Common use of The Reference Balance Sheet Clause in Contracts

The Reference Balance Sheet. (A) was prepared in accordance with accountancy practices generally accepted in Brazil at the time they were prepared; and (B) reflect the consistent application of such accountancy practices generally accepted in Brazil throughout the periods indicated. (C) except as listed in the Disclosure Letter, showed a true, correct and complete view of the assets, liabilities, financial position and results of the Company on the Reference Date.