Receipt by the Administrative Agent of (i) the consolidated audited financial statements of the Funding Date Acquired Business for the Fiscal Years ended December 31, 2014, December 31, 2015 and December 31, 2016, including balance sheets, income statements and cash flow statements audited by independent public accountants reasonably acceptable to the Administrative Agent and prepared in conformity with GAAP, (ii) pro forma consolidated financial statements of the Borrower and its Subsidiaries giving effect to the Transactions for the twelve (12) month period ended as of March 31, 2017 and (iii) a base case financial covenant model prepared by the Borrower.