Management Reports Clause Samples

Management Reports. Manager shall timely prepare and deliver to Owner the reports, schedules and statements required by Owner from time to time, which shall initially include the forms described below. The format of all such reports shall at all times be subject to the approval of Owner: (a) Not later than the fifth (5th) day of each calendar month, property operating results for the preceding month in electronic transmission; (b) Not later than the tenth (10th) day of each calendar month, a monthly unaudited operating statement in Owner's form, certified by the District Manager of Manager to be true and correct to the best of Manager's knowledge and belief. Such monthly statement shall show all receipts, expenses and other financial results from the operation of the Property for the preceding month (including, without limitation, all deposits into the Operating Account and expenditures from the Disbursement Account) and shall include copies of bank account statements, reconciliations and backup expenditures, and all other information reasonably requested by Owner. Such monthly statement shall reflect the operations of the Property on a cash basis (however, accrual basis reporting shall be available upon Owner's request), in accordance with generally accepted accounting principles; (c) Not later than the tenth (10th) day of each calendar month, a cash flow statement for the Property for the preceding calendar month and for the year to date. Each such statement shall also include a budget comparison and an explanation of all major variances. The cash flow statement shall be supported by schedules and statements required by the Owner from time to time, which shall initially include the monthly reports set forth in Exhibit B, attached hereto and incorporated herein by this reference; (d) Not later than the twentieth (20th) day after the close of each quarter, a quarterly report certified by an executive officer of Manager to be true and correct to the best of Manager's knowledge and belief. Such quarterly report shall report on the state of the business and affairs of the Property, and include all payments to any person for services in connection with the Property, regardless of the amount of such payments, and such other information concerning the Property as may be reasonably requested by Owner, and which quarterly reports, as set forth on Exhibit B, shall include (i) a narrative report on leasing (if any), construction, employment and any other factors of significance which r...

Management Reports. Promptly upon receipt thereof, copies of all management reports, if any, submitted to the Parent or its Board of Directors by its independent public accountants;

Management Reports. Together with each delivery of financial statements of the Company and the other Group Members pursuant to Subsections 8.01(a) and 8.01(b), the Company will deliver a management report (i) describing the operations and financial condition of the Company and its Subsidiaries for the month then ended and the portion of the current Fiscal Year then elapsed (or for the Fiscal Year then ended in the case of year-end financials), (ii) setting forth in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from the most recent projections for the current Fiscal Year delivered pursuant to Subsection 8.01(f), and (iii) discussing the reasons for any significant variations. The information above shall be presented in reasonable detail and shall be certified by the chief financial officer of the Company to the effect that such information fairly presents the results of operations and financial condition of the Company and its Subsidiaries as at the dates and for the periods indicated.

Management Reports. Promptly upon receipt thereof, copies of all detailed financial and management reports submitted to the Company by independent auditors in connection with each audit made by such auditors of the books of the Company, to the extent such reports identify a material weakness (as such term is defined in the Public Company Accounting Oversight Board Auditing Standard No. 2) in the Company’s internal controls.

Management Reports. 41 10.1.9 Projections.................................................................................41 10.1.10

Management Reports. Upon and after the occurrence of an Event of Default, copies of any management reports prepared by the Accountants as soon as available.

Management Reports. Promptly upon receipt thereof, copies of all detailed financial and management reports submitted to the Company by independent auditors in connection with each annual or interim audit made by such auditors of the books of the Company.

Management Reports. The Borrower shall deliver to the Administrative Agent and the Lenders, concurrently with the delivery of the quarterly and annual financial statements set forth in subsections (a) and (b) above, a copy of any management report, letter or similar writing furnished to the Companies by the accountants in respect of the systems, operations, financial condition or properties of the Companies.

Management Reports. 2 10.1.8 Subordinated Debt Notices........................................................... 2 10.1.9 Notices Regarding Certain Debt...................................................... 2 10.1.10 Projections......................................................................... 2 10.1.11 Notices Regarding Major Agreements.................................................. 2 10.1.12