Common use of Financial Statements Provided Clause in Contracts

Financial Statements Provided. A copy of the balance sheet of the Company for the fiscal year ended December 31, 1996 has been attached as Schedule 3.06 (a) hereto (the "Audited Balance Sheet"). Also attached hereto as Schedule 3.06 (a) are the related statements of operations, stockholders' equity and cash flows of the Company for the fiscal year ended December 31, 1996 (the "Yearly Unaudited Financial Statements"). Also attached hereto as Schedule 3.06(a) are unaudited financial statements of the Company for the six months ended June 30, 1997 (the "Interim Financial Statements"), which financial statements have been prepared on the same basis as the Audited Balance Sheet and the Yearly Unaudited Financial Statements, subject to normal year-end adjustments and accruals (none of which is expected to be material). (The Audited Balance Sheet, the Yearly Unaudited Financial Statements and the Interim Financial Statements are collectively referred to as the "Financial Statements.") The Financial Statements are true and correct in all material respects, are consistent with the books and records of the Company, fairly represent in all material respects the financial condition and results of operations of the Company as at and for the periods reflected therein, have been prepared in accordance with generally accepted accounting principles in the United States (and more particularly in accordance with the cost accounting methods described on Schedule 3.06(a)) except, in the case of unaudited financial statements, for the lack of footnotes, and the Audited Balance Sheet has been audited by Anchin, Block & Anchin L.L.P., certified public accountants.