Common use of Statements of Reconciliation Clause in Contracts

Statements of Reconciliation. If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Issuer delivered pursuant to Section 5.1(a) or 5.1(b) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation with respect to “Economic Income” for all such prior financial statements in form and substance satisfactory to Administrative Agent. In addition, beginning with the financial statements for the Fiscal Quarter first ended after the IPO, (i) concurrently with the delivery of the financial statements referred to in clause (a) above, a written reconciliation of such financial statements showing adjustments between combined financial statements for the Och-Ziff Operating Group and the consolidated financial statements for the Issuer and its Subsidiaries, in form and substance reasonably acceptable to the Administrative Agent and in any event sufficient to permit the calculation of the financial measurements under Sections 6.1(l) and 6.3(h) (a “Reconciliation Statement”) and (ii) within 20 Business Days of the delivery of the financial statements in clause (b) above, a Reconciliation Statement, together with agreed-upon procedures from the accounting firm that performed the audit of such financial statements;

Statements of Reconciliation. If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Issuer delivered pursuant to Section 5.1(a) or 5.1(b) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation with respect to “Economic Income” for all such prior financial statements in form and substance satisfactory to Administrative Agent. In addition, beginning with the financial statements for the Fiscal Quarter first ended after the IPO, (i) concurrently with the delivery of the financial statements referred to in clause (a) and (b) above, a written reconciliation of such financial statements showing adjustments between combined financial statements for the Och-Ziff Operating Group and the consolidated financial statements for the Issuer and its Subsidiaries, in form and substance reasonably acceptable to the Administrative Agent and in any event sufficient to permit the calculation of the financial measurements under Sections 6.1(l6.1(1), 6.3(h) and 6.3(h) 6.5 (a “Reconciliation Statement”) and (ii) within 20 Business Days of the delivery of the financial statements in clause (b) above, a Reconciliation Statement, together with agreed-upon procedures from the accounting firm that performed the audit of such financial statements;