Common use of Budgets and Reports Clause in Contracts

Budgets and Reports. (i) within forty five (45) days after each of the first three quarters of each calendar year during the Term, the most recent unaudited financial statements of BLC Holdings, in each case accompanied by the Financial Officer's Certificate certifying that the information contained therein is true and correct in all material respects; (ii) within one hundred twenty (120) days after the end of each calendar year during the Term, the most recent financial statements of BLC Holdings, in each case accompanied by a Financial Officer's Certificate certifying that the information contained therein is true and correct in all material respects; (iii) within thirty (30) days after the end of each calendar month, an unaudited statement of income, occupancy (including percentages) and payor mix for the Facilities on an aggregate basis, accompanied by a Financial Officer's Certificate certifying that the information contained therein is true and correct in all material respects; (iv) promptly, upon Notice from PSLT-BLC Holdings, such other information concerning the business, financial condition and affairs of BLC Holdings and any Brookdale Lessees as PSLT-BLC Holdings may reasonably request from time to time; (v) thirty (30) days prior to the first day of each Lease Year during the Term, a capital budget for such Lease Year describing in reasonable detail all anticipated Capital Additions to be made to each Facility, together with a description of the source of funds therefor; (vi) within twenty (20) days after each calendar quarter during the Term, an Officer's Certificate setting forth the Lease Coverage Ratio for such calendar quarter; (vii) within thirty (30) days after each calendar quarter during the Term, an Officer's Certificate setting forth Total Revenues, Operating Expenses and NOI for such calendar quarter; (viii) upon reasonable request in writing from PSLT-BLC Holdings, the following reports as of any calendar quarter end or with respect to any other period for which PSLT-BLC Holdings may reasonably request: all loss runs and material actuarial reports, studies, reviews and analysis, if any, prepared by or on behalf of BLC Holdings and each of the Brookdale Lessees or their insurance actuaries, quarterly and otherwise, concerning BLC Holdings' and each of the Brookdale Lessees' reserves for expenses relating to malpractice or professional liability and malpractice or professional liability insurance; and (ix) copies of other financial statements required to be delivered in connection with any Facility Mortgage.