Common use of GAAP Statements Clause in Contracts

GAAP Statements. Except as set forth in the Allied --------------- Disclosure Schedule, Allied has previously delivered to Nationwide true and complete copies of the (i) audited GAAP Financial Statements for each of the Allied Subsidiaries, other than Allied Insurers, for the years ended December 31, 1995, 1996 and 1997 and (ii) unaudited GAAP Financial Statements for each of the Allied Subsidiaries, other than Allied Insurers, for the three months ended March 31, 1998 (collectively, the "Allied GAAP Financial Statements"). Each Allied GAAP Financial Statement was prepared in accordance with GAAP (except, in the case of such unaudited GAAP Financial Statements, for the absence of notes) and presents fairly the financial position of the Allied Subsidiaries as to which such Allied GAAP Financial Statements have been provided as of the respective dates thereof and the related results of operations and cash flow and shareholders' interest of such Allied Subsidiaries for the respective periods covered thereby.

GAAP Statements. Except as set forth in the Allied --------------- Disclosure Schedule, Allied has previously delivered to Nationwide true and complete copies of the (i) audited GAAP Financial Statements for each of the Allied Subsidiaries, other than Allied Insurers, for the years ended December 31, 1995, 1996 and 1997 and (ii) unaudited GAAP Financial Statements for each of the Allied Subsidiaries, other than Allied Insurers, for the three months ended March 31, 1998 (collectively, the "Allied GAAP Financial Statements"). Each Allied GAAP Financial Statement was prepared in accordance with GAAP (except, in the case of such unaudited GAAP Financial Statements, for the absence of notes) and presents fairly the financial position of the Allied Subsidiaries as to which such Allied GAAP Financial Statements have been provided as of the respective dates thereof and the related results of operations and cash flow and shareholders' interest of such Allied Subsidiaries for the respective periods covered thereby.