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Common use of Financial Reports and Other Information Clause in Contracts

Financial Reports and Other Information. The Guarantor will furnish, in form and substance satisfactory to Lender: (a) a full and complete report of Guarantor's and its subsidiaries' financial condition at least once during each 12-month period during the term hereof but in no event later than 120 days after the end of each fiscal year of Guarantor, which shall include (i) annual financial statements prepared on a consolidated basis and audited by independent public accountants selected by Guarantor and reasonably acceptable to Lender, accompanied by an opinion of such accountants reasonably acceptable to Lender, and (ii) unaudited annual consolidating financial statements of Guarantor and its subsidiaries; (b) within 120 days of the close of each calendar year, a written statement signed by the Guarantor's president, chief executive officer or similar presiding officer stating that to the best of said person's knowledge that the Guarantor has fulfilled all of its obligations hereunder or, if there has been a default in the fulfillment of any such obligations, specifying each such default known to such person and the nature and status thereof; and (c) such other information, reports or statements concerning the operations, business affairs and/or financial condition of Guarantor and its subsidiaries as the Lender may reasonably request from time to time.

Appears in 3 contracts

Samples: Guaranty (Horizon PCS Inc), Guaranty (Horizon Personal Communications Inc), Guaranty (Horizon PCS Inc)

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