Common use of Financial Reports and Information Clause in Contracts

Financial Reports and Information. (a) Within ninety (90) days after the end of each fiscal year of the Corporation, for so long as this Agreement shall be in effect, the Corporation shall furnish each of the Stockholders with audited consolidated and consolidating financial statements of the Corporation for such fiscal year (showing comparison to the prior fiscal year) which shall include a statement of income and retained earnings for each such fiscal year, a balance sheet as at the last day thereof, and a statement of cash flows prepared in accordance with generally accepted accounting principles consistently applied, and accompanied by the report, without qualification, of the Corporation's independent certified public accountants (which shall be of recognized national standing), including such accountant's management letters to the Corporation and a breakdown of all the Stockholders of each Corporation, listing next to each Stockholder's name, the Stockholder's Common Equity Percentage. (b) If for any period the Corporation shall have any subsidiary or subsidiaries whose accounts are consolidated with those of the Corporation, then in respect of such period the financial statements delivered pursuant to the foregoing Section 7(a) shall be the consolidated financial statements of the Corporation and all such consolidated subsidiaries. (c) Promptly upon becoming available, copies of all financial statements, reports, press releases, notices, proxy statements and other documents sent by any of the Corporation to their lenders or released to the public and copies of all regular and periodic reports, if any, filed by the Corporation with the Securities and Exchange Commission or any securities exchange. (d) Upon request from any Stockholder including any Selling Stockholder, the Corporation shall disclose to such Stockholder, in writing, the name and address of such Stockholder (as it then appears on the records of the Corporation) and such Stockholder's Common Equity Percentage.

Appears in 2 contracts

Samples: Stockholders Agreement (Careside Inc), Stockholders Agreement (Careside Inc)

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Financial Reports and Information. (a) Within ninety (90) days after the end of each fiscal year of the CorporationCompany, for so long as this Agreement shall be in effect, the Corporation shall Company agrees to furnish each of the Stockholders Shareholders with audited consolidated and consolidating financial statements of the Corporation Company for such fiscal year (showing comparison to the prior fiscal year) which shall include a statement of income and retained earnings for each such fiscal year, a balance sheet as at the last day thereof, and a statement of cash flows prepared in accordance with generally accepted accounting principles consistently applied, and accompanied by the report, without qualification, of the CorporationCompany's independent certified public accountants (which shall be of recognized national standing), including such accountant's management letters to the Corporation Company and a breakdown of all the Stockholders Shareholders of each Corporationthe Company, listing next to each StockholderShareholder's name, the StockholderShareholder's Common Equity Percentage. (b) If for any period the Corporation Company shall have any subsidiary or subsidiaries whose accounts are consolidated with those of the CorporationCompany, then in respect of such period the financial statements delivered pursuant to the foregoing Section 7(a10(a) shall be the consolidated financial statements of the Corporation Company and all such consolidated subsidiaries. (c) Promptly upon becoming available, copies of all financial statements, reports, press releases, notices, proxy statements and other documents sent by any of the Corporation Company to their lenders or released to the public and copies of all regular and periodic reports, if any, filed by the Corporation Company with the Securities and Exchange Commission or any securities exchange. (d) Upon request from any Stockholder Shareholder including any Selling StockholderShareholder to the Company, the Corporation Company shall disclose to such StockholderShareholder, in writing, the name and address of such Stockholder Shareholder (as it then appears on the records of the CorporationCompany) and such StockholderShareholder's Common Equity Percentage.

Appears in 2 contracts

Samples: Shareholder Agreement (Kirklands Inc), Shareholder Agreement (Kirklands Inc)

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Financial Reports and Information. (a) Within ninety (90) days after the end of each fiscal year of the CorporationCompanies, for so long as this Agreement shall be in effect, the Corporation shall Companies agree to furnish each of the Stockholders Shareholders with audited consolidated and consolidating financial statements of the Corporation Companies for such fiscal year (showing comparison to the prior fiscal year) which shall include a statement of income and retained earnings for each such fiscal year, a balance sheet as at the last day thereof, and a statement of cash flows prepared in accordance with generally accepted accounting principles consistently applied, and accompanied by the report, without qualification, of the Corporation's Companies' independent certified public accountants (which shall be of recognized national standing), including such accountant's management letters to the Corporation Companies and a breakdown of all the Stockholders Shareholders of each CorporationCompany, listing next to each StockholderShareholder's name, the StockholderShareholder's Common Equity Percentage. (b) If for any period the Corporation any Company shall have any subsidiary or subsidiaries whose accounts are consolidated with those of the Corporationsuch Company, then in respect of such period the financial statements delivered pursuant to the foregoing Section 7(a11(a) shall be the consolidated financial statements of the Corporation such Company and all such consolidated subsidiaries. (c) Promptly upon becoming available, copies of all financial statements, reports, press releases, notices, proxy statements and other documents sent by any of the Corporation Companies to their lenders or released to the public and copies of all regular and periodic reports, if any, filed by the Corporation Companies with the Securities and Exchange Commission or any securities exchange. (d) Upon request from any Stockholder Shareholder including any Selling StockholderShareholder to any of the Companies, the Corporation such Company shall disclose to such StockholderShareholder, in writing, the name and address of such Stockholder Shareholder (as it then appears on the records of the CorporationCompany) and such StockholderShareholder's Common Equity Percentage.

Appears in 1 contract

Samples: Shareholders Agreement (Kirklands Inc)

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