Common use of Purchaser Reports Clause in Contracts

Purchaser Reports. The Annual Report to the Commission on Form 10-K for the fiscal year ended April 30, 1995 and all other reports of Purchaser filed with the Commission pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, since the end of the fiscal year ended April 30, 1995 (collectively, the "Purchaser Reports") complied, when filed, as of the respective dates of their filing with the Commission, in all material respects with the rules and regulations of the Commission and did not, to Purchaser's Knowledge, contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading.