Common use of Financial and Other Statements Clause in Contracts

Financial and Other Statements. 7.8.1 Promptly upon receipt thereof, NewAlliance will furnish to CBI copies of each annual, interim or special audit of the books of NewAlliance and the NewAlliance Subsidiaries made by its independent accountants and/or its internal auditors and copies of all internal control reports submitted to NewAlliance by such accountants and/or internal auditors in connection with each annual, interim or special audit of the financial statements of NewAlliance and the NewAlliance Subsidiaries made by such accountants and/or internal auditors. 7.8.2 As soon as reasonably available, but in no event later than the date such documents are filed with the SEC, NewAlliance will deliver to CBI any and all Securities Documents filed by it with the SEC under the Securities Laws. As soon as practicable, NewAlliance will furnish to CBI copies of all such financial statements and reports as it or any NewAlliance Subsidiary shall send to its shareholders, the FDIC, the FRB, the Department or any other regulatory authority, except as legally prohibited thereby. 7.8.3 NewAlliance will advise CBI promptly of the receipt of any examination report of any Bank Regulator with respect to the condition or activities of NewAlliance or any of the NewAlliance Subsidiaries. 7.8.4 NewAlliance will promptly furnish to CBI such additional financial data as CBI may reasonably request, including without limitation, detailed monthly loan reports.

Appears in 2 contracts

Samples: Merger Agreement (Cornerstone Bancorp Inc), Merger Agreement (Newalliance Bancshares Inc)

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Financial and Other Statements. 7.8.1 6.4.1 Promptly upon receipt thereof, NewAlliance CBI will furnish to CBI NewAlliance copies of each annual, interim or special audit of the books of NewAlliance CBI and the NewAlliance CBI Subsidiaries made by its independent accountants and/or its internal auditors and copies of all internal control reports submitted to NewAlliance CBI by such accountants and/or internal auditors in connection with each annual, interim or special audit of the financial statements of NewAlliance CBI and the NewAlliance CBI Subsidiaries made by such accountants and/or internal auditors. 7.8.2 6.4.2 As soon as reasonably available, but in no event later than the date such documents are filed with the SEC, NewAlliance CBI will deliver to CBI NewAlliance any and all Securities Documents filed by it with the SEC under the Securities Laws. As soon as practicable, NewAlliance CBI will furnish to CBI NewAlliance copies of all such financial statements and reports as it or any NewAlliance CBI Subsidiary shall send to its shareholders, the FDIC, the FRB, the Department or any other regulatory authority, except as legally prohibited thereby. 7.8.3 NewAlliance 6.4.3 CBI will advise CBI NewAlliance promptly of the receipt of any examination report of any Bank Regulator with respect to the condition or activities of NewAlliance CBI or any of the NewAlliance CBI Subsidiaries. 7.8.4 NewAlliance 6.4.4 CBI will promptly furnish to CBI NewAlliance such additional financial data as CBI NewAlliance may reasonably request, including without limitation, detailed monthly loan reports.

Appears in 2 contracts

Samples: Merger Agreement (Cornerstone Bancorp Inc), Merger Agreement (Newalliance Bancshares Inc)

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