Pace Financial Statements definition
Pace Financial Statements means the consolidated financial statements of Pace and its subsidiaries (including the related notes and schedules) included in the Current SEC Reports. The "Company Financial Statements" means the Year-End Statements and Interim Statements of the Company (including the related notes and schedules) listed in Schedule 2.4. Each of the consolidated balance sheets of the Company in the Company Financial Statements and each of the consolidated balance sheets of Pace in the Pace Financial Statements fairly present the consolidated financial position of the Company, Pace and its Subsidiaries, respectively, as of their respective dates and each of the consolidated statements of income, shareholders' equity and cash flows of the Company in the Company Financial Statements and of Pace in the Pace Financial Statements fairly present the results of operations, shareholders' equity and cash flows of the Company, Pace and its Subsidiaries, respectively for the periods set forth therein (subject, in the case of unaudited statements to normal year-end audit adjustments which would not be material in amount or effect), in each case in accordance with generally accepted accounting principles consistently applied during the periods involved, except as may be noted therein. Except as provided in the Company Financial Statements and the Pace Financial Statements, all transactions reflected in the Company's Financial Statements and the Pace Financial Statements were on an arms-length basis.