Common use of Information Undertaking Clause in Contracts

Information Undertaking. For the entire term of this Credit Agreement, the Borrower undertakes to provide the following information to UBS: 1. annually one copy of the balance sheet, the profit and loss statement and, if required by law, an audit report compliant with the legal requirements by no later than four months following the end of the financial year and consolidated annual report of Hardinge group. In the event of a change in circumstances UBS reserves the right to demand an audit report or to increase the requirements the audit report has to fulfill. 2. one copy of the budget, including the investment budget, by no later than 30 calendar days prior to commencement of the relevant fiscal year. 3. one copy of the quarterly reporting incl. balance sheet and profit and loss statement, statement of cash flow US-Gaap and development of order backlog by no later than one month following the end of the financial quarter, first due on 30 September 2009. UBS treats this information as confidential. The Borrower undertakes, for the entire term of this credit facility, to immediately inform UBS of any material changes, in particular of the occurrence, or likely occurrence, of any circumstances which might constitute grounds for extraordinary termination.

Information Undertaking. For the entire term of this Credit Agreement, the Borrower undertakes to provide the following information to UBS: 1. ) annually one copy of the balance sheet, the profit and loss statement and, if required by law, an audit report compliant with the legal requirements by no later than four months following the end of the financial year and consolidated annual report of Hardinge group. In the event of a change in circumstances UBS reserves the right to demand an audit report or to increase the requirements the audit report has to fulfill. 2. ) one copy of the budget, including the investment budget, by no later than 30 calendar days prior to commencement of the relevant fiscal year. 3. ) one copy of the quarterly reporting incl. balance sheet and profit and loss statement, statement of cash flow US-Gaap and development of order backlog by no later than one month following the end of the financial quarter, first due on 30 September 2009. UBS treats this information as confidential. The Borrower undertakes, for the entire term of this credit facility, to immediately inform UBS of any material changes, in particular of the occurrence, or likely occurrence, of any circumstances which might constitute grounds for extraordinary termination.