Common use of Financial Statements and Interim Financial Statements Clause in Contracts

Financial Statements and Interim Financial Statements. The Financial Statements and the Interim Financial Statements of Sellers (i) were prepared in accordance with the books of account and other financial records of Sellers in accordance with U.S. GAAP, (ii) present fairly the consolidated financial condition and results of operations, changes in stockholders' equity and cash flow of Sellers as of the dates thereof or for the periods covered thereby, and (iii) include all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the consolidated financial condition and results of operations, changes in stockholders' equity and cash flow of Sellers as of the dates thereof or for the periods covered thereby, and except in the case of Reference Balance Sheet, footnotes.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Capital Properties Inc /Ri/), Asset Purchase Agreement (Sprague Resources LP)