Common use of Financial and Other Statements Clause in Contracts

Financial and Other Statements. Notwithstanding anything to the contrary in Section 7.02, during the term of this Agreement, the Seller shall provide to the Buyer the following documents and information: (a) As soon as reasonably available, but in no event more than 45 days after the end of each fiscal quarter ending after the date of this Agreement, the Seller will deliver to the Buyer the Seller Bank's quarterly Call Report as filed with the appropriate Bank Regulator. As soon as reasonably available, but in no event more than 90 days after the end of each fiscal year ending after the date of this Agreement, the Seller will deliver to the Buyer the Seller Bank's consolidated and audited financial statements for the fiscal year then ended. (b) Promptly upon receipt thereof, the Seller will furnish to the Buyer copies of all internal control reports submitted to the Seller or the Seller's Bank by independent auditors in connection with each annual, interim or special audit of the books of the Seller or the Seller's Bank made by such auditors. (c) As soon as practicable, the Seller and the Seller's Bank will furnish to the Buyer copies of all such financial statements and reports as they shall send to their stockholder(s), the SEC, the Massachusetts Commissioner, the FDIC, the FRB, or any other regulatory authority, to the extent any such reports furnished to any such regulatory authority are not confidential and except as legally prohibited under applicable laws and regulations, and all press releases. (d) With reasonable promptness, the Seller and the Seller's Bank will furnish to the Buyer such additional financial data as the Buyer may reasonably request.

Appears in 2 contracts

Samples: Merger Agreement (Seacoast Financial Services Corp), Merger Agreement (Home Port Bancorp Inc)

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Financial and Other Statements. Notwithstanding anything to the contrary in Section 7.026.02, during the term of this Agreement, the Seller shall provide to the Buyer the following documents and information: (a) As soon as reasonably available, but in no event more than 45 days after the end of each fiscal quarter ending after the date of this Agreement, the Seller will deliver to the Buyer the Seller Bank's quarterly Call Report as filed with the appropriate Bank Regulator. As soon as reasonably available, but in no event more than 90 days after the end of each fiscal year ending after the date of this Agreement, the Seller will deliver to the Buyer the Seller Bank's consolidated and audited financial statements for the fiscal year then ended. (b) Promptly upon receipt thereof, the Seller will furnish to the Buyer copies of all internal control reports submitted to the Seller or the Seller's Bank by independent auditors in connection with each annual, interim or special audit of the books of the Seller or the Seller's Bank made by such auditors. (c) As soon as practicable, the Seller and the Seller's Bank will furnish to the Buyer copies of all such financial statements and reports as they shall send to their stockholder(s), the SEC, the Massachusetts Commissioner, the FDIC, the FRB, or any other regulatory authority, to the extent any such reports furnished to any such regulatory authority are not confidential and except as legally prohibited under applicable laws and regulations, and all press releases. (d) With reasonable promptness, the Seller and the Seller's Bank will furnish to the Buyer such additional financial data as the Buyer may reasonably request.

Appears in 1 contract

Samples: Merger Agreement (Andover Bancorp Inc)

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Financial and Other Statements. Notwithstanding anything to the contrary in Section 7.025.03, during the term of this Agreement, the Seller FSB shall provide to the Buyer BPFH the following documents and information: (a) As soon as reasonably available, but in no event more than 45 thirty-five (35) days after the end of each fiscal quarter ending after the date of this Agreement, the Seller FSB will deliver to the Buyer the Seller BPFH, FSB's Bank's quarterly Call Report as filed with the appropriate Bank RegulatorFDIC. As soon as reasonably available, but in no event more than 90 sixty (60) days after the end of each fiscal year ending after the date of this Agreement, the Seller FSB will deliver to the Buyer the Seller BPFH, FSB's Bank's consolidated and audited financial statements for the fiscal year then ended. (b) Promptly upon receipt thereof, the Seller FSB will furnish to the Buyer BPFH copies of all internal control reports submitted to the Seller FSB or the SellerFSB's Bank by independent auditors in connection with each annual, interim or special audit of the books of the Seller FSB or the SellerFSB's Bank made by such auditors. (c) As soon as practicable, the Seller FSB and the SellerFSB's Bank will furnish to the Buyer BPFH copies of all such financial statements and reports as they shall send to their stockholder(sshareholder(s), the SEC, the Massachusetts CommissionerDFI, the FDIC, the FRB, or any other regulatory authority, to the extent any such reports furnished to any such regulatory authority are not confidential and except as legally prohibited under applicable laws and regulations, and all press releases. (d) With reasonable promptness, the Seller FSB and the SellerFSB's Bank will furnish to the Buyer BPFH such additional financial data as the Buyer BPFH may reasonably request.

Appears in 1 contract

Samples: Merger Agreement (Boston Private Financial Holdings Inc)

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