FINANCIAL STATEMENTS AND COLLATERAL REPORTING Clause Samples
The "Financial Statements and Collateral Reporting" clause requires a party, typically a borrower, to regularly provide up-to-date financial statements and detailed reports on any collateral securing an agreement. This may include submitting balance sheets, income statements, and periodic updates on the value or condition of pledged assets. By mandating timely and accurate reporting, the clause enables the other party, often a lender, to monitor the borrower's financial health and the sufficiency of collateral, thereby managing risk and ensuring ongoing compliance with the agreement's terms.
FINANCIAL STATEMENTS AND COLLATERAL REPORTING. Administrative Borrower shall deliver or shall cause to be delivered to Administrative Agent the following, in form and detail reasonably satisfactory to Administrative Agent and Required DDTL Approving Lenders:
FINANCIAL STATEMENTS AND COLLATERAL REPORTING. The Borrowers shall deliver, or shall cause to be delivered, to Administrative Agent for distribution by Administrative Agent to each Lender, the following, in form and detail reasonably satisfactory to Administrative Agent and Required Lenders:
FINANCIAL STATEMENTS AND COLLATERAL REPORTING. 100 Section 6.02 CERTIFICATES; OTHER INFORMATION. 103 Section 6.03 NOTICES. 105
FINANCIAL STATEMENTS AND COLLATERAL REPORTING. The Borrowers shall deliver, or shall cause to be delivered, to Administrative Agent for distribution by Administrative Agent to each Lending Party, the following, in form and detail satisfactory to Administrative Agent and Required Lenders, provided, however, that notwithstanding anything contained herein, the delivery of the financial statements required by Sections 6.01(a) and 6.01(b) and the management’s discussion and analysis required by Section 6.01(e) shall be (and be deemed to be) satisfied by the delivery by Parent of its Form 10-K and Form 10-Q); provided, further, that, in each case, the same are accompanied by the management financial statements in a format similar to those delivered on a monthly basis pursuant to Section 6.01(c):