Sheet Clause in Contracts

Balance Sheet. The consolidated balance sheet of the Cooperative and its Subsidiaries as of June 30, 1998, and the related consolidated statements of operations, patrons' equity and of cash flows for the period then ended certified by PricewaterhouseCoopers L.L.P., and the unaudited consolidated balance sheet of the Cooperative and its Subsidiaries as of September 30, 1998, and the related statement of operations for the period then ended, heretofore delivered to Statesman, are complete and correct and fairly present the financial condition of the Cooperative and its Subsidiaries and the results of their operations and transactions in their surplus accounts as of the dates and for the periods referred to therein and have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the period involved. There are no liabilities, direct or indirect, fixed or contingent of the Cooperative or any of its Subsidiaries as of the dates of such balance sheets that are not reflected therein or in the notes thereto. There has been no material adverse change in the financial condition or operations of the Cooperative since the dates of those balance sheets, and there has been no other material adverse change in the Cooperative.

Balance Sheet. The consolidated balance sheet of the ------------- Cooperative and its Subsidiaries as of June 30, 1998, and the related consolidated statements of operations, patrons' equity and of cash flows for the period then ended certified by PricewaterhouseCoopers L.L.P., and the unaudited consolidated balance sheet of the Cooperative and its Subsidiaries as of September 30, 1998, and the related statement of operations for the period then ended, heretofore delivered to Statesman, are complete and correct and fairly present the financial condition of the Cooperative and its Subsidiaries and the results of their operations and transactions in their surplus accounts as of the dates and for the periods referred to therein and have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the period involved. There are no liabilities, direct or indirect, fixed or contingent of the Cooperative or any of its Subsidiaries as of the dates of such balance sheets that are not reflected therein or in the notes thereto. There has been no material adverse change in the financial condition or operations of the Cooperative since the dates of those balance sheets, and there has been no other material adverse change in the Cooperative.

Balance Sheet. The consolidated balance sheet of the Cooperative and its Subsidiaries as of June 30, 19981997, and the related consolidated statements of operations, patrons' equity income and of retained earnings and changes in cash flows flow for the period then ended certified by PricewaterhouseCoopers Coopers & Xxxxxxx L.L.P., and the unaudited consolidated balance sheet of the Cooperative and its Subsidiaries as of September 30January 31, 1998, and the related statement of operations income for the period then ended, heretofore delivered to StatesmanMLCC, are complete and correct and fairly present the financial condition of the Cooperative and its Subsidiaries and the results of their operations and transactions in their surplus accounts as of the dates and for the periods referred to therein and have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the period involved. There are no liabilities, direct or indirect, fixed or contingent of the Cooperative or any of its Subsidiaries as of the dates of such balance sheets that are not reflected therein or in the notes thereto. There has been no material adverse change in the financial condition or operations of the Cooperative since the dates of those balance sheets, and there has been no other material adverse change in the Cooperative.

Balance Sheet. The consolidated balance sheet of the ------------- Cooperative and its Subsidiaries as of June 30, 19981997, and the related consolidated statements of operations, patrons' equity income and of retained earnings and changes in cash flows flow for the period then ended certified by PricewaterhouseCoopers Coopers & Xxxxxxx L.L.P., and the unaudited consolidated balance sheet of the Cooperative and its Subsidiaries as of September 30January 31, 1998, and the related statement of operations income for the period then ended, heretofore delivered to StatesmanMLCC, are complete and correct and fairly present the financial condition of the Cooperative and its Subsidiaries and the results of their operations and transactions in their surplus accounts as of the dates and for the periods referred to therein and have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the period involved. There are no liabilities, direct or indirect, fixed or contingent of the Cooperative or any of its Subsidiaries as of the dates of such balance sheets that are not reflected therein or in the notes thereto. There has been no material adverse change in the financial condition or operations of the Cooperative since the dates of those balance sheets, and there has been no other material adverse change in the Cooperative.

Balance Sheet. The consolidated balance sheet of the Cooperative and its Subsidiaries as of June 30, 19981997, and the related consolidated statements of operations, patrons' equity income and of retained earnings and changes in cash flows flow for the period then ended certified by PricewaterhouseCoopers Coopers & Xxxxxxx L.L.P., and the unaudited consolidated balance sheet of the Cooperative and its Subsidiaries as of September 30, 19981997, and the related statement of operations income for the period then ended, heretofore delivered to Statesman, are complete and correct and fairly present the financial condition of the Cooperative and its Subsidiaries and the results of their operations and transactions in their surplus accounts as of the dates and for the periods referred to therein and have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the period involved. There are no liabilities, direct or indirect, fixed or contingent of the Cooperative or any of its Subsidiaries as of the dates of such balance sheets that are not reflected therein or in the notes thereto. There has been no material adverse change in the financial condition or operations of the Cooperative since the dates of those balance sheets, and there has been no other material adverse change in the Cooperative.