Common use of Update of Financial Statements Clause in Contracts

Update of Financial Statements. During the period from the date of this Agreement through the Closing Date or the earlier termination of this Agreement pursuant to Article XI, each Company shall prepare in the Ordinary Course of Business, and deliver to Parent promptly upon completion, but in any event no later than 30 days after the end of the applicable calendar quarter, unaudited unconsolidated financial statements for such Company for each calendar quarter (other than the fourth quarter of any calendar year) ending after March 31, 2022, consisting of a balance sheet as of the end of such quarter and a statement of comprehensive income (loss) for the portion of the year then ended (the “Quarterly Financial Statements”). From the date hereof through the Closing Date, each Company will also promptly deliver to Parent copies of any audited consolidated financial statements of such Company that such Company’s certified public accountants may issue (the “Annual Financial Statements”). The Quarterly Financial Statements and the Annual Financial Statements delivered pursuant to this Section 5.09 shall constitute Company Financial Statements for purposes of Section 3.05 and accordingly the representations and warranties in Section 3.05 shall apply to such Quarterly Financial Statements.

Update of Financial Statements. During the period from the date of this Agreement through the Closing Date or the earlier termination of this Agreement pursuant to Article XI, each the Company shall prepare in the Ordinary Course of Business, and deliver to Parent promptly upon completion, but in any event no later than 30 days after the end of the applicable calendar quartermonth, unaudited unconsolidated financial statements for such Company each of the Group Companies for each calendar quarter (other than the fourth quarter of any calendar year) month ending after March 31June 30, 20222018, consisting of a balance sheet as of the end of such quarter month and a statement of comprehensive income (loss) for the portion of the year then ended (the “Quarterly Monthly Financial Statements”). From the date hereof through the Closing Date, each the Company will also promptly deliver to the Parent copies of any audited consolidated financial statements of such a Group Company that such Group Company’s certified public accountants may issue (the “Annual Financial Statements”). The Quarterly Monthly Financial Statements and the Annual Financial Statements delivered pursuant to this Section 5.09 shall constitute Company Financial Statements for purposes of Section 3.05 and accordingly the representations and warranties in Section 3.05 shall apply to such Quarterly Monthly Financial Statements.