Financial Statements and Interim Financial Statements Clause Samples

The 'Financial Statements and Interim Financial Statements' clause requires a party, typically a company, to provide its complete annual financial statements as well as interim (periodic, unaudited) financial reports to another party, such as a lender or investor. These statements may include balance sheets, income statements, and cash flow statements, and are often required to be delivered within specified timeframes after the end of each fiscal period. By mandating regular financial disclosures, this clause ensures transparency, enables ongoing financial monitoring, and helps the receiving party assess the company's financial health and compliance with contractual obligations.
Financial Statements and Interim Financial Statements. (a) Attached as Schedule 4.11(a) are true and complete copies of Seller’s audited Statements of Revenues and Expenses and Supplementary Schedules—Income Tax Basis for the years ended December 31, 2002 and December 31, 2003 (collectively, the “Financial Statements”). The Financial Statements are in accordance with the books and records of Seller, have been prepared in accordance with generally accepted accounting principles applied on a basis consistent with preceding years and present fairly in all material respects the financial condition of the Seller as of the date indicated and the results of the Station’s operations and changes in cash flows for the period then ended. (b) Attached as Schedule 4.11(b) are true and complete copies of certain financial statements of Seller as of April 30, 2004 (collectively, the “Interim Financial Statements”). The Interim Financial Statements are in accordance with the books and records of Seller, have been prepared in accordance with generally accepted accounting principles applied on a basis consistent with the Financial Statements and present fairly in all material respects the financial condition of Seller as of the date indicated and the results of the Station’s operations and changes in cash flows for the period then ended; subject, however, to year-end adjustments which, in the aggregate, will not be materially adverse and provided that the Interim Financial Statements do not contain footnotes and lack other presentation items.
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Financial Statements and Interim Financial Statements. The Financial Statements and the Interim Financial Statements of Sellers (i) were prepared in accordance with the books of account and other financial records of Sellers in accordance with U.S. GAAP, (ii) present fairly the consolidated financial condition and results of operations, changes in stockholders' equity and cash flow of Sellers as of the dates thereof or for the periods covered thereby, and (iii) include all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the consolidated financial condition and results of operations, changes in stockholders' equity and cash flow of Sellers as of the dates thereof or for the periods covered thereby, and except in the case of Reference Balance Sheet, footnotes.
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Financial Statements and Interim Financial Statements. (a) Attached as SCHEDULE 4.11(a) are true and complete copies of the unaudited balance sheet of Seller relating to the Stations, as at December 31, 2003, December 31, 2004 and December 31, 2005, and the related statements of income for the fiscal years then ended (collectively, the “Financial Statements”). The Financial Statements (i) were prepared in accordance with the books of account and other financial records of Seller and the Stations, which are accurate and complete in all material respects, (ii) fairly and accurately present the assets, liabilities and financial condition of Seller and the Stations as of the respective dates thereof, and the results of operation and cash flows for the periods then ended, (iii) have been prepared in accordance with GAAP applied on a consistent basis with Seller’s past practices, and
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Financial Statements and Interim Financial Statements. (a) The Financial Statements have been prepared in accordance with GAAP and present fairly: (i) the assets, liabilities and financial position of the Companies on a combined basis as at August 31, 2002; and (ii) the sales, earnings, results of operations and changes in financial position of the Companies on a combined basis for the twelve-month period ended August 31, 2002; and there has been no material adverse change in the financial position of the Companies from those reflected in the Financial Statements. (b) The Interim Financial Statements have been prepared on a basis consistent with past practice and consistent with the interim financial statements included in the Confidential Information Memorandum (except for any adjustments to normalize EBITDA).
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Financial Statements and Interim Financial Statements. (a) The Financial Statements have been prepared in accordance with GAAP applied on a basis consistent with that of the preceding period and present fairly in all material respects: (i) all of the assets, liabilities and financial position of the Company and the Subsidiaries on a consolidated basis as at April 27, 2003; and (ii) the sales, earnings, results of operation and changes in financial position of the Company and the Subsidiaries on a consolidated basis for the year ended April 27, 2003. (b) The Interim Financial Statements have been prepared on a basis consistent with those of the preceding interim periods and present fairly in all material respects all of the assets, liabilities and financial position of the Company as at July 27, 2003 and the sales, earnings, retained earnings and statement of cash flows of the Company for the three-month period ended July 27, 2003.
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Financial Statements and Interim Financial Statements. The Financial Statements and the Interim Financial Statements have been prepared in accordance with GAAP, applied on a basis consistent with prior periods, are correct and complete in all material respects and present fairly the consolidated assets, liabilities (whether accrued, absolute, contingent or otherwise) and financial position of the Corporation as at their respective dates and the consolidated sales, earnings and results of operations of the Corporation for the respective periods covered by the respective Financial Statements and Interim Financial Statements. Other than the deferred share units of the Corporation issued to ▇▇▇▇▇ Best (which shall no longer be outstanding as of the Closing), the Corporation has no so-called "off balance sheet" assets, liabilities, obligations or transactions that are not recorded and presented in the Financial Statements or Interim Financial Statements.
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Financial Statements and Interim Financial Statements. (a) Attached as SCHEDULE 3.10(a) are true and complete copies of the audited balance sheet of the Company and Subsidiary, as at December 31, 2001, December 31, 2002 and December 31, 2003, and the related statements of changes in cash flow, shareholder equity and results of operation for the fiscal years then ended (collectively, the “Financial Statements”). The Financial Statements (i) were prepared in good faith and in accordance with the books of account and other financial records of the Company and Subsidiary, which are accurate and complete in all material respects, (ii) fairly present the assets, liabilities and financial condition of the Company and Subsidiary as of the respective dates thereof, and the changes in cash flow, shareholder equity and results of operation for the periods then ended, (iii) have been prepared, unless otherwise expressly stated therein, in accordance with GAAP applied on a consistent basis with the Company’s and Subsidiary’s past audited financial statements, and (iv) include all adjustments (consisting only of normally recurring accruals) that are necessary for a fair presentation of the financial condition and results of operation of the business of the Company and Subsidiary as of the dates thereof and for the periods covered thereby. (b) Attached as SCHEDULE 3.10(b) are true and complete copies of the unaudited balance sheet of the Company and Subsidiary as at June 30, 2004, and the related statements of changes in cash flow, shareholder equity and results of operation for the six (6) month period then ended (the “Interim Financial Statements”). The Interim Financial Statements, which were prepared in good faith and in accordance with the books of account and other financial records of the Company and Subsidiary which are accurate and complete in all material respects, have been prepared in accordance with GAAP applied on a basis consistent with the Financial Statements and fairly present the financial condition of the Company and Subsidiary as at each of the dates indicated and the results of its operations and changes in financial position for each of the periods then ended. (c) The Receivables of the Company are collectible in amounts not less than the amounts thereof carried on the books of the Company and Subsidiary, are not subject to any right of recourse, defense, deduction, counterclaim, offset or setoff on the part of the obligor, and reasonably can be expected to be collected within a reasonable time from th...
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Financial Statements and Interim Financial Statements. (a) Attached as Schedule 4.11(a) are true and complete copies of the unaudited balance sheet of Seller with respect to the Stations as at December 31, 2013, and the related statements of income and changes in cash flow for the fiscal year then ended. The Financial Statements are in accordance with the books and records of the Seller, have been prepared in accordance with GAAP (except for the absence of footnotes) applied on a basis consistent with preceding years and present fairly in all material respects the financial condition of Seller with respect to the Stations as at the date indicated and the results of its operations and changes in cash flows for the period then ended. (b) When delivered, the monthly financial reports required to be delivered pursuant to Section 6.4 shall have been prepared in conformity with GAAP applied on a basis consistent with the Financial Statements and will present fairly in all material respects the financial condition of Seller with respect to the Stations as at the dates indicated and the results of its operations for the periods then ended; subject, however, to year-end adjustments which, in the aggregate, will not be materially adverse, and provided, that such financial reports will not contain footnotes.
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Related to Financial Statements and Interim Financial Statements

  • Interim Financial Statements The unaudited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of June 30, 2012 and the related unaudited consolidated statements of income and cash flows for the six months then ended fairly present, in conformity with GAAP applied on a basis consistent with the financial statements referred to in subsection (a) of this Section, the consolidated financial position of the Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such six-month period (subject to normal year-end audit adjustments).

  • Annual and Interim Financial Statements From the date hereof through the Closing Date, within thirty (30) calendar days following the end of each three-month quarterly period and each fiscal year, the Company shall deliver to the Purchaser an unaudited consolidated income statement and an unaudited consolidated balance sheet for the period from the Interim Balance Sheet Date through the end of such quarterly period or fiscal year and the applicable comparative period in the preceding fiscal year, in each case accompanied by a certificate of the Chief Financial Officer of the Company to the effect that all such financial statements fairly present the consolidated financial position and results of operations of the Target Companies as of the date or for the periods indicated, in accordance with GAAP, subject to year-end audit adjustments and excluding footnotes. From the date hereof through the Closing Date, the Company will also promptly deliver to the Purchaser copies of any audited consolidated financial statements of the Company and its Subsidiaries that the Company’s certified public accountants may issue.

  • Audited Financial Statements The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in shareholder’s equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

  • Unaudited Financial Statements The School shall prepare and submit its unaudited annual financial statements to the Commission by September 15 of the subsequent fiscal year; provided that the Commission, with reasonable notice to the School, may change the deadline depending on circumstances.

  • Financial Statements (a) The Company has delivered to the Purchaser or its Representatives the following financial statements (collectively, the "Company Financial Statements"): (a) the audited balance sheets of the Company as of December 31, 2003 and December 31, 2002 and the related audited statements of income and cash flows for the years ended December 31, 2003 and December 31, 2002; and (b) the unaudited consolidated balance sheet (the "Company Unaudited Balance Sheet") of the Company as of December 31, 2004 (the "Balance Sheet Date") and the related unaudited statement of income and cash flows for the period then ended. The Company Financial Statements are accurate and complete in all material respects, have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the periods covered except as noted therein and present fairly in all material respects the financial position of the Company as of the respective dates thereof and the results of operations and cash flows of the Company for the periods covered thereby; provided, that, the unaudited financial statements are subject to year-end audit adjustments (which will not be material either individually or in the aggregate) and do not contain all footnotes required under generally accepted accounting principles. (b) The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that: transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability. The Company has delivered to Purchaser or its Representatives accurate and complete copies of, all written descriptions of, and all policies, manuals and other documents promulgating, any internal accounting controls which have been adopted and implemented by the Company and are presently in effect. The Company has not entered into any securitization transactions and "off-balance sheet arrangements" (as defined in Item 303(c) of Regulation S-K under the Exchange Act) since September 1, 2001.