Auditors and Audits; Annual and Quarterly Statements and Accounting Sample Clauses
This clause establishes the requirements for regular financial reporting and independent audits of a company's accounts. It typically mandates the preparation and delivery of annual and quarterly financial statements, which must be reviewed or audited by qualified external auditors. By setting these standards, the clause ensures transparency and accuracy in financial disclosures, helping stakeholders monitor the company's financial health and compliance with relevant regulations.
POPULAR SAMPLE Copied 1 times
Auditors and Audits; Annual and Quarterly Statements and Accounting. (a) Each party agrees that, for so long as the Halliburton Group beneficially owns shares of KBR Common Stock representing 15% or more of the total voting power of all of the outstanding shares of KBR Voting Stock, and with respect to any financial reporting period during which the Halliburton Group collectively beneficially owns shares of KBR Common Stock representing 15% or more of the total voting power of all of the outstanding shares of KBR Voting Stock:
Auditors and Audits; Annual and Quarterly Statements and Accounting. On behalf of the PDD Group, PDD agrees that:
Auditors and Audits; Annual and Quarterly Statements and Accounting. (a) So long as Spinco remains a Subsidiary of Plains, and with respect to any financial reporting period during which Spinco was a Subsidiary of Plains:
(i) Spinco shall not select a different accounting firm than the firm selected by Plains to audit its financial statements and to serve as its independent certified public accountants (the "Plains Auditors") for purposes of providing an opinion on its financial statements without Plains' prior written consent (which shall not be unreasonably withheld).
(ii) Spinco shall use its Reasonable Efforts to enable the accounting firm that audits its financial statements (the "Spinco Auditors") to complete their audit such that they will date their opinion on Spinco's audited annual financial statements on the same date that the Plains Auditors date their opinion on Plains' audited annual financial statements, and to enable Plains to meet its timetable for the printing, filing and public dissemination of Plains' annual financial statements. Spinco shall use its Reasonable Efforts to enable the Spinco Auditors to complete their quarterly review procedures such that they will provide clearance on Spinco's quarterly financial statements on the same date that the Plains Auditors provide clearance on Plains' quarterly financial statements.
(iii) Spinco shall provide to Plains on a timely basis all Information that Plains reasonably requires to meet its schedule for the preparation, printing, filing, and public dissemination of Plains' annual and quarterly financial statements. Without limiting the generality of the foregoing, Spinco will provide all required financial information with respect to Spinco and its Subsidiaries to the Spinco Auditors in a sufficient and reasonable time and in sufficient detail to permit the Spinco Auditors to take all steps and perform all reviews necessary to provide sufficient assistance to the Plains Auditors with respect to Information to be included or contained in Plains' annual and quarterly financial statements. Similarly, Plains shall provide to Spinco on a timely basis all Information that Spinco reasonably requires to meet its schedule for the preparation, printing, filing, and public dissemination of Spinco's annual and quarterly financial statements. Without limiting the generality of the foregoing, Plains will provide all required financial Information with respect to Plains and its Subsidiaries to the Plains Auditors in a sufficient and reasonable time and in sufficient detail...
Auditors and Audits; Annual and Quarterly Statements and Accounting. For so long as Cadence is required in accordance with United States generally accepted accounting principles to consolidate Tality's results of operations and financial position:
Auditors and Audits; Annual and Quarterly Statements and Accounting. Each party agrees that, for so long as Allergan is required in accordance with United States generally accepted accounting principles to consolidate AMO's results of operations and financial position:
Auditors and Audits; Annual and Quarterly Statements and Accounting. Each party agrees that, until the Spin-Off Date and for so long as Forest is required to account for its investment in Lone Pine either through consolidation or under the equity method of accounting (determined in accordance with GAAP and consistent with Commission reporting requirements):
Auditors and Audits; Annual and Quarterly Statements and Accounting. On behalf of the Medco Group, Medco agrees that:
Auditors and Audits; Annual and Quarterly Statements and Accounting. Each party agrees that, for so long as Phoenix is required in accordance with United States generally accepted accounting principles to consolidate inSilicon's results of operations and financial position:
Auditors and Audits; Annual and Quarterly Statements and Accounting. Each party agrees that, for so long as Southern Energy remains a Subsidiary of Southern, and with respect to any financial reporting period during which Southern Energy was a Subsidiary of Southern:
Auditors and Audits; Annual and Quarterly Statements and Accounting. Each party agrees that, until the Change of Control Date, and with respect to any financial reporting period during which Aquila was or is a Subsidiary of UtiliCorp: