Additional Financial Statements Clause Samples
The "Additional Financial Statements" clause requires a party, typically the borrower or a company, to provide financial statements beyond the standard or periodic reports already required under the agreement. This may include interim financial statements, audited annual accounts, or other specific financial disclosures upon request or at certain intervals. By mandating the provision of extra financial information, the clause ensures that the other party, such as a lender or investor, has sufficient transparency to monitor financial health and assess ongoing compliance, thereby reducing informational risk.
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Additional Financial Statements. (a) Prior to Closing, if requested by Buyer, Seller shall provide Buyer with daily summaries of net revenues and cost of goods sold, in such form as Buyer may reasonably request. Within ten (10) Business Days after Closing, Seller shall furnish Buyer with a statement of net assets being sold and statement of income for the nine (9) month period ended September 30, 1996 on a basis consistent with those financial statements delivered pursuant to Section 3.6(a). If requested by Buyer, as soon as available and in any event within twenty (20) Business Days after the end of each monthly accounting period of Seller after September 30, 1996, Seller shall furnish Buyer unaudited financial statements for such period in such detail as such financial statements have been prepared consistent with past practice.
(b) If requested by Buyer in order to comply with its reporting requirements under the 1934 Act, as promptly as practicable (and in any event by no later than twenty (20) days after such request (or such later date as the Buyer and Seller shall agree upon) in the case of calendar years 1995, 1994 and 1993, Seller and the Stockholder shall cause the Seller's Accountants to conduct and complete an audit of the financial statements of the Seller and to issue certified financial statements with respect thereto for the year ended December 31, 1995, 1994 and 1993 (the "Subsequent Audited Financial Statements"). An accounting firm selected by Buyer shall have the right to review the work of the Seller's Accountants and to comment thereon. The Subsequent Audited Financial Statements shall be prepared in accordance with (i) GAAP and present fairly the financial position and results of operations of Seller as at and for the periods then ended; and (ii) Regulation S-X under the 1933 Act. The Subsequent Audited Financial Statements shall not vary in any material respect from the applicable unaudited Financial Statements delivered to Buyer pursuant to Section 3.6(a) hereof.
Additional Financial Statements. Acorn shall, on a monthly basis, ------------------------------- deliver to Intek the reconciled bank statements, check registers, accounts receivable aging reports and accounts payable aging reports of Acorn, prepared in the ordinary course of business, but in no event shall any such monthly statements be delivered later than thirty (30) days after the end of the applicable period.
Additional Financial Statements. During the period from ------------------------------- the date hereof through the Second Closing, as soon as reasonably practicable after they become publicly available, the Company shall furnish to the Purchaser (i) the quarterly consolidated financial statements of the Company and its consolidated Subsidiaries, which shall have been prepared in accordance with GAAP and on a basis consistent with past practice and (ii) all monthly financial statements or reports of the Company and its consolidated Subsidiaries, which shall have been prepared in a manner consistent with past practice.
Additional Financial Statements. Seller shall provide to Buyer, (A) audited consolidated financial statements, including the consolidated balance sheets and related consolidated statements of income, cash flows and (either as a separate statement or in a footnote) equity (or net investment or similarly comparable statement) (together with notes thereto) of the Business Group as of and for the years ended December 31, 2015 and December 31, 2016 (collectively, the “Additional Audited Financial Statements”), which Seller shall use best efforts to provide to Buyer as soon as practicable after the date hereof (but which shall be provided no later than June 1, 2017), (B) unaudited consolidated financial statements, including the consolidated balance sheet and related consolidated statements of income, cash flows and (either as a separate statement or in a footnote) equity (or net investment or similarly comparable statement) (together with notes thereto) of the Business Group as of the end of and for the first quarterly period ended after the most recent fiscal year covered by the Additional Audited Financial Statements (and, in the case of this clause (B), as of the end of and for the corresponding period of the prior fiscal year), which shall have been reviewed by the independent accountants of Seller in accordance with AS 4105 (formerly SAS 100) (collectively, the “Additional Unaudited Financial Statements” and, together with the Additional Audited Financial Statements, the “Additional Financial Statements”), which Additional Unaudited Financial Statements shall be provided to Buyer as soon as practicable (but which shall be provided no later than June 1, 2017) and (C) unaudited consolidated monthly balance sheet and related consolidated statements of income of the Business Group as of and for each monthly period ended after December 31, 2016 and at least 15 days prior to the Closing, which shall be provided to Buyer no later than 15 days after the end of each such month, in each case prepared on an as-managed basis. The Additional Financial Statements shall be prepared in accordance with GAAP consistently applied for the periods and as of the dates indicated in such financial statements, and shall present fairly, in all material respects, the financial position and results of operations of the Business Group, for the period and as of the dates indicated therein (subject, in the case of the Additional Unaudited Financial Statements, to normal year-end adjustments, which are not expected to b...
Additional Financial Statements. Seller shall promptly furnish to Buyer a copy of all Financial Statements for each additional month-end period beyond the Balance Sheet Date as soon as same is regularly prepared by Seller in the Ordinary Course of Business. All such additional Financial Statements shall be subject to the same representations and warranties as contained in Section 3.23
Additional Financial Statements. Promptly after the same become available, the Company shall furnish to Parent and Liberty Media such additional financial data concerning the Company and its Subsidiaries as Parent or Liberty Media may reasonably request, including any audited consolidated financial statements of the furnishing party for any year ending on or after the date hereof, prepared in conformity with the requirements of the Commission applicable to annual financial statements to be included in Form 10-K under the Exchange Act, and all interim quarterly consolidated financial statements of the furnishing party prepared on or after the date of this Agreement, accompanied by a statement of the principal financial officer of the Company that, in the opinion of such officer, such quarterly financial statements were prepared in conformity with the requirements of the Commission applicable to financial statements to be included in Form 10-Q under the Exchange Act, applied (in each such case) on a consistent basis (except as otherwise stated in the quarterly financial statements) and present fairly the consolidated financial position, results of operations and cash flows of the Company and its consolidated Subsidiaries as of the date and for the period indicated (subject in the case of quarterly financial statements to normal, recurring year-end audit adjustments).
Additional Financial Statements. (a) Sellers shall deliver to Purchaser promptly after available (and, in any event, at the same time as such items are first delivered to any of the Lenders) copies of all monthly and quarterly financial statements relating to the Business that may be prepared by the Sellers during the period from the date of this Agreement to the Closing Date. All financial statements delivered pursuant to this Section shall be in accordance with the books and records of the Business, shall be prepared in accordance with GAAP applied on a basis consistent with the Financial Statements, and shall fairly present the financial position and results of operations of the Business as at the dates and for the periods indicated. Sellers shall promptly furnish to Purchaser any other information concerning the financial and operating condition of the Business that Purchaser from time to time may reasonably request.
(b) Sellers shall cooperate with Purchaser in a timely manner as reasonably requested by Purchaser in connection with (i) Purchaser’s preparation of historical financial statements and pro forma financial information involving the Business to the extent required pursuant to Regulation S-X promulgated by the U.S. Securities and Exchange Commission, and (ii) the timely filing of any other financial statements and pro forma financial information with the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and for any securities offerings by Purchaser or its Affiliates for which such financial information is reasonably necessary, in each case including (A) permitting Purchaser to use any audited or unaudited financial statements of the Sellers available, (B) facilitating the delivery from the Sellers’ or Purchaser’s independent public accountants, as applicable, of relevant comfort letters necessary or advisable in connection with the foregoing, (C) facilitating the delivery from the Sellers’ independent public accountants of relevant consent letters necessary in connection with the foregoing and (D) if any requested financial statements are not available, assisting Purchaser and its independent public accountants in the preparation of such financial statements.
Additional Financial Statements. Sellers shall use commercially reasonable efforts to, within 60 days of Closing, provide to Purchasers audited consolidated statements of income, balance sheets and statements of cash flows of the Business (i) as of December 31, 2013 and for the nine-month period then ended and (ii) as of December 31, 2014 and for the twelve-month period then ended. If the Closing Date is after March 31, 2015, Sellers shall use commercially reasonable efforts to also provide to Purchasers unaudited consolidated statements of income, balance sheets and statements of cash flows of the Business (i) as of March 31, 2015 and for the three-month period then ended and (ii) as of March 31, 2014 and for the three-month period then ended.
Additional Financial Statements. Prior to the Closing Date, as soon as available and in any event within thirty (30) calendar days after the end of each monthly accounting period of Seller ending after the date of the most recent Interim Statement, Seller shall furnish Buyer with an unaudited financial statements of Seller for such month in form and substance comparable to the Interim Statements and with such other financial or other information routinely prepared by or on behalf of Seller or reasonably requested by Buyer.
Additional Financial Statements. In the event that there are any Unrestricted Subsidiaries during any period in respect of which financial statements are required to be delivered pursuant to subsections (a) and (c) above, the Borrower shall also furnish to each Bank, at the time such financial statements are so delivered, an additional set thereof with respect to the Borrower and the Restricted Subsidiaries.