The consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of December 31, 2017 and the related consolidated statement of earnings and cash flows for the fiscal year then ended, heretofore delivered to the Lenders, were prepared in accordance with United States generally accepted accounting principles in effect on the date such statements were prepared and present fairly, in all material respects, the consolidated financial position of the Borrower and its Consolidated Subsidiaries at such date and the consolidated results of their operations and cash flows for the period then ended.