Amendment to Financial Statements Sample Clauses
The Amendment to Financial Statements clause allows for changes or corrections to previously submitted financial statements within a contractual relationship. Typically, this clause outlines the process by which parties can update financial information, such as providing revised balance sheets or income statements if errors or new information come to light. Its core function is to ensure that all parties have access to accurate and up-to-date financial data, thereby reducing the risk of decisions being made based on outdated or incorrect information.
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Amendment to Financial Statements. The Affirmative Covenants – Financial Statements section of the Loan Agreement is hereby amended to delete the subsection titled “Borrowing Base Report” therefrom and to insert in place thereof the following: Borrowing Base Report. Every Thursday of each week (for the seven-day period ending on the previous Saturday), a Borrowing Base Certificate.
Amendment to Financial Statements of the Credit Agreement is hereby amended to delete subsections (a) and (b) therefrom and to insert in place thereof, respectively, the following:
Amendment to Financial Statements. Sections 7.2 of the Warrant Agreements are hereby amended in their entireties as follows: “
Amendment to Financial Statements. Subsection 6.1(a), (b) and (c) of the Purchase Agreement are hereby amended and restated and shall read in their entirety as follows:
(a) (x) promptly when available upon filing of the same with the SEC, a copy of the registration statement filed pursuant to the SEC Transaction and each amendment thereto; and (y) promptly when available, in any event by not later than the earlier of (i) within one hundred twenty (120) days after the close of each of its fiscal years, or (ii) the date of filing its annual report on Form 10-K with the SEC, a copy of the annual audited financial statements of Companies, including consolidated balance sheet, statement of income and retained earnings, statement of cash flows for the fiscal year then ended and such other information (including nonfinancial information) as Lenders may request, in reasonable detail, prepared and certified without adverse reference to going concern value and without qualification by an independent auditor of recognized standing, selected by Companies and reasonably acceptable to Lenders; and
(b) promptly when available, and in any event, within thirty (30) days following the end of each month, provided that with respect to each March, June, September and December, by not later than the earlier of (i) thirty (30) days following the end of such month, or (ii) the date of filing each quarterly report on Form 10-Q with the SEC, a copy of the consolidated financial statements of Companies regarding such month, including balance sheet, statement of income and retained earnings, statement of cash flows for the month then ended and such other information (including nonfinancial information) as Lenders may request, in reasonable detail, prepared and certified as true and correct by Companies’ treasurer or chief financial officer.
(c) [Intentionally Deleted].”
Amendment to Financial Statements. Section 9.4(a) is amended by adding the following at the end thereof: notwithstanding the foregoing, with respect to the fiscal year ending January 31, 2003 only, the Company shall have 104 days to deliver the foregoing;