Personal Financial Statements Clause Samples
The Personal Financial Statements clause requires an individual or entity to provide detailed documentation of their financial status, typically including assets, liabilities, income, and expenses. In practice, this clause may obligate a borrower to submit updated financial statements to a lender at specified intervals or upon request, ensuring the lender has current information about the borrower's financial health. Its core function is to enable the other party, often a lender or contractual counterparty, to assess ongoing creditworthiness and manage risk by monitoring for any significant changes in financial condition.
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Personal Financial Statements. Each Guarantor who is an individual shall deliver to Bank annually, within thirteen months of the previous statement date on file with Bank, Guarantor’s financial statement. Said financial statement shall disclose all of Guarantor’s assets, liabilities, net worth, income and contingent liabilities, all in reasonable detail and acceptable to Bank and submitted on a form to be provided by Bank or on such other form acceptable to Bank, signed by Guarantor and certified by Guarantor to Bank to be true, correct and complete. TAX RETURNS. Guarantor shall deliver to Bank, within 30 days of filing, complete copies of federal and state tax returns, as applicable, together with all schedules thereto, each of which shall be signed and certified by Guarantor to be true and complete copies of such returns. In the event an extension is filed, Guarantor shall deliver a copy of the extension within 30 days of filing.
Personal Financial Statements. ▇▇▇▇▇▇▇▇ Investments and Guarantor shall deliver to Bank, within 120 days after the end of each calendar year, combined financial statements including, a balance sheet, with supporting schedules; all in reasonable detail and prepared on a consistent basis with prior financial statements furnished to Bank by ▇▇▇▇▇▇▇▇ Investments and Guarantor. Such statements shall be certified as to their correctness by Guarantor.
Personal Financial Statements. Borrower shall deliver or cause to be delivered to Lender, personal financial statements of each Guarantor, not later than fifteen (15) months after the most recent such statements delivered to Lender.
Personal Financial Statements. At least once in each calendar year, and not later than fifteen (15) months after the last delivery of such financial statement, a copy of the personal financial statement of the Individual Guarantor dated as of date not more than six (6) months prior to the date of delivery.
Personal Financial Statements. As soon as available and in any event within one hundred twenty (120) days after the close of each calendar year, personal financial statements for each Guarantor with liquidity verification, in the form of investment account statements and/or bank statements;
Personal Financial Statements. Within 30 days of request therefor, Borrower Representative shall provide shall furnish to Lender copies of the personal financial statements of each individual Guarantor, which shall be in form and substance reasonably satisfactory to Lender.
Personal Financial Statements. Not later than 120 days after the close of each fiscal year of Customer, a current signed financial statement of each individual Guarantor; and
Personal Financial Statements. The Borrower covenants and agrees that so long as the Loan Commitment shall be in effect or any sum under the Note shall be outstanding, the Borrower will deliver to the Lender, as soon as available, but not later than 120 days after the close of each calendar year, the personal financial statement of the Borrower, as at the end of such calendar year.
Personal Financial Statements. As soon as available but no later than thirty (30) days after January 1, 2021 and within sixty (60) days of the end of each six (6) month period thereafter, a Personal Financial Statement of each Guarantor and of each Indemnitor. Each Personal Financial Statement shall be certified as complete and accurate by each Guarantor and each Indemnitor and contain such schedules and reports as may in the Lender’s determination be necessary, together with such information as the Lender in its reasonable discretion may require (the “Personal Financial Statement”) and, as soon as available and in any event within five (5) days after filing, copies of all tax returns filed by each Guarantor and each Indemnitor; it being understood, however, that the detail and form of statements provided to and accepted by Lender prior to the making of the Loan shall be deemed to be satisfactory.
Personal Financial Statements. The Individual Guarantors shall have furnished to the Administrative Agent prior to the Closing Date completed personal financial statements on the Administrative Agent's form thereof prepared as of a recent date, together with a schedule of contingent liabilities and guarantees and letter certifying to the Lenders that since the date of those financial statements no material increase in liabilities or material adverse changes (financial or otherwise) have occurred and that each Individual Guarantor maintains cash or cash equivalents in an amount at least equal to the amount of cash and cash equivalents maintained by him as of the date of such statements, and the Lenders shall have been satisfied in their sole discretion with the form and substance thereof.