Common use of Company Reports and Financial Statements Clause in Contracts

Company Reports and Financial Statements. Each of the consolidated balance sheets as of the end of the fiscal year ended July 31, 1999 and the consolidated statements of operations, consolidated statements of stockholders' equity and consolidated statements of cash flow for the fiscal year ended July 31, 1999 previously delivered to EMKT, were prepared in accordance with generally accepted accounting principles (as in effect in the United States from time to time) applied on a consistent basis ("GAAP"), except as may be indicated therein or in the notes or schedules thereto, and fairly present the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the results of their operations and cash flows for the periods then ended.

Company Reports and Financial Statements. Each of the consolidated balance sheets as of the end of the fiscal year ended July December 31, 1998 and the nine-month period ended September 30, 1999 and the consolidated statements of operations, consolidated statements of stockholders' equity and consolidated statements of cash flow for the fiscal year ended July December 31, 1998 and the period ended September 30, 1999 previously delivered to EMKT, were prepared in accordance with generally accepted accounting principles (as in effect in the United States from time to time) applied on a consistent basis ("GAAP"), except as may be indicated therein or in the notes or schedules thereto, and fairly present the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the results of their operations and cash flows for the periods then ended.

Company Reports and Financial Statements. Each of the consolidated balance sheets sheet as of the end of the fiscal year ended July June 31, 1999 and the consolidated statements of operations, consolidated statements of stockholders' equity and consolidated statements of cash flow for the fiscal year ended July 31, 1999 previously delivered to EMKT, were prepared in accordance with generally accepted accounting principles (as in effect in the United States from time to time) applied on a consistent basis ("GAAP"), except as may be indicated therein or in the notes or schedules thereto, and fairly present the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates date thereof and the results of their operations and cash flows for the periods period then ended.

Company Reports and Financial Statements. Each of the consolidated balance sheets as of the end of the fiscal year ended July December 31, 1999 and the ten-month period ended October 31, 1999 and the consolidated statements of operations, consolidated statements of stockholders' equity and consolidated statements of cash flow for the fiscal year ended July December 31, 1999 and the ten-month period ended October 31, 1999 previously delivered to EMKT, were prepared in accordance with generally accepted accounting principles (as in effect in the United States from time to time) applied on a consistent basis ("GAAP"), except as may be indicated therein or in the notes or schedules thereto, and fairly present the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the results of their operations and cash flows for the periods then ended.