Common use of Financial Statements; Solvency Clause in Contracts

Financial Statements; Solvency. (a) There has been furnished to the Lender (i) the consolidated balance sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, certified by Coopers & Xxxxxxx or such other independent accounting firm acceptable to the Lender (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Balance Sheet Date for the fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving amounts of $100,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Lender Banks (i) the consolidated balance sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, certified Certified by Coopers Ernst & Xxxxxxx Young LLP or such other independent accounting firm acceptable to the Lender Banks (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Balance Sheet Date for the fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving amounts of $100,000 250,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Lender (i) the consolidated balance sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, certified by Coopers & Xxxxxxx Lybrand or such other independent accounting firm acceptable to the acceptablx xx xxe Lender (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Balance Sheet Date for the fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving amounts of $100,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Lender Banks (i) the consolidated balance sheet sheets of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, certified Certified by Coopers Xxxxxx Xxxxxxxx & Xxxxxxx Co. or such other an independent accounting firm of national standing acceptable to the Lender Banks (the "Accountants"), ) and (ii) a unaudited consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations sheets of the Borrowers dated the Balance Sheet Date January 31, 1997 and unaudited consolidated statements of operations for the fiscal quarter nine (9) month period then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers Borrowers, on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving amounts of $100,000 or more in the aggregate material amounts, known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Lender Banks (i) the consolidated balance sheet sheets of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, certified by Coopers Xxxxxx Xxxxxxxx & Xxxxxxx Co. or such other an independent accounting firm of national standing acceptable to the Lender Banks (the "Accountants"), ) and (ii) a unaudited consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations sheets of the Borrowers dated the Balance Sheet Date October 31, 1997 and unaudited consolidated statements of operations for the fiscal quarter six (6) month period then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers Borrowers, on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving amounts of $100,000 or more in the aggregate material amounts, known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.

Financial Statements; Solvency. (a) There has been furnished to the Lender Banks (i) the consolidated balance sheet of the Borrowers dated the Balance Sheet Date and consolidated statements of operations for the fiscal year then ended, certified by Coopers Ernst & Xxxxxxx Young LLP or such other independent accounting firm acceptable to the Lender Banks (the "Accountants"), and (ii) a consolidated and consolidating balance sheet and related consolidated and consolidating statement of operations of the Borrowers dated the Interim Balance Sheet Date for the fiscal quarter then ended. Said balance sheets and statements of operations have been prepared in accordance with GAAP, fairly present in all material respects the financial condition of the Borrowers on a consolidated basis, as at the close of business on the date thereof and the results of operations for the period then ended. There are no contingent liabilities of the Borrowers as of such date involving amounts of $100,000 250,000 or more in the aggregate known to the officers of the Borrowers which have not been disclosed in said balance sheets and the related notes thereto, as the case may be.