Common use of Auditors and Audits; Annual and Quarterly Financial Statements and Accounting Clause in Contracts

Auditors and Audits; Annual and Quarterly Financial Statements and Accounting. Each Party agrees (on behalf of itself and each other member of its Group) that, following the applicable Relevant Time until the completion of each Party’s audit for the fiscal year ending December 31, 2021 and in any event solely with respect to (x) any statutory audit with respect to any fiscal year ending prior to the Relevant Time or for any portion of a fiscal year prior to the Relevant Time, in each case, in respect of which the Party requesting such reasonable assistance and access was an Affiliate (or relevant member of its Group) of the other Party’s Group, (y) the preparation and audit of each of the Party’s financial statements for the year ended December 31, 2019 or amendments thereto, (or the printing, filing and public dissemination thereof) and (z) the audit of each Party’s internal controls over financial reporting and management’s assessment thereof and management’s assessment of each Party’s disclosure controls and procedures in respect of the year ended December 31, 2019; provided, that in the event that any Party changes its auditors within one (1) year of the completion of each Party’s audit for the fiscal year ending December 31, 2021, then such Party may request reasonable access on the terms set forth in this Section 5.1 for a period of up to one hundred and eighty (180) days from such change; provided, further, that, notwithstanding the foregoing, access of the type described in this Section 5.1 shall be afforded by and to each of the Parties (from time to time following the applicable Relevant Time), as applicable, to the extent reasonably necessary to respond (and for the limited purpose of responding) to any written request or official comment from a Governmental Entity, such as in connection with responding to a comment letter from the Commission, or as reasonably necessary to meet a filing, reporting or similar obligation required under applicable Law (including under Public Reports):

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Corteva, Inc.), Separation and Distribution Agreement (DowDuPont Inc.), Separation and Distribution Agreement (Dow Inc.)

AutoNDA by SimpleDocs

Auditors and Audits; Annual and Quarterly Financial Statements and Accounting. Each Party agrees that during the one hundred and eighty (on behalf of itself and each other member of its Group180) that, days following the applicable Relevant Time until (and with the completion consent of each the other applicable Party’s audit , which consent shall not be unreasonably withheld or delayed, during any period of time after such one hundred and eighty (180) day period reasonably requested by such requesting Party so long as there is a reasonable business purpose for the fiscal year ending December 31, 2021 such request) and in any event solely with respect to (x) any statutory audit with respect to any fiscal year ending prior to the Relevant Time or for any portion of a fiscal year prior to the Relevant Time, in each case, in respect of which the Party requesting such reasonable assistance and access was an Affiliate (or relevant member of its Group) of the other Party’s Group, (y) the preparation and audit of each of the Party’s financial statements for the year ended December 31, 2019 or amendments thereto2006, (or the printing, filing and public dissemination thereof) and (z) of such financial statements, the audit of each Party’s internal controls control over financial reporting and management’s assessment thereof and management’s assessment of each Party’s disclosure controls and procedures procedures, if required, in respect each case made as of the year ended December 31, 20192006; provided, that in the event that any Party changes its auditors within one two (12) year years of the completion of each Party’s audit for the fiscal year ending December 31, 2021applicable Relevant Time, then such Party may request reasonable access on the terms set forth in this Section 5.1 5.3 for a period of up to one hundred and eighty ninety (18090) days from such change; provided, further, that, notwithstanding the foregoing, access of the type described in this Section 5.1 5.3 shall be afforded by and to each of the Parties hereto (from time to time following the applicable Relevant Time), as applicable, to the extent reasonably necessary to respond (and for the limited purpose of responding) to any written request or official comment from a Governmental Entity, such as in connection with responding to a comment letter from the Commission, or as reasonably necessary to meet a filing, reporting or similar obligation required under applicable Law (including under Public Reports)::

Appears in 2 contracts

Samples: Separation and Distribution Agreement (Cendant Corp), Separation and Distribution Agreement (Realogy Corp)

Auditors and Audits; Annual and Quarterly Financial Statements and Accounting. Each Party agrees (on behalf of itself and each other member of its Group) that, following the applicable Relevant Time until the completion of each Party’s audit for the fiscal year ending December 31, 2021 and in any event solely with respect to (x) any statutory audit with respect to any fiscal year ending prior to the Relevant Time or for any portion of a fiscal year prior to the Relevant Time, in each case, in respect of which the Party requesting such reasonable assistance and access was an Affiliate (or relevant member of its Group) of the other Party’s Group, (y) the preparation and audit of each of the Party’s financial statements for the year ended December 31, 2019 or amendments thereto, (or the printing, filing and public dissemination thereof) and (z) the audit of each Party’s internal controls over financial reporting and management’s assessment thereof and management’s assessment of each Party’s disclosure controls and procedures in respect of the year ended December 31, 2019; provided, that in the event that any Party changes its auditors within one (1) year of the completion of each Party’s audit for the fiscal year ending December 31, 2021, then such Party may request reasonable access on the terms set forth in this Section 5.1 for a period of up to one hundred and eighty (180) days from such change; provided, further, that, notwithstanding the foregoing, access of the type described in this Section 5.1 shall be afforded by and to each of the Parties (from time to time following the applicable Relevant Time), as applicable, to the extent reasonably necessary to respond (and for the limited purpose of responding) to any written request or official comment from a Governmental Entity, such as in connection with responding to a comment letter from the Commission, or as reasonably necessary to meet a filing, reporting or similar obligation required under applicable Law (including under Public Reports)::

Appears in 2 contracts

Samples: Separation and Distribution Agreement (Corteva, Inc.), Separation and Distribution Agreement (Dow Inc.)

AutoNDA by SimpleDocs

Auditors and Audits; Annual and Quarterly Financial Statements and Accounting. Each Party agrees (on behalf of itself and each other member of its Group) that, that for one year following the Effective Time (and with the consent of the other applicable Relevant Time until the completion Party, which consent shall not be unreasonably withheld, conditioned or delayed, during any period of each Party’s audit time after such one year period reasonably requested by such requesting Party so long as there is a reasonable business purpose for the fiscal year ending December 31, 2021 such request) and in any event solely with respect to (x) any statutory audit with respect to any fiscal year ending prior to the Relevant Time or for any portion of a fiscal year prior to the Relevant Time, in each case, in respect of which the Party requesting such reasonable assistance and access was an Affiliate (or relevant member of its Group) of the other Party’s Group, (y) the preparation and audit of each of the Party’s financial statements for the year ended December 31, 2019 or amendments thereto2007, (or the printing, filing and public dissemination thereof) and (z) of such financial statements, the audit of each Party’s internal controls control over financial reporting and management’s assessment thereof and management’s assessment of each Party’s disclosure controls and procedures procedures, if required, in respect each case made as of the year ended December 31, 20192007; provided, that in the event that any Party changes its auditors within one two (12) year years of the completion of each Party’s audit for the fiscal year ending December 31, 2021Effective Time, then such Party may request reasonable access on the terms set forth in this Section 5.1 4.4 for a period of up to one hundred and eighty ninety (18090) days from such change; provided, further, that, notwithstanding the foregoing, access of the type described in this Section 5.1 4.4 shall be afforded by and to each of the Parties hereto (from time to time following the applicable Relevant Effective Time), as applicable, to the extent reasonably necessary to respond (and for the limited purpose of responding) to any written request or official comment from a Governmental Entity, such as in connection with responding to a comment letter from the Commission, or as reasonably necessary to meet a filing, reporting or similar obligation required under applicable Law (including under Public Reports)::

Appears in 1 contract

Samples: Separation and Distribution Agreement (Canwest Mediaworks Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!