Common use of Reports and Audit Clause in Contracts

Reports and Audit. (a) The Trustee shall appoint an auditor of the Trust. (b) The Trustee shall provide financial and other reports to the Company containing such information regarding the Fund and the investment thereof as the Company may from time to time reasonably require in order to fulfill their own recordkeeping and financial reporting functions, at such time or times as the Company may reasonably request. (c) Without limiting the generality of subsection 8.2(b), the Trustee shall furnish (or, as applicable, cause the Investment Manager to furnish) to the Company the financial information necessary to complete the annual reporting form that is required to be filed with the NEB by the Trust (as set forth in Appendix XV to the Reasons for Decision in MH-001-2013 released by the NEB in May 2014) within 15 days following the close of each Fiscal Year of the Trust, and within 15 days after the removal or resignation of the Trustee or termination of the Trust. (d) The Trustee shall furnish to the Company within 60 days following the close of each Fiscal Year of the Fund or such other period as maybe agreed upon between the Trustee and the Company, and within 60 days after the removal or resignation of the Trustee or termination of the Trust, audited financial statements for the Trust together with a written statement of account setting forth all investments, receipts, disbursements and other transactions effected by it during such period, along with any other information as may be agreed between the Company and the Trustee from time to time. (e) Together with the audited financial statements, the Trustee (or, if an Investment Manager has been appointed in respect of the Fund, the Investment Manager) shall provide an annual report to the Company confirming that at no time during the relevant Fiscal Year of the Trust has any part of the Fund been held or invested otherwise than in Qualified Investments. (f) The Trustee (or, if applicable with respect to the annual report, the Investment Manager) shall provide drafts of the annual financial statements and annual report referred to in sections 8.2(c) and (d) to the Company for comment at least 15 days before such statements and report are delivered pursuant to such sections. (g) The Trustee shall also provide (or cause the Investment Manager to provide) to the Company such other information or reports as may reasonably be requested by the Company from time to time.

Reports and Audit. ‌ (a) The Trustee shall appoint an auditor of the Trust. (b) The Trustee shall provide financial and other reports to the Company Contributor or Beneficiary containing such information regarding the Fund and the investment thereof as the Company Contributor or Beneficiary may from time to time reasonably require in order to fulfill their own recordkeeping and financial reporting functions, at such time or times as the Company Contributor or Beneficiary may reasonably requestrequest in a Contributor Direction or Beneficiary Direction. (c) Without limiting the generality of subsection 8.2(b), the Trustee shall furnish (or, as applicable, cause the Investment Manager to furnish) to the Company Contributor and the Beneficiary the financial information necessary to complete the annual reporting form that is required to be filed with the NEB by the Trust (as set forth in Appendix XV to the Reasons for Decision in MH-001-2013 released by the NEB in May 2014) within 15 days following the close of each Fiscal Year of the Trust, and within 15 days after the removal or resignation of the Trustee or termination of the Trust. (d) The Trustee shall furnish to the Company Contributor and the Beneficiary within 60 [60] days following the close of each Fiscal Year of the Fund or such other period as maybe may be agreed upon between the Trustee and the CompanyContributor and the Beneficiary, and within 60 [60] days after the removal or resignation of the Trustee or termination of the Trust, audited financial statements for the Trust together with a written statement of account setting forth all investments, receipts, disbursements and other transactions effected by it during such period, along with any other information as may be agreed between the Company Contributor and the Beneficiary and the Trustee from time to time. (e) Together with the audited financial statements, the Trustee (or, if an Investment Manager has been appointed in respect of the Fund, the Investment Manager) shall provide an annual report to the Company Contributor and the Beneficiary confirming that at no time during the relevant Fiscal Year of the Trust has any part of the Fund been held or invested otherwise than in Qualified Investments. (f) The Trustee (or, if applicable with respect to the annual report, the Investment Manager) shall provide drafts of the annual financial statements and annual report referred to in sections 8.2(c) and (d) to the Company Contributor and Beneficiary for comment at least 15 days before such statements and report are delivered pursuant to such sections. (g) The Trustee shall also provide (or cause the Investment Manager to provide) to the Company Contributor and the Beneficiary such other information or reports as may reasonably be requested by the Company Contributor or the Beneficiary from time to time.

Reports and Audit. ‌ (a) The Trustee shall appoint an auditor of the Trust. (b) The Trustee shall provide financial and other reports to the Company containing such information regarding the Fund and the investment thereof as the Company may from time to time reasonably require in order to fulfill their own recordkeeping and financial reporting functions, at such time or times as the Company may reasonably request.request.‌ (c) Without limiting the generality of subsection 8.2(b), the Trustee shall furnish (or, as applicable, cause the Investment Manager to furnish) to the Company the financial information necessary to complete the annual reporting form that is required to be filed with the NEB CER by the Trust (as set forth in Appendix XV to the Reasons for Decision in MH-001-2013 released by the NEB CER in May 2014) within 15 days following the close of each Fiscal Year of the Trust, and within 15 days after the removal or resignation of the Trustee or termination of the Trust.Trust.‌ (d) The Trustee shall furnish to the Company within 60 days following the close of each Fiscal Year of the Fund or such other period as maybe agreed upon between the Trustee and the Company, and within 60 days after the removal or resignation of the Trustee or termination of the Trust, audited financial statements for the Trust together with a written statement of account setting forth all investments, receipts, disbursements and other transactions effected by it during such period, along with any other information as may be agreed between the Company and the Trustee from time to time.time.‌ (e) Together with the audited financial statements, the Trustee (or, if an Investment Manager has been appointed in respect of the Fund, the Investment Manager) shall provide an annual report to the Company confirming that at no time during the relevant Fiscal Year of the Trust has any part of the Fund been held or invested otherwise than in Qualified Investments. (f) The Trustee (or, if applicable with respect to the annual report, the Investment Manager) shall provide drafts of the annual financial statements and annual report referred to in sections 8.2(c) and (d) to the Company for comment at least 15 days before such statements and report are delivered pursuant to such sections. (g) The Trustee shall also provide (or cause the Investment Manager to provide) to the Company such other information or reports as may reasonably be requested by the Company from time to time.