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inspection, examination and detemnination with respecltherew as to all matters, and without reliance <br />upon any express or implied representations or warranties of any nature made by or on behalf of or <br />imputed to Falcon or Sellers, except as expressly set forth in this Agreement. Buyer is not and <br />Charter LLC will not be an "investment company" as defined in the Investment Company Act of <br />1940, as amended. <br />5.6 Ownership of Buyer and its Subsidiaries. The ownership chart of Buyer and its <br />Subsidiaries included as Schedule 5.6 is (or, with respect to CCI's ownership of Charter Holdings, <br />will be within five days after execution of this Agreement) true and correct in all material respects. <br />Without limiting the generality of the foregoing, Buyer is or will be within five days after execution <br />of this Agreement, and as of the Closing either Buyer or Charter LLC will be, the record and <br />beneficial owner of all of the issued and outstanding Equity Interests of Charter Holdings, and as <br />of the formation of Charter LLC and as of the Closing, Buyer will be the record and beneficial <br />owner of all of the issued and outstanding Equity interests of Charter LLC. <br />5.7 Certain Fees. No finder, broker, agent, financial advisor or other intermediary has <br />acted on behalf of Buyer in connection with this Agreement or the transactions contemplated by this <br />Agreement or is entitled to any payment in connection herewith or therewith which, in either case, <br />would result in any obligation or liability to Falcon or Sellers. <br />5.8 AvvailabilitvofFunds. Buyer has, as of the data hereof, the ability to obtain, and will <br />have, as of the Closing Date, sufficient cash, lines of credit or other immediately available funds to <br />enable it to consummate the transactions contemplated hereby. <br />5.9 Financial Statements. <br />(a) Buyer has delivered to Falcon true and complete copies of the audited <br />consolidated financial statements of Charter Holdings (including the notes thereto) for the year <br />ended December 31, 1998 (by inclusion of such financial statements in the Form S4 referred to in <br />Section 5.10) and the unaudited consolidated financial statements of Charter Holdings for the three <br />months ended March 31, 1999, in each case that are described on Schedule 5.9 (collectively, the <br />"Charter Financial Statements'). <br />(b) Except as disclosed in Schedule 5.9, the Charter Financial Statements: (1) <br />have been prepared from the books and records of the Buyer and its Subsidiaries to which they <br />relate; (2) have been prepared in accordance with GAAP consistently applied (except as indicated <br />in the notes thereto and except, in the case of the unaudited Charter Financial Statements, for the <br />omission of foomotes and changes resulting from customary and retuning year-end adjustments); <br />and (3) subject to the addition of foomotes and changes resulting from customary and recurring year- <br />end adjustments in the case of the unaudited Charter Financial Statements which in the aggregate <br />are not expected to be material, present fairly in all material respects the financial condition of Buyer <br />and its Subsidiaries to which they relate as at December 31, 1998, or March 31, 1999, as the case <br />may be, and the results of operations for the period then ended. <br />ommucrII u (u 40 <br />