Common use of Consolidating Financial Statements Clause in Contracts

Consolidating Financial Statements. (1) As soon as available and in any event within ninety (90) days after the end of each fiscal year of the Borrower and within sixty (60) days after the end of each of the first three fiscal quarters of the Borrower, a copy of the consolidating financial statements of the Borrower and its operating Subsidiaries for such year or quarter, including balance sheets with related statements of income and retained earnings and statements of cash flows, all in reasonable detail and setting forth in comparative form the figures for the previous fiscal year or previous fiscal quarter, all such financial statements to be prepared by management of the Borrower in accordance with GAAP (subject to year end audit adjustments), and (2) as soon as available and in any event within sixty (60) days after the end of each fiscal quarter of the Borrower (90 days in the case of the fourth fiscal quarter of each year), a copy of a financial schedule showing EBITDA operating results by store location for such quarter, prepared by management of the Borrower.