Common use of Significant Acquisition Clause in Contracts

Significant Acquisition. Except as disclosed in the Prospectus, no acquisition has been made by the Company or any of its subsidiaries during its three most recently completed fiscal years that would require the preparation of financial statements of the business acquired or to be acquired or pro forma financial information pursuant to Rule 3-05 or Article 11 of Regulation S-X under the Exchange Act, and no proposed acquisition by the Company or any of its subsidiaries has progressed to a state where a reasonable person would believe that the likelihood of the Company or any of its subsidiaries completing the acquisition is high and that, if completed by the Company or any of its subsidiaries at the date of the Prospectus, would require the preparation of financial statements of the business acquired or to be acquired or pro forma financial information pursuant to Rule 3-05 or Article 11 of Regulation S-X under the Exchange Act.