Common use of Quarterly and Monthly Statements Clause in Contracts

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.