Common use of Monthly Financial Reports Clause in Contracts

Monthly Financial Reports. No later than eight (8) Business Days after the end of each month (including the last month of Parent’s fiscal year), unless otherwise agreed in writing by the Parties, Xxxx will deliver to Parent a preliminary consolidated income statement and preliminary consolidated balance sheet and, if requested by Parent, income statements and balance sheets for each Affiliate of Xxxx which is consolidated with Xxxx, for such period. Xxxx will also deliver to Parent a preliminary consolidated statement of cash flows for Xxxx for such period and, if requested, statements of cash flow for each Affiliate of Xxxx which is consolidated with Xxxx, no later than ten (10) Business Days after the end of each monthly accounting period of Xxxx (including the last monthly accounting period of Xxxx of each fiscal year). The income statements, balance sheets and statements of cash flows will be in a such format and detail as Parent may request, and the information supporting such statements shall be submitted electronically for inclusion in Parent’s financial reporting systems by such date to permit timely preparation of Parent’s consolidated financial statements. In addition, if Xxxx makes adjustments or other corrections to such financial information, adjustments or other corrections will be delivered by Xxxx to Parent as soon as practicable, and in any event within eight (8) hours thereafter.