Common use of Annual Requirements Clause in Contracts

Annual Requirements. Within ninety (90) days following the end of each fiscal year of Seller, Seller shall deliver to ArcHome a financial statement of Seller covering such fiscal period including a balance sheet as of the end of such fiscal year, and related statements of changes in financial position and shareholders’ equity for such fiscal period setting forth in each case in comparative form, figures for the previous fiscal year all in reasonable detail, and such financial statements shall be audited and certified by an independent certified public accountant. If Seller is an approved FHA DE, said statement shall include all calculations required by FHA. Seller shall also provide satisfactory evidence that all licenses, insurance, and bonds have been renewed and are current. ArcHome may at its option, from time to time, require unaudited statements and/or proof of satisfactory evidence of licenses, insurance and bonds, more frequently than once a year.

Annual Requirements. Within ninety (90) days following the end of each fiscal year of Seller, Seller shall deliver to ArcHome Arc a financial statement of Seller covering such fiscal period including a balance sheet as of the end of such fiscal year, and related statements of changes in financial position and shareholders’ equity for such fiscal period setting forth in each case in comparative form, figures for the previous fiscal year all in reasonable detail, and such financial statements shall be audited and certified by an independent certified public accountant. If Seller is an approved FHA DE, said statement shall include all calculations required by FHA. Seller shall also provide satisfactory evidence that all licenses, insurance, and bonds have been renewed and are current. ArcHome Arc may at its option, from time to time, require unaudited statements and/or proof of satisfactory evidence of licenses, insurance and bonds, more frequently than once a year.than

Annual Requirements. Within ninety (90) days following the end of each fiscal year of Seller, Seller shall deliver to ArcHome Arc Home a financial statement of Seller covering such fiscal period including a balance sheet as of the end of such fiscal year, and related statements of changes in financial position and shareholders’ equity for such fiscal period setting forth in each case in comparative form, figures for the previous fiscal year all in reasonable detail, and such financial statements shall be audited and certified by an independent certified public accountant. If Seller is an approved FHA DE, said statement shall include all calculations required by FHA. Seller shall also provide satisfactory evidence that all licenses, insurance, and bonds have been renewed and are current. ArcHome Arc Home may at its option, from time to time, require unaudited statements and/or proof of satisfactory evidence of licenses, insurance and bonds, more frequently than once a year.