The consolidated balance sheets of such Borrower (other than MAIT) and its Subsidiaries, as at December 31, 2015 and, the related consolidated statements of income, retained earnings and cash flows of such Borrower (other than MAIT) and its Subsidiaries, certified by PricewaterhouseCoopers LLP, independent public accountants, and the unaudited consolidated balance sheet of such Borrower (other than MAIT) and its Subsidiaries, as at September 30, 2016, and the related consolidated statements of income, retained earnings and cash flows of such Borrower (other than MAIT) and its Subsidiaries, for the nine months then ended, copies of which have been furnished to each Lender and each Fronting Bank, in all cases as amended and restated to the date hereof, present fairly in all material respects the consolidated financial position of such Borrower and its Subsidiaries as at the indicated dates and the consolidated results of the operations of such Borrower and its Subsidiaries for the periods ended on the indicated dates, all in accordance with GAAP consistently applied (in the case of such statements that are unaudited, subject to year-end adjustments and the exclusion of detailed footnotes). The projected financial statements of MAIT for the 12-month period ending December 31, 2017, copies of which have been furnished to each Lender and each Fronting Bank on or before the Closing Date, have been prepared based upon good faith estimates and assumptions believed by management of MAIT in good faith to be reasonable at the time made (it being understood that such projections are not to be viewed as fact, forecasts and projections are subject to uncertainties and contingencies, actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount and no assurance can be given that any forecast or projections will be realized). Except as disclosed in such Borrower’s Disclosure Documents, there has been no change, event or occurrence since December 31, 2015 that has had a Material Adverse Effect with respect to such Borrower.