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 board of directors to the Administrative Agent delivered at least 30 days prior to the commencement of the 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 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 board of directors boards to the Administrative Agent delivered at least 30 days prior to the commencement of the 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 draftthe