Operating and Financial Statements Clause Samples

Operating and Financial Statements. Within forty-five (45) days after the end of each six-month period in each fiscal year of Mortgagor during the term of the Loan (whether such fiscal year is a calendar year or otherwise), Mortgagor shall deliver, or cause to be delivered, to State Farm: (a) semi-annual operating statements showing all elements of income and expense of the Secured Property dated as of the last day of such period; and (b) a current rent roll, showing all items set forth in the rent roll delivered to State Farm in connection with the closing of the Loan, as well as gross sales of each tenant, if any, paying percentage rental. Within one hundred twenty (120) days after the end of each fiscal year of Mortgagor and any Guarantor, Mortgagor shall deliver or cause to be delivered annual financial statements (consisting only of a balance sheet and an income and expense statement) for Mortgagor, any Guarantor and any tenant under a Lease approved by State Farm that provides that such tenant may self-insure on any insurance otherwise required to be obtained by Mortgagor under this Mortgage. Mortgagor shall promptly deliver to State Farm (y) any financial statements received by Mortgagor from any tenant under a Major Lease after receipt thereof, and (z) such other information (financial or otherwise) concerning the Secured Property, Mortgagor, Guarantor or its or their constituent entities that State Farm may reasonably request after such request therefor. All such statements and information shall be prepared in accordance with generally accepted accounting principles consistently applied, shall otherwise be satisfactory to State Farm and shall be certified by an authorized Person, member, partner or officer of Mortgagor or Guarantor, as applicable, approved by State Farm. State Farm and its representatives shall have the right, at all reasonable times and upon reasonable notice, to examine and make copies of Mortgagor’s plans, books, records, income tax returns and all supporting data concerning Mortgagor or the Secured Property. Mortgagor will assist State Farm and its representatives in conducting any such examination.

Operating and Financial Statements. Each Operating and Financial Statement for the Real Property shows all material items of income and expense (operating and capital) incurred in connection with Transferor's ownership, operation and management of such Real Property for the periods indicated and are true, correct and complete in all material respects.

Operating and Financial Statements. Current financial statements satisfactory to Lender for Borrower and any Guarantor, together with operating and cash flow statements for the Mortgaged Premises.

Operating and Financial Statements. Borrower shall deliver or cause to be delivered the following documents to Lender: (a) Within 120 days after December 31st in each fiscal year of Borrower during the term of the Loan (whether such fiscal year is a calendar year or otherwise), (i) annual operating statements showing all elements of income and expense of the Secured Property dated as of the last day of such period; and (ii) a current rent roll for the Secured Property; (b) Within 120 days after the end of each fiscal year of Borrower , annual financial statements (consisting of a balance sheet and an income and expense statement) for Borrower ; (c) Within 120 days after the end of each fiscal year of Borrower , annual financial statements (consisting of a balance sheet and an income and expense statement) for any tenant under a Lease that provides that such tenant may self-insure on any insurance otherwise required to be obtained by Borrower under this Deed of Trust; (d) Upon written request from L▇▇▇▇▇, any financial statements actually received by Borrower from any tenant under a Major Lease (to the extent not precluded by the terms of such Major Lease and so long as Lender executes a confidentiality agreement if required by any such Major Lease); and (e) Promptly after request therefor, such other information (financial or otherwise) concerning the Secured Property or Borrower or Borrower ’s constituent entities, as Lender may reasonably request. All such financial statements and information shall be prepared in accordance with the income tax accrual method of accounting consistently applied or in another manner approved by Lender, shall otherwise be satisfactory to Lender and shall be certified by an authorized person, member, partner or officer of Borrower , approved by L▇▇▇▇▇.

Operating and Financial Statements. Current financial statements satisfactory to Lender for each Borrower and each other Loan Party, together with operating and cash flow statements for each Property.

Operating and Financial Statements. The operating statements to be provided to Buyer for January 2004, February 2004 and March 2004 and all financial statements delivered to Buyer were prepared in accordance with generally acceptable accounting principles consistently applied and accurately and completely reflect the revenue, expenses add income for the Leased Premises for the periods covered thereby, and the amount of each individual item of revenue and expense set forth therein is true and correct in all material aspects.

Operating and Financial Statements. Trustor will deliver to Beneficiary upon Beneficiary’s request, operating statements and occupancy reports (including a rent roll) for the Property in a form and for periods satisfactory to Beneficiary certified as correct by Trustor. Trustor shall permit Beneficiary to examine all books and records of Trustor pertaining to the Property and deliver to Beneficiary upon request all financial statements, credit reports and other documents in the possession of Trustor relating to the financial condition of Trustor, any tenant of the Property and any guarantor of the Loan, including rental, income and expense statements pertaining to the Property and tax returns and audits.

Operating and Financial Statements. The Company shall cause ---------------------------------- to be delivered to each Member the financial statements listed below, prepared, in each case, in accordance with GAAP consistently applied with prior periods, and such other reports as any Member may reasonably request from time to time. Such financial statements shall be accompanied by an analysis, in reasonable detail, of the variance between the financial condition and results of operations reported therein and the corresponding amounts for the applicable period or periods in the annual budget for the Company. The monthly and quarterly financial statements referred to in (b) and (c) below may be subject to normal year-end audit adjustments. (a) As soon as practicable following the end of each Fiscal Year (and in any event not later than 90 days after the end of such Fiscal Year), an audited balance sheet of the Company as of the end of such Fiscal Year and the related statements of operations, Members' Capital Accounts, and cash flows for such fiscal year, together with appropriate notes to such financial statements and support schedules, all of which shall be certified by the Accountant and in each case setting forth in comparative form the corresponding figures for the immediately preceding Fiscal Year (in the case of each balance sheet following the end of the second Fiscal Year of the Company) and the two immediately preceding Fiscal Years (in the case of each statement of operations following the end of the third Fiscal Year of the Company). (b) As soon as practicable following the end of each fiscal quarter (and in any event not later than 45 days after the end of such fiscal quarter), a balance sheet of the Company as of the end of such fiscal quarter and the related statements of operations, Members' Capital Accounts, and cash flows for such fiscal quarter and for the fiscal year to date, in each case setting forth in comparative form the corresponding figures for the prior year's fiscal quarter and interim period corresponding to the fiscal quarter and interim period just completed. (c) As soon as practicable following the end of each calendar month (and in any event not later than 30 days after the end of such calendar month), statements of operations for the interim period through such month and the monthly period then ended.

Operating and Financial Statements. The Company will provide the Members with monthly internal operating statements within 20 days after the end of each calendar month. The Company will provide the Members with unaudited financial statements (balance sheet, statements of income or loss, Members' equity and changes in financial position) prepared in accordance with generally accepted accounting principles on a basis consistently applied (subject to normal year-end adjustments), within 45 days after the end of each calendar quarter. The Company will cause audited financial statements to be prepared by the Accountant for each Fiscal Year, and such statements will be distributed to the Members on an annual basis within 90 days of the end of such Fiscal Year.