Common use of Monthly and Annual Statements Clause in Contracts

Monthly and Annual Statements. As soon as practicable: (1) after the end of each month of each fiscal year of Regional, and in any event within 45 days after the end of such period, and (2) after the end of each fiscal year of Regional, and in any event within 120 days thereafter, copies of: (i) balance sheets of Regional and its Subsidiaries as at the end of such monthly period and such year; (ii) statements of income of Regional and its Subsidiaries for such month and year; (iii) statements of cash flows of Regional and its Subsidiaries during such year; (iv) statements of changes in stockholders equity of Regional and its Subsidiaries during such year; (v) statements of material changes of accounting policies, presentations, or principles made during such year for Regional and its Subsidiaries; and (vi) notes to such financial statements. Monthly statements and annual statements shall all be in reasonable detail, fairly presenting the financial position and the results of operations, and certified as complete and correct in all material respects, subject to change as resulting from year-end adjustments, by the treasurer or chief financial officer of Holdings, Regional or the applicable Subsidiary, as appropriate. Monthly financial statements shall be prepared on an individual basis for each Borrower or Guarantor as well as on a consolidated basis for all Borrowers and Guarantors. Annual statements of Regional and its Subsidiaries (or if the financial statements of Regional and its Subsidiaries are required under GAAP to be consolidated with the financial statements of Holdings, then annual statements of Holdings and its Subsidiaries), shall be audited and prepared in accordance with GAAP and shall be accompanied by a report thereon unqualified as to scope by an independent nationally recognized certified accounting firm selected by Holdings or Regional and reasonably satisfactory to Agent. In addition, the annual statements shall be prepared on a consolidated basis, and on a consolidating basis for each of Borrowers and Guarantors.

Monthly and Annual Statements. As soon as practicable: (1) after the end of each month of each fiscal year of Regional, and in any event within 45 days after the end of such period, and (2) after the end of each fiscal year of Regional, and in any event within 120 days thereafter, copies of: (i) consolidated balance sheets of Regional and its Subsidiaries as at the end of such monthly period and such year; (ii) consolidated statements of income of Regional and its Subsidiaries for such month and year; (iii) consolidated statements of cash flows of Regional and its Subsidiaries during such year; (iv) consolidated statements of changes in stockholders equity of Regional and its Subsidiaries during such year; (v) statements of material changes of accounting policies, presentations, or principles made during such year for Regional and its Subsidiaries; and (vi) notes to such annual and quarterly financial statements. Monthly statements and annual statements shall all be in reasonable detail, fairly presenting the financial position and the results of operations, and certified as complete and correct in all material respects, subject to change as resulting from year-end adjustments, by the treasurer or chief financial officer of Holdings, Regional or the applicable Subsidiary, as appropriate. Monthly financial statements shall be prepared on an individual basis for each Borrower or Guarantor as well as on a consolidated basis for all Borrowers and Guarantors. Annual statements of Regional and its Subsidiaries (or if the financial statements of Regional and its Subsidiaries are required under GAAP to be consolidated with the financial statements of Holdings, then annual statements of Holdings and its Subsidiaries), shall be audited and prepared in accordance with GAAP and shall be accompanied by a report thereon unqualified as to scope by an independent nationally recognized certified accounting firm selected by Holdings or Regional and reasonably satisfactory to Agent. In addition, at the request of Agent, the annual statements shall be prepared on a consolidated basis, and on a consolidating basis for each of the Borrowers and Guarantors.

Monthly and Annual Statements. As soon as practicable: (1) after the end of each month of each fiscal year of Regional, and in any event within 45 days after the end of such period, and (2) after the end of each fiscal year of Regional, and in any event within 120 days thereafter, copies of: (i) balance sheets of Regional and its Subsidiaries as at the end of such monthly period and such year; (ii) statements of income of Regional and its Subsidiaries for such month and year; (iii) statements of cash flows of Regional and its Subsidiaries during such year; (iv) statements of changes in stockholders equity of Regional and its Subsidiaries during such year; (v) statements of material changes of accounting policies, presentations, or principles made during such year for Regional and its Subsidiaries; and (vi) notes to such financial statements. Monthly statements and annual statements shall all be in reasonable detail, fairly presenting the financial position and the results of operations, and certified as complete and correct in all material respects, subject to change as resulting from year-end adjustments, by the treasurer or chief financial officer of Regional Holdings, Regional or the applicable Subsidiary, as appropriate. Monthly financial statements shall be prepared on an individual basis for each Borrower or Guarantor as well as on a consolidated basis for all Borrowers and Guarantors. Annual statements of Regional and its Subsidiaries (or if the financial statements of Regional and its Subsidiaries are required under GAAP to be consolidated with the financial statements of Regional Holdings, then annual statements of Regional Holdings and its Subsidiaries), shall be audited and prepared in accordance with GAAP and shall be accompanied by a report thereon unqualified as to scope by an independent nationally recognized certified accounting firm selected by Regional Holdings or Regional and reasonably satisfactory to Agent. In addition, the annual statements shall be prepared on a consolidated basis, and on a consolidating basis for each of the Borrowers and Guarantors.

Monthly and Annual Statements. As soon as practicable: (1) after the end of each month of each fiscal year of Regional, and in any event within 45 days after the end of such period, and (2) after the end of each fiscal year of Regional, and in any event within 120 days thereafter, copies of: (i) consolidated balance sheets of Regional and its Subsidiaries as at the end of such monthly period and such year; (ii) consolidated statements of income of Regional and its Subsidiaries for such month and year; (iii) consolidated statements of cash flows of Regional and its Subsidiaries during such year; (iv) consolidated statements of changes in stockholders equity of Regional and its Subsidiaries during such year; (v) statements of material changes of accounting policies, presentations, or principles made during such year for Regional and its Subsidiaries; and (vi) notes to such annual and quarterly financial statements. Monthly statements and annual statements shall all be in reasonable detail, fairly presenting the financial position and the results of operations, and certified as complete and correct in all material respects, subject to change as resulting from year-end adjustments, by the treasurer or chief financial officer of Regional Holdings, Regional or the applicable Subsidiary, as appropriate. Monthly financial statements shall be prepared on an individual basis for each Borrower or Guarantor as well as on a consolidated basis for all Borrowers and Guarantors. Annual statements of Regional and its Subsidiaries (or if the financial statements of Regional and its Subsidiaries are required under GAAP to be consolidated with the financial statements of Regional Holdings, then annual statements of Regional Holdings and its Subsidiaries), ) shall be audited and prepared in accordance with GAAP and shall be accompanied by a report thereon unqualified as to scope by an independent nationally recognized certified accounting firm selected by Regional Holdings or Regional and reasonably satisfactory to Agent. In addition, at the request of Agent, the annual statements shall be prepared on a consolidated basis, and on a consolidating basis for each of the Borrowers and Guarantors.