Common use of Audited and Unaudited Financial Statements Clause in Contracts

Audited and Unaudited Financial Statements. The Administrative Agent shall have received (a)(i) GAAP audited consolidated balance sheets and related statements of comprehensive income, and cash flows of the Company and (ii) GAAP audited consolidated balance sheets and related statements of operations and comprehensive income, and cash flows of the Business, in each case for the last three fiscal years of the Company or in the case of the Business the last two fiscal years (as the case may be) to have been completed at least 90 days prior to the Closing Date, and (b)(i) GAAP unaudited consolidated balance sheets and related statements of comprehensive income, and cash flows of the Company and (ii) GAAP unaudited consolidated balance sheets and related statements of operations and comprehensive income, and cash flows of the Business, in each case for each subsequent fiscal quarter of the Company or the Business (as the case may be) ended at least 45 days before the Closing Date.

Appears in 2 contracts

Sources: Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp)