Collateral Manager Financial Statements Sample Clauses
The 'Collateral Manager Financial Statements' clause requires the collateral manager to provide regular financial statements to specified parties, such as investors or trustees. Typically, this involves delivering audited annual financial statements and possibly unaudited interim reports within set timeframes, ensuring transparency about the manager's financial health and operations. By mandating disclosure of financial information, this clause helps stakeholders assess the manager's stability and performance, thereby promoting trust and informed decision-making.
Collateral Manager Financial Statements. The Collateral Manager will submit to the Administrative Agent (which shall promptly deliver to each Lender), within ninety (90) days after each fiscal year of the Collateral Manager, consolidated audited financial statements of the Collateral Manager, audited by a firm of nationally recognized Independent public accountants.