Common use of Target Accounts Clause in Contracts

Target Accounts. To the best of the knowledge and belief of the Parent having held discussions with the Chief Financial Officer of the Target Group, the Target Accounts and Target Management Accounts were prepared in accordance with GAAP consistently applied and fairly presented the results of the operations of the Target Group for the periods to which they relate and the state of the affairs of the Target Group at the end of such period and, in particular, disclose or reserve against all liabilities (actual or contingent) of the Target Group to the extent required by GAAP and there are no material liabilities (whether actual, contingent, present or future) which are not disclosed or shown as being provided for in the relative Target Accounts and/or Target Management Accounts and which have not been disclosed or referred to in the Accountant's Report or, where they have arisen after the date of the Accountant's Report have not been disclosed in writing to the Lenders;