Common use of The Financial Statements Clause in Contracts

The Financial Statements. The Financial Statements: (a) have been prepared in accordance with GAAP, applied on a basis consistent with that of the preceding periods, except that, in the case of unaudited financial statements, they may not contain all of the footnotes required by GAAP; (b) are complete and accurate in all material respects; (c) accurately disclose the assets, liabilities and financial position of Apollo and the results of the operations of Apollo as at the dates thereof and for the periods covered thereby; and (d) contain or reflect adequate reserves for all liabilities and obligations of Apollo, as at the date thereof. No information has become available to Apollo that would render the Financial Statements incomplete or inaccurate.