Common use of Financial Statements and Other Current Information Clause in Contracts

Financial Statements and Other Current Information. As soon as reasonably practicable after they become available, but in no event more than 30 days after the end of each calendar month ending after the date of this Agreement, Hxxxxx United shall furnish to TD Banknorth (a) consolidated and consolidating financial statements (including balance sheets, statements of operations and stockholders’ equity) of Hxxxxx United and each of its Subsidiaries as of and for such month then ended, (b) internal management financial control reports showing actual financial performance against plan and previous period and (c) any reports provided to the Hxxxxx United Board or any committee thereof relating to the financial and risk performance of Hxxxxx United. In addition, Hxxxxx United shall furnish TD Banknorth with a copy of each report filed by Hxxxxx United or any of its Subsidiaries with a Governmental Entity within three Business Days following the filing thereof. As soon as practicable after they become available, but in no event more than 30 days after the end of each calendar month ending after the date of this Agreement, TD Banknorth shall furnish to Hxxxxx United consolidated financial statements (including a balance sheet and statement of operations) of TD Banknorth and its Subsidiaries as of and for such month then ended. All information furnished by Hxxxxx United or TD Banknorth pursuant to this Section 7.9 shall be held in confidence to the same extent as the receiving party’s obligations under Section 7.2(c).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Hudson United Bancorp), Agreement and Plan of Merger (Toronto Dominion Bank), Agreement and Plan of Merger (Td Banknorth Inc.)

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Financial Statements and Other Current Information. As soon as reasonably practicable after they become available, but in no event more than 30 days after the end of each calendar month ending after the date of this Agreement, Hxxxxx United Banknorth shall furnish to TD Banknorth (a) consolidated and consolidating financial statements (including balance sheets, statements of operations and stockholders’ equity) of Hxxxxx United Banknorth and each of its Subsidiaries as of and for such month then ended, (b) internal management financial control reports showing actual financial performance against plan and previous period and (c) any reports provided to the Hxxxxx United Board board of directors of Banknorth or any committee thereof relating to the financial and risk performance of Hxxxxx UnitedBanknorth. In addition, Hxxxxx United Banknorth shall furnish TD Banknorth with a copy of each report filed by Hxxxxx United Banknorth or any of its Subsidiaries with a Governmental Entity within three Business Days following the filing thereof. As soon as reasonably practicable after they become available, but in no event more than 30 days after the end of each calendar month ending after the date of this Agreement, TD Banknorth shall furnish to Hxxxxx United consolidated Banknorth such monthly financial statements (including a balance sheet and statement of operations) of reports relating to TD Banknorth and its Subsidiaries as of are customarily prepared and for such month then endedfurnished to TD’s senior executives. All information furnished by Hxxxxx United or Banknorth to TD and by TD to Banknorth pursuant to this Section 7.9 6.9 shall be held in confidence to the same extent as the receiving of such party’s obligations under Section 7.2(c6.2(c).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Banknorth Group Inc/Me), Rights Agreement (Toronto Dominion Bank)

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