Common use of SEC Financial Statements Clause in Contracts

SEC Financial Statements. Seller acknowledges that Buyer may request Deloitte to audit (at Buyer's sole cost and expense) the consolidated balance sheet of the Company and the Subsidiaries as of December 30, 1995 and/or December 31, 1994 together with the related statements of income, stockholders equity and cash flows for the years then ended. In such event, Seller will reasonably cooperate with Buyer, will not impede such an audit and will not withhold consent to such an audit or to Buyer's use of such audited financial statements. All out-of-pocket costs related to such audit (including, without limitation, any costs or charges of Deloitte) shall be paid by Buyer.