Common use of Accuracy of Financial Statements and Information Clause in Contracts

Accuracy of Financial Statements and Information. The Borrower represents and warrants that (a) the statements of financial position of the Borrower as of March 31, 2002 and the date of the most recently concluded fiscal quarter of the Borrower for which a statement of financial position has been provided and the related statements of earnings and cash flow of the Borrower in all material respects for the year and fiscal quarter, respectively, then ended, copies of which have been furnished to the Lenders, are complete and correct and fairly present the financial condition of the Borrower at such date and the results of operations and cash flow of the Borrower for the period ended on such dates, in accordance with generally accepted accounting principles consistently applied, and subject, in the case of the statements pertaining to the Borrower's most recently concluded fiscal quarter, to normal year-end adjustments, and, except as disclosed in the financial statements for the quarterly period ending on June 30, 2002, since March 31, 2002, there has been no material and adverse change in the business, financial condition or operations of the Borrower and (b) none of the reports, financial statements, certificates or other Information furnished by or on behalf of the Borrower to the Agent or the Lenders in connection with the negotiation of the Loan Documents or delivered hereunder (as modified or supplemented by other Information so furnished) contains any material misstatement of fact or omits to state any material necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.