Common use of Delivery of Annual Financial Statements Clause in Contracts

Delivery of Annual Financial Statements. The Company will deliver to each Holder, as soon as practicable, but in any event within ninety (90) days after the end of each fiscal year of the Company, an income statement for such fiscal year and a balance sheet of the Company as of the end of such year, such year-end financial reports to be in reasonable detail, prepared in accordance with generally accepted accounting principles.

Delivery of Annual Financial Statements. The Company will shall deliver to each Holder, Investor as soon as practicable, but in any event within ninety (90) days after the end of each fiscal year of the Company, an income statement for such fiscal year and year, a balance sheet of the Company and statement of stockholder's equity as of the end of such year, and a statement of cash flows for such year, such year-end financial reports to be in reasonable detail, prepared in accordance with US generally accepted accounting principlesprinciples ("GAAP"), and audited and certified by independent public accountants of nationally recognized standing selected by the Company.

Delivery of Annual Financial Statements. The Company will shall deliver to each Holder, Investor as soon as practicable, but in any event within ninety (90) days after the end of each fiscal year of the Company, an income statement for such fiscal year and year, a balance sheet of the Company and statement of stockholder's equity as of the end of such year, and a statement of cash flows for such year, such year-end financial reports to be in reasonable detail, prepared in accordance with generally accepted accounting principlesprinciples ("GAAP"), and audited and certified by independent public accountants of nationally recognized standing selected by the Company.