Common use of Management Accounts and Financial Statements Clause in Contracts

Management Accounts and Financial Statements. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and AerCo Group: (i) establish an accounting system and maintain the accounting ledgers of and for each Person within AerCo Group and their Subsidiaries in accordance with accounting principles generally accepted in the United Kingdom, ("U.K. GAAP"), unless otherwise required by Applicable Law and specified by the relevant board of directors of Persons within AerCo Group (collectively, the "LEDGERS"); (ii) prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 75 days after the end of such Year), with respect to AerCo Group, on a consolidated basis, a draft balance sheet and draft statement of changes in shareholders' equity or residual trust interest as of the end of each Quarter and Year, as applicable, and draft statements of income and cash flows for each Quarter and Year, as applicable (the "CONSOLIDATED QUARTERLY DRAFT ACCOUNTS"); (iii) to the extent required by Applicable Law, prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 90 days after the end of such Year), with respect to AerCo Group and such Persons within AerCo Group as specified by the relevant board of directors of Persons within AerCo Group in a written schedule provided to the Administrative Agent (which schedule may be updated by such boards to the Administrative Agent delivered at least 30 days prior to the commencement of the

Management Accounts and Financial Statements. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and AerCo Group: (i) establish an accounting system and maintain the accounting ledgers of and for each Person within AerCo Group and their Subsidiaries in accordance with accounting principles generally accepted in the United Kingdom, ("U.K. GAAP"), unless otherwise required by Applicable Law and specified by the relevant board of directors of Persons within AerCo Group (collectively, the "LEDGERS"); (ii) prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 75 days after the end of such Year), with respect to AerCo Group, on a consolidated basis, a draft balance sheet and draft statement of changes in shareholders' equity or residual trust interest as of the end of each Quarter and Year, as applicable, and draft statements of income and cash flows for each Quarter and Year, as applicable (the "CONSOLIDATED QUARTERLY DRAFT ACCOUNTS"); (iii) to the extent required by Applicable Law, prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 90 days after the end of such Year), with respect to AerCo Group and such Persons within AerCo Group as specified by the relevant board of directors of Persons within AerCo Group in a written schedule provided to To the Administrative Agent (which schedule may be updated by such boards board of directors to the Administrative Agent delivered at least 30 days prior to the commencement of thethe relevant Quarter), on a consolidating company-by-company basis, a draft balance sheet and statement of changes in shareholders' equity or residual trust interest as of the end of each Quarter and Year, as applicable, with respect to such Person and draft

Management Accounts and Financial Statements. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and AerCo Group: (i) establish an accounting system and maintain the accounting ledgers of and for each Person within AerCo Group and their Subsidiaries in accordance with accounting principles generally accepted 19 24 in the United Kingdom, ("U.K. GAAP"), unless otherwise required by Applicable Law and specified by the relevant board of directors boards of Persons within AerCo Group (collectively, the "LEDGERS"); (ii) prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 75 days after the end of such Year), with respect to AerCo Group, on a consolidated basis, a draft balance sheet and draft statement of changes in shareholders' equity or residual trust interest as of the end of each Quarter and Year, as applicable, and draft statements of income and cash flows for each Quarter and Year, as applicable (the "CONSOLIDATED QUARTERLY DRAFT ACCOUNTS"); (iii) to the extent required by Applicable Law, prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 90 days after the end of such Year), with respect to AerCo Group and such Persons within AerCo Group as specified by the relevant board of directors boards of Persons within AerCo Group in a written schedule provided to the Administrative Agent (which schedule may be updated by such boards to the Administrative Agent delivered at least 30 days prior to the commencement of thethe relevant Quarter), on a consolidating company-by-company basis, a draft balance sheet and statement of changes in shareholders' equity or residual trust interest as of the end of each Quarter and Year, as applicable, with respect to such Person and draft statements of income and cash flows for such Quarter and Year, as applicable (the "CONSOLIDATING QUARTERLY DRAFT ACCOUNTS" and, together with the Consolidated Quarterly Draft Accounts the "DRAFT ACCOUNTS"). The board of AerCo shall specify the applicable legal requirements mandating the preparation of such Consolidating Quarterly Draft Accounts in the written schedule provided to the Administrative Agent pursuant to this section; (iv) arrange for, coordinate with and assist AerCo Group's auditors in preparing annual audits; (v) prepare or arrange for the preparation of and arrange for the filing of AerCo Group's tax returns in conjunction with AerCo Group's tax advisers after submission to the board of directors to the extent required by the board or Applicable Law; (vi) compare the expected cash flows of AerCo Group, as provided by the Cash Manager, and the budgets to actual results.

Management Accounts and Financial Statements. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and AerCo GroupAirplanes Limited, Holding Co. and AeroUSA: (i) establish an accounting system and maintain the accounting ledgers of and for Airplanes Limited, Airplanes Trust and each Person within AerCo Group and of their Subsidiaries in accordance with accounting principles generally accepted in the United Kingdom, ("U.K. GAAP")States, unless otherwise required by Applicable Law and specified by the relevant board of directors boards of Persons within AerCo Airplanes Group (collectively, the "LEDGERS");“Ledgers”);‌ (ii) prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 75 days after the end of such Year, or in both cases as directed by the relevant boards of Persons within Airplanes Group), with respect to AerCo Airplanes Limited, Airplanes Trust and Airplanes Group), on a consolidated basis, a draft balance sheet and draft statement of changes in shareholders' ’ equity or residual trust interest as of the end of each Quarter and Year, as applicable, and draft statements of income and cash flows for each Quarter and Year, as applicable (the "CONSOLIDATED QUARTERLY DRAFT ACCOUNTS");“Consolidated Quarterly Draft Accounts”);‌ (iii) to the extent required by Applicable Law, prepare and deliver (within 40 days after the end of the relevant Quarter or, if the end of such Quarter coincides with the end of a Year, within 90 days after the end of such Year, or in both cases as directed by the relevant boards of Persons within Airplanes Group), with respect to AerCo Airplanes Group on a combined basis and such Persons within AerCo Group of Airplanes Limited, Airplanes Trust and their Subsidiaries as specified by the relevant board of directors boards of Persons within AerCo Airplanes Group in a written schedule provided to the Administrative Agent (which schedule may be updated by such boards to the Administrative Agent delivered at least 30 days prior to the commencement of thethe relevant Quarter), on a consolidating company-by-company basis, a draft balance sheet and statement of changes in shareholders’ equity or, residual trust interest as of the end of each Quarter and Year, as applicable, with respect to such Person and draft statements of income and cash flows for such Quarter and Year, as applicable (the “Consolidating Quarterly Draft Accounts” and, together with the Consolidated Quarterly Draft Accounts the “Draft Accounts”). The boards of Airplanes Trust, Airplanes Limited, Holding Co. or AeroUSA, as the case may be, shall specify the applicable legal requirements mandating the preparation of such Consolidating Quarterly Draft Accounts in the written schedule provided to the Administrative Agent pursuant to this section;‌ (iv) as required by the relevant boards of Persons within Airplanes Group, arrange and manage the quarterly review of the Draft Accounts by Airplanes Group’s auditors; (v) arrange for, coordinate with and assist Airplanes Group’s auditors in preparing annual audits; (vi) prepare or arrange for the preparation of and arrange for the filing of Airplanes Group’s tax returns in conjunction with Airplanes Group’s tax advisers after submission to the relevant boards of directors or controlling trustees to the extent required by such boards or Applicable Law; and (vii) [Intentionally deleted] (viii) [Intentionally deleted] (ix) [Intentionally deleted]