Common use of Financial and Accounting Information Clause in Contracts

Financial and Accounting Information. If Utility or one of its Affiliates determines that, under (a) the Accounting Standards Codification (“ASC”) 810, Consolidation of Variable Interest Entities, and (b) Requirements of Law that it may hold a variable interest in Seller, but it lacks the information necessary to make a definitive conclusion, Seller agrees to provide, upon Utility’s written request, sufficient financial and ownership information so that Utility or its Affiliate may confirm whether a variable interest does exist under ASC 810 and Requirements of Law. If Utility or its Affiliate determines that, under ASC 810, it holds a variable interest in Seller, Seller agrees to provide, upon Utility’s written request, sufficient financial and other information to Utility or its Affiliate so that Utility may properly consolidate the entity in which it holds the variable interest or present the disclosures required by ASC 810 and Requirements of Law. Utility will reimburse Seller for Seller’s reasonable costs and expenses, if any, incurred in connection with Utility’s requests for information under this Section 6.10. Seller will have the right to seek confidential treatment of any such information from any Governmental Authority entitled to receive such information.

Financial and Accounting Information. If Utility or one of its Affiliates determines that, under (a) the Accounting Standards Codification (“ASC”) 810, Consolidation of Variable Interest Entities, and (b) Requirements of Law that it may hold a variable interest in Seller, but it lacks the information necessary to make a definitive conclusion, Seller agrees to provide, upon Utility’s written request, sufficient financial and ownership information so that Utility or its Affiliate may confirm whether a variable interest does exist under ASC 810 and Requirements of Law. If Utility or its Affiliate determines that, under ASC 810, it holds a variable interest in Seller, Seller agrees to provide, upon Utility’s written request, sufficient financial and other information to Utility or its Affiliate so that Utility may properly consolidate the entity in which it holds the variable interest or present the disclosures required by ASC 810 and Requirements of Law. Utility will reimburse Seller for Seller’s reasonable costs and expenses, if any, incurred in connection with Utility’s requests for information under this Section 6.10. Seller will have the right to seek confidential treatment of any such information from any Governmental Authority entitled to receive such information.. 25

Financial and Accounting Information. If Utility or one of its Affiliates determines that, under (a) the Accounting Standards Codification (“ASC”) 810, Consolidation of Variable Interest Entities, and (b) Requirements of Law that it may hold a variable interest in Seller, but it lacks the information necessary to make a definitive conclusion, Seller agrees to provide, upon Utility’s written request, sufficient financial and ownership information so that Utility or its Affiliate may confirm whether a variable interest does exist under ASC 810 and Requirements of Law. If Utility or its Affiliate determines that, under ASC 810, it holds a variable interest in Seller, Seller agrees to provide, upon Utility’s written request, sufficient financial and other information to Utility or its Affiliate so that Utility may properly consolidate the entity in which it holds the variable interest or present the disclosures required by ASC 810 and Requirements of Law. Utility will reimburse Seller for Seller’s reasonable costs and expenses, if any, incurred in connection with Utility’s requests for information under this Section 6.10. Seller will have the right to seek confidential treatment of any such information from any Governmental Authority entitled to receive such information.. SAMPLE