Common use of Audited Balance Sheets Clause in Contracts

Audited Balance Sheets. LeukoSite shall have the right, exercisable at any time during the period commencing on the Closing Date and ending with the completion of LeukoSite's first audit after the Closing Date, to have an independent certified public accounting firm of national reputation prepare an audited balance sheet of the Company as of the date hereof (the "Audited Signing Balance Sheet"), an audited balance sheet as of the Closing Date (the "Audited Closing Balance Sheet"), an audited calculation of the Net Cash Balance as of the date hereof (the "Audited Signing Net Cash Balance") and an audited calculation of the Unaudited Closing Net Cash Balance (the "Audited Closing Net Cash Balance"). The Audited Signing Balance Sheet and the Audited Closing Balance Sheet shall be prepared in accordance with generally accepted accounting principles, consistently applied, and shall fairly and accurately present the financial condition of the Company as of the respective dates thereof. In the event that the Audited Closing Net Cash Balance will be the basis for an adjustment in the number of Aggregate Base Consideration Shares pursuant to Section 3.7(e), then a copy of the Audited Signing Balance Sheet, the Audited Closing Balance Sheet, the Audited Signing Net Cash Balance and the Audited Closing Net Cash Balance shall be made available to the Stockholders' Representatives.