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 Company, for so long as this Agreement shall be in effect, the Company agrees to furnish each of the Shareholders with audited consolidated and consolidating financial statements of the 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 Company's independent certified public accountants (which shall be of recognized national standing), including such accountant's management letters to the Company and a breakdown of all the Shareholders of the Company, listing next to each Shareholder's name, the Shareholder's Common Equity Percentage.

Financial Reports and Information. (a) Within ninety (90) days after the end of each fiscal year of the CompanyCorporation, for so long as this Agreement shall be in effect, the Company agrees to Corporation shall furnish each of the Shareholders Stockholders with audited consolidated and consolidating financial statements of the Company 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 CompanyCorporation's independent certified public accountants (which shall be of recognized national standing), including such accountant's management letters to the Company Corporation and a breakdown of all the Shareholders Stockholders of the Companyeach Corporation, listing next to each ShareholderStockholder's name, the ShareholderStockholder's Common Equity Percentage.