Common use of Unaudited Financial Statements Clause in Contracts

Unaudited Financial Statements. Seller has delivered to the Investor the consolidated balance sheets of Seller (which reflect the financial position of all Subsidiaries and Seller Partnerships), as of March 31, 1997 and the related consolidated statements of operations, cash flows and shareholders' equity for the period then ended (the "UNAUDITED FINANCIAL STATEMENTS"). The Unaudited Financial Statements have been prepared in conformity with GAAP applied on a consistent basis (except for changes, if any, disclosed therein). The Unaudited Financial Statements present fairly, in all material respects, the consolidated financial condition and results of operations of Seller, Subsidiaries and Seller Partnerships as of March 31, 1997.

Unaudited Financial Statements. Seller has delivered to the Investor MSAM the consolidated balance sheets of Seller (which reflect the financial position of all Subsidiaries and Seller Partnerships), as of March 31, 1997 and the related consolidated statements of operations, cash flows and shareholders' equity for the period then ended (the "UNAUDITED FINANCIAL STATEMENTS"). The Unaudited Financial Statements have been prepared in conformity with GAAP applied on a consistent basis (except for changes, if any, disclosed therein). The Unaudited Financial Statements present fairly, in all material respects, the consolidated financial condition and results of operations of Seller, Subsidiaries and Seller Partnerships as of March 31, 1997.

Unaudited Financial Statements. Seller has delivered to MSAM the Investor the ------------------------------ consolidated balance sheets of Seller (which reflect the financial position of all Subsidiaries and Seller Partnerships), as of March 31, 1997 and the related consolidated statements of operations, cash flows and shareholders' equity for the period then ended (the "UNAUDITED FINANCIAL STATEMENTS"). The Unaudited Financial Statements have been prepared in conformity with GAAP applied on a consistent basis (except for changes, if any, disclosed therein). The Unaudited Financial Statements present fairly, in all material respects, the consolidated financial condition and results of operations of Seller, Subsidiaries and Seller Partnerships as of March 31, 1997.

Unaudited Financial Statements. Seller has delivered to the Investor Buyer the consolidated balance sheets of Seller (which reflect the financial position of all Subsidiaries and Seller Partnerships), as of March 31, 1997 June 30 and September 30, 1996, and the respective related consolidated statements of operations, cash flows and shareholdersstockholders' equity for the period periods then ended (collectively, the "UNAUDITED FINANCIAL STATEMENTSUnaudited Financial Statements"). The All Unaudited Financial Statements have been prepared in conformity with GAAP applied on a consistent basis (except for changes, if any, disclosed therein). The Unaudited Financial Statements present fairly, in all material respects, the consolidated financial condition and results of operations of Seller, Subsidiaries and Seller Partnerships as of March 31, 1997their respective dates and periods.