Common use of Lessor financial information Clause in Contracts

Lessor financial information. The Lessor undertakes that, if requested by the Lessee, it shall deliver to the Lessee within 14 days after the end of June and December in each year during the Lease Period an unaudited balance sheet of the Lessor stating the gross amount of the Lessor’s assets, long term liabilities and shareholders funds as at the end of the relevant half year and a profit and loss account showing the items for the relevant half year specified in the pro forma profit and loss account set out in Schedule 11, such amounts to be determined by the Lessor in accordance with the usual procedures and systems of the Lessor’s Group and provided in the format set out in Schedule 11. The Lessor shall also provide the Lessee with a copy of its annual audited accounts within 14 days of such accounts being approved by its Board of Directors, and (from time to time) such other information as shall be reasonably requested by the Lessee (and at the Lessee’s cost). The Lessee shall keep such information confidential save as otherwise required by law or as necessary for purposes of preparing consolidated accounts of the Lessee and its affiliates.