Monthly and Annual Statements Clause Samples

The "Monthly and Annual Statements" clause requires one party, typically a service provider or tenant, to deliver regular financial or operational reports to the other party, usually on a monthly and annual basis. These statements may include details such as revenues, expenses, or other relevant metrics, and are often used in contexts like commercial leases or service agreements. By mandating the provision of these statements, the clause ensures transparency and accountability, enabling both parties to monitor performance and address discrepancies in a timely manner.
Monthly and Annual Statements. As soon as practicable: (1) after the end of each month of each fiscal year of Regional, and in any event within 45 days after the end of such period, and (2) after the end of each fiscal year of Regional, and in any event within 120 days thereafter, copies of: (i) consolidated balance sheets of Regional and its Subsidiaries as at the end of such monthly period and such year; (ii) consolidated statements of income of Regional and its Subsidiaries for such month and year; (iii) consolidated statements of cash flows of Regional and its Subsidiaries during such year; (iv) consolidated statements of changes in stockholders equity of Regional and its Subsidiaries during such year; (v) statements of material changes of accounting policies, presentations, or principles made during such year for Regional and its Subsidiaries; and (vi) notes to such annual and quarterly financial statements. Monthly statements and annual statements shall all be in reasonable detail, fairly presenting the financial position and the results of operations, and certified as complete and correct in all material respects, subject to change as resulting from year-end adjustments, by the treasurer or chief financial officer of Regional Holdings, Regional or the applicable Subsidiary, as appropriate. Monthly financial statements shall be prepared on a consolidated basis for all Borrowers and Guarantors. Annual statements of Regional and its Subsidiaries (or if the financial statements of Regional and its Subsidiaries are required under GAAP to be consolidated with the financial statements of Regional Holdings, then annual statements of Regional Holdings and its Subsidiaries) shall be audited and prepared in accordance with GAAP and shall be accompanied by a report thereon unqualified as to scope by an independent nationally recognized certified accounting firm selected by Regional Holdings or Regional and reasonably satisfactory to Agent. In addition, at the request of Agent, the annual statements shall be prepared on a consolidated basis, and on a consolidating basis for each of the Borrowers and Guarantors.
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Monthly and Annual Statements. Tenant agrees to deliver to Landlord, within twenty (20) days after the end of each month during the term hereof, a complete statement signed by an agent of the Tenant showing gross sales for the preceding month. Within forty-five (45) days after the end of each Lease Year, Tenant shall deliver to Landlord a statement of the gross sales of the Tenant made at, in, on and/or from the Demised Premises for such Lease Year, certified by a duly authorized officer of Tenant. If Tenant shall fail to furnish to Landlord the annual certified statement required by this Section 3.8 within forty-five (45) days after the end of each Lease Year or the monthly statement required by this Section 3.8 on the due date thereof, Landlord shall give Tenant notice thereof. If Tenant fails to supply said statements within twenty (20) days of such notice, then in addition to the remedies available to Landlord for default by Tenant hereunder, and regardless whether the same constitutes a default by Tenant hereunder, Landlord shall have the right to perform (or cause to be performed by an independent auditing firm) an audit of Tenant's books and records to ascertain the information required to be contained in the statement to be provided by Tenant. Such audit shall be conducted at the sole cost and expense of Tenant; and Tenant shall pay to Landlord within ten (1O) days of demand therefor the cost of such audit as Additional Rent.
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Monthly and Annual Statements. On or before the twentieth (20th) day of each full calendar month after the Commencement Date to and including the twentieth (20th) day of the calendar month next following the expiration (whether by lapse of time or otherwise) of the term of this Agreement, Agent shall deliver to Owner an accounting (hereinafter called the "Monthly Statement") setting forth the amount and source of the Receipts, the Gross Operating Receipts (as defined in Exhibit A) and the Management Fee for the preceding calendar month, the Expenses of Operation and the amount and age of any rent delinquencies. The Monthly Statement shall also include a check register indicating the name of each payee of each disbursement for the prior month, the amount of each disbursement, the check number and a description of the disbursement and copies of paid invoices or other supporting documentation relating to the disbursement. Agent shall remit the Receipts to Owner as often as is reasonably practical (excluding an amount necessary to maintain a reasonable operating reserve), and, concurrently with the delivery of the Monthly Statement by Agent, Agent shall remit to Owner the excess of the Receipts for the subject month not yet remitted to Owner over the Expenses of Operation for the subject month not yet paid out of Receipts (excluding any amount necessary to maintain a reasonable operating reserve). In the event the Expenses of Operation exceed the Receipts for any such month, Agent shall immediately notify Owner. Nothing herein shall obligate Agent to advance its own funds on behalf of Owner. On or before ninety (90) days after the end of each calendar year of the Property, Agent shall deliver to Owner an accounting setting forth the results of operations for that calendar year together with such other statements and reports as are reasonably required by Owner.
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Monthly and Annual Statements. 42 Projections..................................................... 43
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Monthly and Annual Statements. As soon as practicable: (1) after ----------------------------- the end of each month in each Fiscal Year of Borrower, and in any event within 45 days after the end of such period, and (2) after the end of each Fiscal Year of Borrower and in any event within 90 days thereafter with respect to Borrower, copies of: (i) balance sheets of Borrower as at the end of such monthly period and such year; (ii) statements of income of Borrower for such month and year; (iii) statement of cash flows of Borrower during such year; (iv) statements of changes in stockholders equity of Borrower during such year; (v) statements of material changes of accounting policies, presentations, or principles made during such year; (vi) upon Lender's request, Borrower's corporate tax returns prepared by Borrower; and (vii) notes to such financial statements. Monthly statements and annual statements shall all be in reasonable detail and, upon Lender's request, shall be certified as complete and correct, subject to change as resulting from year-end adjustments and shall contain a certification that no Event of Default then exists, by the treasurer or chief financial officer of Borrower. Annual statements shall be accompanied by a report thereon unqualified as to scope by an independent certified public accounting firm selected by Borrower and satisfactory to Lender.
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Monthly and Annual Statements. Promptly (20 days) after the end of each month, there shall be prepared and delivered to each Member a statement showing the results of operations during said month. Promptly (75 days) after the end of each fiscal year, there shall be prepared a balance sheet showing the assets and liabilities of the Company at the close of the year and a statement of income showing the results of operations for the year.
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Related to Monthly and Annual Statements

  • Quarterly and Annual Reconciliation 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 10.6.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the SPD and SECI shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the SPD shall make appropriate adjustments in the next Monthly Bill. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 16.

  • Annual Statements within 90 days after the end of each fiscal year of the Company, duplicate copies of, (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of such year, and (ii) consolidated statements of income, changes in shareholders’ equity and cash flows of the Company and its Subsidiaries for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP, and accompanied by (A) an opinion thereon of independent public accountants of recognized national standing, which opinion shall state that such financial statements present fairly, in all material respects, the financial position of the companies being reported upon and their results of operations and cash flows and have been prepared in conformity with GAAP, and that the examination of such accountants in connection with such financial statements has been made in accordance with generally accepted auditing standards, and that such audit provides a reasonable basis for such opinion in the circumstances, and (B) a certificate of such accountants stating that they have reviewed this Agreement and stating further whether, in making their audit, they have become aware of any condition or event that then constitutes a Default or an Event of Default, and, if they are aware that any such condition or event then exists, specifying the nature and period of the existence thereof (it being understood that such accountants shall not be liable, directly or indirectly, for any failure to obtain knowledge of any Default or Event of Default unless such accountants should have obtained knowledge thereof in making an audit in accordance with generally accepted auditing standards or did not make such an audit), provided that the delivery within the time period specified above of the Company’s Annual Report on Form 10-K for such fiscal year (together with the Company’s annual report to shareholders, if any, prepared pursuant to Rule 14a-3 under the Exchange Act) prepared in accordance with the requirements therefor and filed with the Securities and Exchange Commission, together with the accountant’s certificate described in clause (B) above, shall be deemed to satisfy the requirements of this Section 5.1(b);

  • Monthly Financial Statements As soon as available, but no later than thirty (30) days after the last day of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form acceptable to Bank (the “Monthly Financial Statements”);

  • Monthly Statements Each month we will send you a statement showing purchases, cash advances, payments, and credits made to your Account during the billing cycle, as well as your “New Balance”, any Finance Charge and any late charges. Your statement also will identify the minimum monthly payment you must make for that billing period and the date it is due. You agree to retain for statement verification copies of transaction slips resulting from each purchase, each advance, and other transactions on your Account. Unless you notify us of a billing error in accordance with the section entitled “Your Billing Rights”, you accept your monthly statement as an accurate statement of your Account with us.

  • Quarterly Statements As soon as available and in any event within sixty (60) days after the end of each of the first three quarters of each fiscal year of Borrower, an unaudited consolidated balance sheet of Borrower and its consolidated Subsidiaries, as of the end of such quarter and the related unaudited consolidated statements of operations for such quarter and for the portion of Borrower’s fiscal year ended at the end of such quarter;