Common use of Basic Financial Information and Reporting Clause in Contracts

Basic Financial Information and Reporting. (a) As soon as practicable after the end of each fiscal year of the Company, and in any event within 60 days thereafter, the Company will furnish each Investor a balance sheet of the Company, as at the end of such fiscal year, and a statement of income and a statement of cash flows of the Company, for such year, all prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein) and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail. Such financial statements shall be reviewed or audited by independent public accountants of national standing selected by the Company’s Board of Directors.

Basic Financial Information and Reporting. (a) As soon as practicable 3.1.1 Within 120 days after the end of each fiscal year of the Company, and in any event within 60 days thereafter, the Company will furnish each Investor a balance sheet of the Company, as at the end of such fiscal year, and a statement of income and a statement of cash flows of the Company, for such year, all prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein) and setting forth in each case in comparative form the figures for the previous fiscal yearyear and the figures from the most recent budget approved by the Board of Directors, all in reasonable detail. Such financial statements shall be reviewed or audited accompanied by a report and opinion thereon by independent public accountants of national standing selected by the Company’s Board of Directors.

Basic Financial Information and Reporting. (a) As soon as practicable after the end of each fiscal year of the Company, and in any event within 60 ninety (90) days thereafter, the Company will furnish each Investor a balance sheet of the Company, as at the end of such fiscal year, and a statement of income and a statement of cash flows of the Company, for such year, all prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein) and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail. Such financial statements shall be reviewed or audited and accompanied by a report and opinion thereon by independent public accountants of national standing selected by the Company’s 's Board of Directors.

Basic Financial Information and Reporting. (a) As soon as practicable after the end of each fiscal year of the Company, and in any event within 60 ninety (90) days thereafter, the Company will furnish each Investor Non-Preferred Holder a balance sheet of the Company, as at the end of such fiscal year, and a statement of income and a statement of cash flows of the Company, for such year, all prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein) and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail. Such financial statements shall be reviewed or audited accompanied by a report and opinion thereon by independent public accountants of national standing selected by the Company’s 's Board of Directors.