Common use of GAAP Statements Clause in Contracts

GAAP Statements. Nationwide has previously made --------------- available to Allied true and complete copies of the (i) audited GAAP Financial Statements for each of the Nationwide Subsidiaries, other than Nationwide Insurers, for the years ended December 31, 1995, 1996 and 1997 and (ii) unaudited GAAP Financial Statements for each of the Nationwide Subsidiaries, other than Nationwide Insurers, for the three months ended March 31, 1998 (collectively, the "Nationwide GAAP Financial Statements"). Each Nationwide GAAP Financial Statement was prepared in accordance with GAAP (except as may be indicated in the notes thereto, or, in the case of unaudited financial statements, subject to normal year-end audit adjustments and the absence of notes to such financial statements) and presents fairly, in all material respects, the financial position of the Nationwide Subsidiaries as to which such Nationwide GAAP Financial Statements have been provided as of the respective dates thereof and the related results of operations and cash flows of such Nationwide Subsidiaries for the respective periods covered thereby (subject, in the case of unaudited financial statements, to normal year-end audit adjustments and the absence of notes to such financial statements).

GAAP Statements. Nationwide has previously made --------------- available to Allied true and complete copies of the (i) audited GAAP Financial Statements for each of the Nationwide Subsidiaries, other than Nationwide Insurers, for the years ended December 31, 1995, 1996 and 1997 and (ii) unaudited GAAP Financial Statements for each of the Nationwide Subsidiaries, other than Nationwide Insurers, for the three months ended March 31, 1998 (collectively, the "Nationwide GAAP Financial Statements"). Each Nationwide GAAP Financial Statement was prepared in accordance with GAAP (except as may be indicated in the notes thereto, or, in the case of unaudited financial statements, subject to normal year-end audit adjustments and the absence of notes to such financial statements) and presents fairly, in all material respects, the financial position of the Nationwide Subsidiaries as to which such Nationwide GAAP Financial Statements have been provided as of the respective dates thereof and the related results of operations and cash flows of such Nationwide Subsidiaries for the respective periods covered thereby (subject, in the case of unaudited financial statements, to normal year-end audit adjustments and the absence of notes to such financial statements).