The April 30, 2016 audited consolidated financial statements of the Borrower and its Subsidiaries, and their unaudited financial statements dated as of July 30, 2016, delivered to the Lender were prepared in accordance with GAAP in effect on the date such statements were prepared and fairly present the consolidated financial condition and operations of the Borrower and its Subsidiaries at such date and the consolidated results of their operations for the period then ended.