Quarterly Statements and Certificates Clause Samples
The "Quarterly Statements and Certificates" clause requires a party, typically a borrower or service provider, to deliver periodic financial or operational reports and certifications every quarter. These documents may include financial statements, compliance certificates, or other relevant disclosures that demonstrate ongoing adherence to contractual obligations. By mandating regular updates, this clause ensures transparency, enables early detection of issues, and allows the other party to monitor performance and compliance throughout the contract term.
Quarterly Statements and Certificates. The Parent shall furnish to the Agent and each of the Lenders as soon as available, but in no event more than forty-five (45) days after the close of the Parent’s fiscal quarters, consolidated and consolidating balance sheets of the Parent and its Subsidiaries as of the close of such period, consolidated and consolidating income, cash flows and changes in shareholders equity statements for such period, projected cash flow on a month to month basis and projected income statements, a certification that no change has occurred to the information contained in the Perfection Certificate (except as set forth on any schedule attached to the certification), prepared by a Responsible Officer in a format acceptable to the Agent, all as prepared and certified by a Responsible Officer and accompanied by a certificate of that officer stating whether any event has occurred that constitutes a Default or an Event of Default hereunder, and, if so, stating the facts with respect thereto. With the foregoing, the Borrower shall provide a Compliance Certificate, in substantially the form attached to this Agreement as EXHIBIT C.
Quarterly Statements and Certificates. The Borrowers shall furnish to the Lender as soon as available, but in no event more than forty five (45) days after the close of the Borrowers' fiscal quarters, consolidated and consolidating balance sheets of the Borrowers and their Subsidiaries as of the close of such period, consolidated and consolidating income, cash flows and changes in shareholders equity statements for such period and a Compliance Certificate, in substantially the form attached to this Agreement as EXHIBIT C, containing a detailed computation of each financial covenant in this Agreement which is applicable for the period reported, a certification that no change has occurred to the information contained in the Collateral Disclosure List (except as set forth on a schedule attached to the certification), each prepared by a Responsible Officer of or on behalf of each Borrower in a format acceptable to the Lender, all as prepared and certified by a Responsible Officer of the Borrowers and accompanied by a certificate of that officer stating whether any event has occurred which constitutes a Default or an Event of Default hereunder, and, if so, stating the facts with respect thereto.
Quarterly Statements and Certificates. The Borrower shall furnish to the Agent for distribution to the Lenders as soon as available, but in no event more than forty-five (45) days after the close of the Borrower's fiscal quarters (other than the final fiscal quarter), consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as of the close of such period, consolidated and consolidating income, cash flows and changes in shareholders equity statements for such period, and a Compliance Certificate, in substantially the form attached to this Agreement as EXHIBIT E, containing a detailed computation of each financial covenant in this Agreement which is applicable for the period reported, each prepared by a Responsible Officer of or on behalf of the Borrower in a format acceptable to the Agent, all as prepared and certified by a Responsible Officer of the Borrower and accompanied by a certificate of that officer stating whether any event has occurred which constitutes a Default or an Event of Default hereunder, and, if so, stating the facts with respect thereto.
Quarterly Statements and Certificates. The Borrowers shall furnish to the Lender as soon as available, but in no event more than forty-five (45) days after the close of the Borrowers’ fiscal quarters, consolidated and consolidating balance sheets of the Borrowers and its Subsidiaries as of the close of such period, consolidated and consolidating income, cash flows, contract backlog report, and changes in shareholders equity statements for such period, and a Compliance Certificate, in substantially the form attached to this Agreement as EXHIBIT D, containing a detailed computation of each financial covenant in this Agreement that is applicable for the period reported, a certification that no change has occurred to the information contained in the Perfection Certificate (except as set forth on any schedule attached to the certification), each prepared by a Responsible Officer of or on behalf of each Borrower in a format acceptable to the Lender, all as prepared and certified by a Responsible Officer of the Borrowers and accompanied by a certificate of that officer stating whether any event has occurred which constitutes a Default or an Event of Default hereunder, and, if so, stating the facts with respect thereto.
Quarterly Statements and Certificates. The Borrower shall furnish to the Lender as soon as available, but in no event more than forty six (46) days after the close of the Borrower's fiscal quarters, internally prepared consolidated and consolidating financial statements of the Borrower and its Subsidiaries on a year-to-date basis and as of the close of such period which financial statements shall include a balance sheet and income and expense statements for the Borrower and its Subsidiaries for such period, and a Compliance Certificate, in substantially the form attached to this Agreement as EXHIBIT C, containing a detailed computation of each financial covenant in this Agreement which is applicable for the period reported and a cash flow projection report, each prepared by a Responsible Officer of the Borrower in a format acceptable to the Lender, all as prepared and certified by a Responsible Officer of the Borrower and accompanied by a certificate of that officer stating whether any event has occurred which constitutes a Default or an Event of Default hereunder, and, if so, stating the facts with respect thereto.
Quarterly Statements and Certificates. The Borrowers shall furnish to the Lender as soon as available, but in no event more than forty-five (45) days after the close of the Borrowers’ fiscal quarters, consolidated and consolidating balance sheets of the Borrowers and their Subsidiaries as of the close of such period, consolidated and consolidating income, cash flows and changes in shareholders equity statements for such period, projected cash flow on a month to month basis and projected income statements, each prepared by the chief financial officer of the Borrowers in accordance with GAAP consistently applied, and a Compliance Certificate, in substantially the form attached to this Agreement as EXHIBIT B, signed by the Borrowers chief financial officer, containing a detailed computation of each financial covenant in this Agreement that is applicable for the period reported, a certification that the financial statements fairly present in all material respects the financial condition and results of operations of the Borrowers on a consolidated and consolidating basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes, and that the projections represent management’s best estimate of the future operations of the Borrowers and are based on reasonable assumptions, and a statement whether any event has occurred which constitutes a Default or an Event of Default hereunder, and, if so, stating the facts with respect thereto.
Quarterly Statements and Certificates. As soon as available, but not later than forty-five (45) days after the end of each calendar quarter, Borrower shall provide Lender with an updated (1) contract backlog and contract revenue summary report related to contracts in process; (2) management prepared financial statements for Borrower, including a balance sheet (which shall include accounts receivable and payable), a profit and loss statement and a cash flow statement and (3) a Compliance Certificate.
Quarterly Statements and Certificates. As soon as available but in no event more than forty-five (45) days after the close of each of the Borrower's fiscal quarters, the Borrower will provide the following, prepared by the officers of Borrower responsible for preparation of financial statements for Borrower: consolidated balance sheets, profit and loss statements and cash flow statements of Varsity Group Inc. and its subsidiaries, with supporting schedules; and fully executed and completed Compliance Certificates.
Quarterly Statements and Certificates. As soon as available but in no event more than sixty (60) days after the close of each of the Company's fiscal quarters, other than the fourth fiscal quarter, consolidated and consolidating balance sheets of the Company and its Subsidiaries as at the close of such period and consolidated and consolidating income and expense statements for such period, and an aging of accounts receivable, all certified by the principal financial officer of the Company. The quarterly statements shall be in such detail as Agent may reasonably require and shall be accompanied by a Compliance Certificate. Each Compliance Certificate will clearly set forth the methodology used in determining compliance and/or non-compliance and shall set forth the basis for determining the Additional Percentage and the Additional LIBOR Rate Percentage under the Note.
Quarterly Statements and Certificates. The Borrowers shall furnish to the Lender as soon as available, but in no event more than forty five (45) days after the close of the Borrowers' fiscal quarters, the Company's 10-Q as filed with the Securities and Exchange Commission or if such report is not filed, the Borrowers' consolidated and consolidating balance sheets of the Borrowers and its Subsidiaries as of the close of such period, consolidated and consolidating income, cash flows and changes in shareholders equity statements for such period, projected cash flow on a month to month basis and projected income statements, and a Compliance Certificate, in substantially the form attached to this Agreement as EXHIBIT D.