Common use of GAAP Statements Clause in Contracts

GAAP Statements. Schedule 3.20(a) includes the unaudited balance sheet of IGFH at December 31, 2000, the unaudited income statements of IGFH for the years ended December 31, 1998, 1999 and 2000 and on the Closing Date will include the unaudited balance sheet and income statement of IGFH for the three-month period ended March 31, 2001 (the "Sellers GAAP Statements"). The Sellers GAAP Statements are in accordance with the Books and Records, have been prepared in accordance with Accounting Principles (except with respect to the omission of footnotes) applied on a consistent basis throughout the periods covered by such statements, and on the Closing Date will fairly present the financial position of IGFH at the date of the respective balance sheets and the results of the operation of IGFH for the periods covered by the respective income statements included in the Sellers GAAP Statements.