Common use of Management Accounts Clause in Contracts

Management Accounts. The Borrower or the Managers will supply to the Lender, on the Lender's request within sixty (60) days of the end of each calendar year during the Facility Period the unaudited management accounts for the Vessel prepared by the Managers showing the income and expenditure for the Vessel for such calendar year.

Appears in 2 contracts

Sources: Secured Reducing Revolving Multi Currency Credit Facility Agreement (Safe Bulkers, Inc.), First Supplemental Agreement to a Secured Reducing Revolving Multi Currency Credit Facility Agreement (Safe Bulkers, Inc.)

Management Accounts. The Borrower or the Managers will supply to the Lender, on the earlier of (a) the Lender's ’s first request and (b) within sixty (60) days of the end of each calendar year during the Facility Period the unaudited management accounts for the Vessel prepared by the Managers showing the income and expenditure for the Vessel for such calendar year.

Appears in 1 contract

Sources: Credit Facility Agreement (Safe Bulkers, Inc.)

Management Accounts. The Borrower or the Managers will supply to the Lender, on the Lender's ’s request within sixty (60) days of the end of each calendar year during the Facility Period the unaudited management accounts for the Vessel prepared by the Managers showing the income and expenditure for the Vessel for such calendar year.

Appears in 1 contract

Sources: Secured Reducing Revolving Multi Currency Credit Facility Agreement (Safe Bulkers, Inc.)