Common use of Monthly Financial Reports Clause in Contracts

Monthly Financial Reports. Manager shall cause to be prepared and delivered to Tenant reasonably detailed unaudited monthly operating reports (the “Monthly Reports”) that reflect the operational results of the Managed Facility for each month of each Operating Year. Manager shall deliver each Monthly Report to Tenant on or before the twenty fifth (25th) day of the month following the month (or partial month) to which such Monthly Report relates. At a minimum, the Monthly Reports shall include: (a) a balance sheet including current and prior month and prior year-end comparisons (to the extent applicable) and differences in reasonable detail; (b) an income and expense statement for such month and for the elapsed portion of the current Operating Year through the end of such month (with comparison to previous year); (c) a statement of cash flows for such month and for the elapsed portion of the current Operating Year through the end of such month (with comparison to previous year) in reasonable detail to allow Tenant to identify and ascertain sources and uses thereof; (d) a statement of account balances in each Bank Account; and (e) such other reports or information otherwise specified in this Agreement to be provided to Tenant on a monthly basis or as Tenant and Manager may reasonably agree from time to time. Notwithstanding anything to the contrary contained in this Section 10.2, Manager shall not be obligated to deliver a Monthly Report for the last month of each calendar quarter.

Monthly Financial Reports. Manager shall cause to be prepared and delivered to Tenant Owner reasonably detailed unaudited monthly operating reports (the “Monthly Reports”) that reflect the operational results of the Managed Facility Facilities for each month of each Operating Year. Manager shall deliver each Monthly Report to Tenant Owner on or before the twenty fifth (25th) day of the month following the month (or partial month) to which such Monthly Report relates. At a minimum, the Monthly Reports shall include: (a) a balance sheet including current and prior month and prior year-end comparisons (to the extent applicable) and differences in reasonable detail; (b) an income and expense statement for such month and for the elapsed portion of the current Operating Year through the end of such month (with comparison to previous year); (c) a statement of cash flows for such month and for the elapsed portion of the current Current Operating Year through the end of such month (with comparison to previous year) in reasonable detail to allow Tenant Owner to identify and ascertain sources and uses thereof; (d) a statement of account balances in each Bank Account; (e) a computation of any installment of the Base Management Fees due following delivery of such Monthly Report; and (ef) such other reports or information otherwise specified in this Agreement to be provided to Tenant Owner on a monthly basis or as Tenant and Manager Owner may reasonably agree specify from time to time. Notwithstanding anything to the contrary contained in this Section 10.2, Manager shall not be obligated to deliver a Monthly Report for the last month of each calendar quarter. In lieu of such delivery, Manager shall deliver the Quarterly Report for the applicable calendar quarter and such Quarterly Report shall include the information that would have been included in the Monthly Report for such month pursuant to this Section 10.2.

Monthly Financial Reports. Manager shall cause to be prepared and delivered to Tenant Owner reasonably detailed unaudited monthly operating reports (the “Monthly Reports”) that reflect the operational results of the Managed Facility Facilities for each month of each Operating Year. Manager shall use commercially reasonable efforts to deliver each Monthly Report to Tenant Owner on or before the twenty fifth (25th) day of the month following the month (or partial month) to which such Monthly Report relates. At a minimum, the Monthly Reports shall include: (a) a balance sheet including current and prior month and prior year-end comparisons (to the extent applicable) and differences in reasonable detail; (b) an income and expense statement for such month and for the elapsed portion of the current Operating Year through the end of such month (with comparison to previous year); (c) a statement of cash flows for such month and for the elapsed portion of the current Current Operating Year through the end of such month (with comparison to previous year) in reasonable detail to allow Tenant Owner to identify and ascertain sources and uses thereof; (d) a statement of account balances in each Bank AccountAccount and an itemization of transfers to the Reserve Fund; (e) a computation of any installment of the Base Management Fees due following delivery of such Monthly Report; and (ef) such other reports or information otherwise specified in this Agreement to be provided to Tenant Owner on a monthly basis or as Tenant and Manager Owner may reasonably agree specify from time to time. Notwithstanding anything to the contrary contained in this Section 10.2, Manager shall not be obligated to deliver a Monthly Report for the last month of each calendar quarter. In lieu of such delivery, Manager shall deliver the Quarterly Report for the applicable calendar quarter and such Quarterly Report shall include the information that would have been included in the Monthly Report for such month pursuant to this Section 10.2.