Common use of Financial Statements; Books and Records Clause in Contracts

Financial Statements; Books and Records. The Company shall prepare or have prepared financial statements in accordance with generally accepted accounting principles and shall keep true and proper books of records and accounts in which full and correct entries are made of all its business transactions. Copies of such financial statements shall be provided to the Authority and the Trustee promptly upon request.

Appears in 10 contracts

Samples: Control Facilities Loan Agreement (PPL Electric Utilities Corp), Control Facilities Loan Agreement (PPL Electric Utilities Corp), Exempt Facilities Loan Agreement (PPL Electric Utilities Corp)

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Financial Statements; Books and Records. The Company shall prepare or have prepared financial statements in accordance with generally accepted accounting principles and shall keep true and proper books of records and accounts in which full and correct entries are made of all its business transactions. Copies of such financial statements shall be provided to the Authority Issuer and the Trustee promptly upon request.

Appears in 2 contracts

Samples: Exempt Facilities Loan Agreement (Allegheny Energy, Inc), Exempt Facilities Loan Agreement (Allegheny Energy, Inc)

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