Common use of Profit and Loss Statements Clause in Contracts

Profit and Loss Statements. Seller has provided to Purchaser prior to the Execution Date (a) audited financial statements for the Casino for the fiscal year ended December 31, 1996, and (b) unaudited profit and loss statements for the Casino from January 1, 1997 through September 29, 1997, which, except for non- recurring items shown on Schedule 10.20, have been produced in the ordinary course of business consistent with Seller s past practice in connection with the operation of the Casino. The above-referenced audited financial statements fairly present in all material respects the ▇▇▇▇▇- cial condition of the Seller and the results of its operations for the fiscal year ended December 31, 1996, and the above-referenced unaudited profit and loss statements fairly present in all material respects the results of Seller's operations (except for non-recurring items as listed on Schedule 10.20 hereto) for the periods ended at the respective dates thereof.

Profit and Loss Statements. Seller has provided to Purchaser prior to the Execution Date (a) audited financial statements for the Casino for the fiscal year ended December 31, 1996, and (b) unaudited profit and loss statements for the Casino from January 1, 1997 through September 29, 1997, which, except for non- non-recurring items shown on Schedule 10.20, have been produced in the ordinary course of business consistent with Seller s Seller's past practice in connection with the operation of the Casino. The above-referenced audited financial statements fairly present in all material respects the ▇▇▇▇▇- cial financial condition of the Seller and the results of its operations for the fiscal year ended December 31, 1996, and the above-referenced unaudited profit and loss statements fairly present in all material respects the results of Seller's operations (except for non-recurring items as listed on Schedule 10.20 hereto) for the periods ended at the respective dates thereof.