Audited Annual Statements. Within sixty (60) days after the end of each fiscal year, an audited balance sheet of the Company as of the end of such fiscal ear, and an audited statement of income and statement of cash flows of the Company for such year, in each case prepared in accordance with GAAP and setting forth in comparative form the figures for the previous fiscal year, all in reasonable detail.
Audited Annual Statements. As soon as available and in any event within one hundred twenty (120) days after the close of each fiscal year of Company, Company shall furnish to each of Banks copies of the Consolidated balance sheet of Company and its Subsidiaries as of the close of such fiscal year and Consolidated statements of income, shareholders' equity and the statement of cash flow of Company and its Subsidiaries for such fiscal year, in each case setting forth in comparative form the figures for the preceding fiscal year and accompanied by a separate opinion (which shall not be qualified by reason of any limitation imposed by Company) of independent public accountants of recognized national standing selected by Company and satisfactory to Agent, to the effect that such financial statements have been prepared in accordance with Generally Accepted Accounting Principles, and that the examination of such accounts in connection with such financial statements has been made in accordance with generally accepted auditing standards. In addition, as soon as available and in any event within 120 days after the close of each fiscal year, Company shall furnish to each of Banks a report of independent public accountants of recognized standing selected by Company and satisfactory to Agent containing a computation of the covenants contained in Sections 9.01, 9.02, 9.03, 9.04, 9.05 or 9.06, all in reasonable detail.
Audited Annual Statements. 10(d) Awards.....................................................................16.3
Audited Annual Statements. Within 90 days after the end of each fiscal year of the Borrower, a copy of annual financial statements of the Borrower prepared in conformity with generally accepted accounting principals applied on a consistent basis, duly certified by independent certified public accountants of recognized standing satisfactory to the Lender, accompanied by an opinion without significant qualification of such accountants.
Audited Annual Statements. As soon as available and in any event within one hundred twenty (120) days after the close of each respective fiscal year of Borrower, copies of the audited financial statements of Borrower as of the close of such fiscal year and the respective statements of income and retained earnings and changes in financial position of Borrower for such fiscal year, in each case setting forth in comparative form the figures for the preceding fiscal year, all in reasonable detail and accompanied by an opinion thereon (which shall not be qualified by reason of any limitation imposed by Borrower) of PMB Xxxxx Xxxxxxx, LLP or other independent public accountant selected by Borrower and reasonably satisfactory to Lender to the effect that such financial statements have been prepared in accordance with generally accepted accounting principles and fairly present the financial conditions and results of operations of Borrower and that the examination of such accounts in connection with such financial statements has been made in accordance with generally accepted auditing standards and, accordingly, includes such tests of the accounting records and such other auditing procedures as were considered necessary in the circumstances;
Audited Annual Statements. As soon as available and in any event within one hundred twenty (120) days after the close of each fiscal year of Company, Company shall furnish to each of Banks copies of the Consolidated balance sheet of Company and its Subsidiaries as of the close of such fiscal year and Consolidated statements of income, shareholders' equity and the statement of cash flow of Company and its Subsidiaries for such fiscal year, in each case setting forth in comparative form the figures for the preceding fiscal year, all in reasonable detail and accompanied by an opinion thereon (which shall not be qualified by reason of any limitation imposed by Company) of independent public accountants of recognized national standing selected by Company and satisfactory to Agent, to the effect that such financial statements have been prepared in accordance with Generally Accepted Accounting Principles and that the examination of such accounts in connection with such financial statements has been made in accordance with generally accepted auditing standards.
Audited Annual Statements. Within ninety (90) days after the end of each fiscal year of the Borrower, annual audited financial statements of Borrower, prepared on a consolidated basis, showing the financial condition of Borrower as of the close of such fiscal year and the results of its operations during such year, all the foregoing financial statements to be audited by independent accountants reasonably acceptable to Bank and to include the statement of such independent accountants that such financial statements present fairly the financial position and results of operations of the Borrower, and have been prepared in accordance with GAAP, together with Borrower’s income and expense projections for the current fiscal year.
Audited Annual Statements. As soon as reasonably possible, and in any event within one hundred and fifty (150) days after the close of each fiscal year of the Company, the Company shall provide to UWG audited financial statements consisting of a consolidated balance sheet of the Company as at the end of such period and consolidated profit and loss statements and cash flow statements of the Company for such fiscal year (the “Annual Audited Statements”). The Annual Audited Statements shall be accompanied by a report and opinion of Xxxxxx & Associates or a nationally recognized firm of independent public accountants, which report and opinion shall be prepared in accordance with generally accepted auditing standards relating to reporting. The Annual Audited Statements shall also include a statement of such independent public accountants that in the course of making the annual audit of the Company’s accounts, they became aware of no default by the Company under the provisions of this Agreement or the Company’s Articles of Incorporation then in effect, or if there is such a default, specifying it.
Audited Annual Statements. Within 90 days after the end of each fiscal ------------------------- year of the Company, duplicate copies of,
(1) a consolidated balance sheet of the Company and its Subsidiaries, as at the end of such year,
(2) consolidated statements of income, changes in shareholders' equity and cash flows of the Company and its Subsidiaries, for such year, and
(3) a consolidated statement of cash flows of the Company and its Subsidiary for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP, and accompanied
(1) by an opinion thereon of independent certified public accountants of recognized national standing, which opinion shall state that such financial statements present fairly, in all material respects, the financial position of the companies being reported upon and their results of operations and cash flows and have been prepared in conformity with GAAP, and that the examination of such accountants in connection with such financial statements has been made in accordance with GAAP, and that such audit provides a reasonable basis for such opinion in the circumstances, and
(2) a certificate of such accountants stating that they have reviewed this Agreement and stating further whether, in making their audit, they have become aware of any condition or event that then constitutes a Default or an Event of Default, and, if they are aware that any such condition or event then exists, specifying the nature and period of the existence thereof (it being understood that such accountants shall not be liable, directly or indirectly, for any failure to obtain knowledge of any Default or Event of Default unless such accountants should have obtained knowledge thereof in making an audit in accordance with generally accepted auditing standards or did not make such an audit);
Audited Annual Statements promptly, and in any event, within 120 days after the end of each fiscal year of the Company, a copy of: (i) a consolidated and consolidating balance sheet of the Company and its Subsidiaries, as at the end of such year, and (ii) consolidated and consolidating statements of income, changes in shareholders’ equity and cash flows of the Company and its Subsidiaries, for such year and (in the case of the consolidated statements) setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, prepared by the Company in accordance with GAAP, and accompanied by a report and opinion thereon of independent certified public accountants of recognized national standing (which may include, but not be limited to, Ernst & Young), which report and opinion shall state (1) that such consolidated financial statements present fairly, in all material respects, the financial position of the Company and its Subsidiaries and its results of operations and cash flows and have been prepared in conformity with GAAP, and (2) that the examination of such accountants in connection with such financial statements has been made in accordance with generally accepted auditing standards and that such audit provides a reasonable basis for such report and opinion in the circumstances, and which report and opinion shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit; provided, however, any such report or opinion may include a “going concern” or like qualification or exception arising from the fact that the Maturity Date falls within one (1) year of the date of such report.
