Common use of Financial Statements and Collateral Reports Clause in Contracts

Financial Statements and Collateral Reports. Borrower will furnish to Lender (i) a sales and collections report and accounts receivable aging schedule on a form acceptable to Lender within fifteen (15) days after the end of each calendar month, which shall include, but not be limited to, a report of sales, credits issued, and collections received; (ii) payable aging schedules within fifteen (15) days after the end of each calendar month; (iii) internally prepared monthly financial statements for Borrower, certified by the chief financial officer of Borrower, within forty-five (45) days of the end of each calendar month, accompanied by management analysis and actual vs. budget variance reports; (iv) to the extent prepared by Borrower, annual projections, profit and loss statements, balance sheets, and cash flow reports (prepared on a monthly basis) for the succeeding fiscal year within thirty (30) days before the end of each of Borrower's fiscal years; (v) internally prepared annual financial statements for Borrower within sixty (60) days after the end of each of Borrower's fiscal years;

Financial Statements and Collateral Reports. Borrower will furnish to Lender (i) a sales and collections report detailed monthly accounts receivable and accounts receivable payables aging schedule on a form acceptable to Lender reports within fifteen thirty (15) days after the end of each calendar month, which shall include, but not be limited to, a report of sales, credits issued, and collections received; (ii) payable aging schedules within fifteen (1530) days after the end of each calendar month; (iiiii) internally prepared monthly financial statements Financial Statements for BorrowerBorrowers, certified accompanied by the chief financial officer of Borrowera Controller's Certificate, within forty-five thirty (4530) days after the end of each calendar month and together with those monthly Financial Statements delivered as of the end of each calendar monthFiscal Quarter, accompanied by management analysis and actual vs. budget variance reportsBorrowers shall deliver Financial Statements reflecting Borrowers' results for the Fiscal Quarter then ending; (iviii) to the extent prepared by Borrower, annual projections, projections (budget) of profit and loss statements, balance sheets, sheets and cash flow reports (prepared on a monthly basis) for the succeeding fiscal year current Fiscal Year within thirty forty-five (3045) days before after the end start of each of Borrower's fiscal yearsBorrowers' Fiscal Years; (viv) internally prepared annual financial statements audited Financial Statements for Borrower each Fiscal Year, accompanied by (1) the unqualified opinion (without explanatory paragraphs) of Borrowers' independent certified public accountants (which shall be Xxxxxxxx & Co. for Fiscal Year 1996 and a Big Six firm for all Fiscal Years thereafter) selected by Borrowers and acceptable to Lender and (2) a Controller's Certificate, within sixty one hundred five (60105) days after the end of each of Borrower's fiscal yearsFiscal Years;

Financial Statements and Collateral Reports. Borrower will furnish to Lender (ia) a sales revenue and collections report and accounts receivable aging schedule on a form acceptable to Lender within fifteen (15) days after the end of each calendar month, which shall include, but not be limited towithout limitation, a report listing of sales, credits issued, and collections received; (iib) payable payables aging schedules within fifteen (15) days after the end of each calendar month; (iiic) internally prepared monthly financial statements for Borrower, certified by the chief financial officer of Borrower, within forty-five (45) days of the end of each calendar month, accompanied by management analysis and actual vs. budget variance reports; (ivd) to the extent prepared by Borrower, annual projections, profit and loss statements, balance sheets, and cash flow reports (prepared on a monthly quarterly basis) for the succeeding fiscal year year, which, on a preliminary basis, shall be delivered within thirty (30) days before the end of each of Borrower's fiscal years, with a final version to be provided on or before February 28 of the subject year; (ve) internally prepared annual financial statements for Borrower within sixty (60) days after the end of each of Borrower's fiscal years, subject to annual audit adjustments;