Common use of Annual Financial Reports Clause in Contracts

Annual Financial Reports. Furnish to the Bank, in form and reporting basis satisfactory to the Bank, not later than one hundred twenty (120) days after the close of each fiscal year of the Borrower, financial statements of the Borrower containing the balance sheet of the Borrower of the close of each such fiscal year, statements of income and retained earnings and a statement of cash flows for each such fiscal year, and such other comments and financial details as are usually included in similar reports. Such reports shall be prepared in accordance with GAAP by independent certified public accountants of recognized standing selected by the Borrower and acceptable to the Bank and shall contain unqualified opinions as to the fairness of the statements therein contained. These statements shall be prepared on an audited basis.

Annual Financial Reports. Furnish to the Bank, in form and reporting basis satisfactory to the Bank, not later than one hundred twenty (120) days after the close of each fiscal year of the Borrower, beginning with the fiscal year ending December 31, 2010, audited financial statements of the Borrower on a consolidated and consolidating basis containing the balance sheet of the Borrower as of the close of each such fiscal year, statements of income and retained earnings and a statement of cash flows for each such fiscal year, and such other comments and financial details as are usually included in similar reports. Such reports shall be prepared in accordance with GAAP by independent certified public accountants of recognized standing selected by the Borrower and acceptable to the Bank and shall contain be accompanied by unqualified opinions as to the fairness of the statements therein contained. These statements shall be prepared on an audited basiscontained from independent certified public accountants of recognized standing selected by Borrower and acceptable to Bank.

Annual Financial Reports. Furnish to the Bank, Bank in form and reporting basis satisfactory to the Bank, Bank not later than one hundred twenty ninety (12090) days after the close of each fiscal year of the Borrower, financial statements of beginning with the Borrower containing the Borrower's fiscal year ending July 31, 2003, on a consolidated and consolidating basis, a balance sheet of the Borrower of as at the close of each such fiscal year, statements of income and retained earnings and a statement statements of cash flows for each such fiscal year, and such other comments and financial details as are usually included in similar reports. Such reports shall be prepared in accordance with GAAP by independent certified public accountants of recognized standing selected by the Borrower and acceptable to the Bank and shall contain unqualified opinions as to the fairness of the statements therein contained. These statements shall be prepared on an audited basis.

Annual Financial Reports. Furnish to the Bank, in form and reporting basis satisfactory to the Bank, not later than one hundred twenty (120) days after the close of each fiscal year of Borrower, beginning with the Borrowerfiscal year ending December 31, 2005, financial statements of the Borrower on a consolidated and consolidating basis containing the balance sheet of the Borrower as of the close of each such fiscal year, statements of income and retained earnings and a statement of cash flows for each such fiscal year, and such other comments and financial details as are usually included in similar reports. Such reports shall be prepared in accordance with GAAP by independent certified public accountants of recognized standing selected by the Borrower and acceptable to the Bank and shall contain be accompanied by unqualified opinions as to the fairness of the statements therein contained. These statements shall be prepared on an audited basiscontained from independent certified public accountants of recognized standing selected by Borrower and acceptable to Bank.