Common use of Borrower Annual Financial Statements Clause in Contracts

Borrower Annual Financial Statements. As soon as available, but in any event within one hundred twenty (120) days after the end of each fiscal year of Borrower, a consolidated balance sheet of Borrower and its Subsidiaries as of the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, such consolidated statements to be audited and certified by Whitley Penn LLP, or other independent certified public accountants of recognized standing reasonably acceptable to Administrative Agent, to the effect that such report has been prepared in accordance with GAAP and containing no material qualifications or limitations on scope.

Borrower Annual Financial Statements. As soon as available, but and in any event within one hundred twenty ninety (12090) days after the end last day of each fiscal year of Borrower, beginning with the fiscal year ending December 31, 2021, a consolidated balance sheet copy of the annual audit report of Borrower and its Subsidiaries for such fiscal year containing, on a consolidated basis, balance sheets and statements of income, retained earnings, and cash flow as of the end of such fiscal yearyear and for the twelve (12)-month period then ended, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each case setting forth in comparative form the figures for the previous preceding fiscal year, all in reasonable detail and prepared in accordance with GAAP, such consolidated statements to be audited and certified by Whitley Penn LLP, or other independent certified public accountants of recognized standing reasonably acceptable to Administrative Agent, to the effect that such report has been prepared in accordance with GAAP and containing no material qualifications or limitations on scope.;

Borrower Annual Financial Statements. As soon as available, but in any event within one hundred twenty ninety (12090) days after the end of each fiscal year of Borrower, a consolidated balance sheet of Borrower and its Subsidiaries as of the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, such consolidated statements to be audited and certified by Whitley Penn LLP, or other independent certified public accountants of recognized standing reasonably acceptable to Administrative Agent, to the effect that such report has been prepared in accordance with GAAP and containing no material qualifications or limitations on scope.

Borrower Annual Financial Statements. As soon as available, but and in any event within one hundred twenty (120) 120 days after the end last day of each fiscal year of Borrower, beginning with the fiscal year ending December 31, 2015, a consolidated balance sheet copy of the annual audited report of Borrower and its Subsidiaries for such fiscal year containing, on a consolidated basis, balance sheets and statements of income, retained earnings, and cash flow as of the end of such fiscal yearyear and for the 12-month period then ended, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each case setting forth in comparative form the figures for the previous preceding fiscal year, all in reasonable detail and prepared in accordance with GAAP, such consolidated statements to be audited and certified by Whitley Penn LLP, or other independent certified public accountants of recognized standing reasonably acceptable to Administrative Agent, to the effect that such report has been prepared in accordance with GAAP and containing no material qualifications or limitations on scope.;