Requirements as to the financial statements Sample Clauses

Requirements as to the financial statements a) In connection with the financial statements to be delivered in accordance with subsection 19.1 (Financial statements and reports), at least one managing director with sole representational authority or a registered attorney-in-fact (Prokurist) who is responsible for finance at the company in question must certify that the financial statements present a true and fair view of the financial condition and results of operation [vermittelt ein den tatsächlichen Verhältnissen entsprechendes Bild der Vermögens,- Finanz- und Ertragslage] as of the date on which the financial statements were prepared. Such certification may either be contained in the relevant financial statement or be a separate certification. b) The Borrower shall ensure that all financial statements, which it is required to deliver pursuant to subsection 19.1 (Financial statements and reports), were prepared in accordance with the Generally Accepted Accounting Principles and, in the Borrower’s case, the commerical law principles for large corporations and using the accounting practices and financial reference periods consistent with those applied to the respective Original Financial Statements, unless the Borrower informs the Facility Agent about any changes.