Common use of Annual Statements of Borrower Clause in Contracts

Annual Statements of Borrower. The internal year end financial statements of the Borrower within one hundred eighty (180) days of each year end. The statements shall be prepared in a manner that reflects all relevant facts in reasonable detail to evidence, and the computation as to, whether the Borrower is in compliance with the requirements set forth in this Agreement.

Appears in 2 contracts

Sources: Loan Agreement (Seabulk International Inc), Loan Agreement (Seabulk International Inc)