Quarterly and Monthly Statements Sample Clauses
The "Quarterly and Monthly Statements" clause requires one party, typically the service provider or contractor, to deliver regular financial or performance reports to the other party at specified intervals—either monthly, quarterly, or both. These statements may include details such as revenues, expenses, progress updates, or other relevant metrics, depending on the nature of the agreement. By mandating consistent reporting, this clause ensures transparency, enables ongoing monitoring of obligations, and helps both parties promptly identify and address any discrepancies or issues.
Quarterly and Monthly Statements. (i) As soon as available, and in any event within forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year, commencing with the fiscal quarter ending March 31, 2000, the Company will deliver an unaudited consolidated balance sheet and statements of income, retained earnings, and cash flows of the Company and its Subsidiaries as of the end of and for such fiscal quarter, certified by the chief financial officer (or other officer acting in a similar capacity, including the Treasurer) of the Company to be true and correct and to have been prepared in accordance with GAAP consistently applied (except for changes in the application of such principles that have been approved by the Company's Board of Directors), subject to the absence of footnotes and to adjustments consisting of normal year-end accruals, the effect of which, both individually and in the aggregate, is not material.
(ii) As soon as available and in any event within thirty (30) days after the end of each month, commencing with the month ending January 31, 2000, the Company will deliver unaudited consolidated balance sheets and statements of income and cash flows of the Company and its Subsidiaries as of the end of each such month, as well as summary information as to backlog and bookings as of such month-end, certified by the treasurer or chief financial officer (or other officer acting in a similar capacity) of the Company to be true and correct and to have been prepared in accordance with GAAP consistently applied (except for changes in the application of such principles that have been approved by the Company's Board of Directors), subject to the absence of footnotes and to adjustments consisting of normal year-end accruals, the effect of which, both individually and in the aggregate, is not material.
Quarterly and Monthly Statements. As soon as available and in any event within 30 days after the end of:
(a) each month commencing with the month ending January 31, 1999, the Company will deliver to the Investor monthly financial statements of the Company and its Subsidiaries as of the end of each such month and year to date, and
(b) each quarter commencing with the quarter ending March 31, 1999, the Company will deliver to the Investor quarterly financial statements of the Company and its Subsidiaries as of the end of such quarter and year to date. Such monthly or quarterly financial statements shall include consolidated and consolidating internal, unaudited balance sheets, income statements, statements of cash flows, and statements of backlogs and shall be verified and attested by the Chief Financial Officer. Together with such financial statements, the Company will deliver to the Investor a reconciliation of the items in such financial statement against the financial statements for the same period in the prior Fiscal Year and against budget for such period delivered to the Investor pursuant to Section 9.3 hereof and a management report from the Company's President highlighting significant operational and financial events in narrative form.
Quarterly and Monthly Statements. The Partnership shall also provide periodic unaudited performance information, no less frequently than quarterly, to the Limited Partners, including (i) a report and summary of the Investments of the Partnership, (ii) portfolio valuation information and (iii) a statement of the Net Asset Value of the Partnership and a statement of the Capital Account balance of each Limited Partner, as of the last calendar day of such quarter. The filing of a Form 10-Q with the U.S. Securities and Exchange Commission including such performance information will be deemed to satisfy this obligation. On a monthly basis, the Partnership will provide each Limited Partner with a statement of its Capital Account balance as of the last calendar day of such month.
Quarterly and Monthly Statements. Within 30 calendar days after -------------------------------- the end of each calendar month (45 days in the case of a month that is the end of one of the first three fiscal quarters in a fiscal year), financial statements (including a balance sheet and cash flow and income statements) showing the financial condition and results of operations of the Loan Parties on a consolidated and consolidating basis as of the end of each such fiscal quarter and/or month, as applicable, and for the then elapsed portion of the current fiscal year, together with comparisons to the corresponding periods in the preceding year and the budget for such periods, accompanied by a certificate of an officer that such financial statements have been prepared in accordance with GAAP, consistently applied, and setting forth in comparative form the respective financial statements for the corresponding date and period in the previous fiscal year.
Quarterly and Monthly Statements. (a) As soon as available, and in any event within forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year, commencing with the fiscal quarter ending September 30, 1998 the Company will deliver to each holder of at least 10% of the outstanding shares of Series D Preferred Stock an unaudited balance sheet and statements of income, retained earnings, and cash flows of the Company as of the end of and for such fiscal quarter, certified by the chief financial officer of the Company to be true and correct and to have been prepared in accordance with GAAP consistently applied (except for changes in the application of such principles that have been approved by the Company's Board of Directors, including the affirmative vote or consent of at least one director elected by the separate class vote of the holders of shares of Series D Preferred Stock), subject to the absence of footnotes and to adjustments consisting of normal year-end accruals, the effect of which, both individually and in the aggregate, is not material.
(b) As soon as available and in any event within thirty (30) days after the end of each month, commencing with the month ending July 31, 1998, the Company will deliver to each holder of at least 10% of the outstanding shares of Series D Preferred Stock, unaudited balance sheets and statements of income and cash flows of the Company as of the end of each such month, as well as summary information as to backlog and bookings as of such month-end, certified by the treasurer or chief financial officer of the Company to be true and correct and to have been prepared in accordance with GAAP consistently applied (except for changes in the application of such principles that have been approved by the Company's Board of Directors, including the affirmative vote or consent of at least one director elected by the separate class vote of the holders of shares of Series D Preferred Stock), subject to the absence of footnotes and to adjustments consisting of normal year-end accruals, the effect of which, both individually and in the aggregate, is not material.
Quarterly and Monthly Statements. As soon as available, and in any event within thirty (30) days after the end of each of the first three fiscal quarters of each fiscal year, commencing with the fiscal quarter ending April 30, 2005, the Company will deliver to each Significant Holder an unaudited balance sheet and statements of income, retained earnings, and cash flows of the Company as of the end of and for such fiscal quarter.