Common use of Monthly Financial Statements and Budgets Clause in Contracts

Monthly Financial Statements and Budgets. The Company will furnish to each Investor, each Permitted Transferee and each Qualified Buyer: within thirty (30) days after the end of each month, other than the last month of the fiscal year of the Company, a copy of the consolidated and consolidating balance sheet of the Company as of the end of such month and consolidated and consolidating statements of income and of cash flows of the Company for such month, each of the foregoing balance sheets and statements to set forth in comparative form the corresponding figures for the prior fiscal period, to be in reasonable detail, to be prepared in accordance with generally accepted accounting principles, consistently applied, and to be certified, subject to normal year-end audit adjustments, by the principal financial officer of the Company that they are true and accurate in all material respects as of their dates; and as soon as possible, but in any event at least thirty (30) days prior to the beginning of each fiscal year, a budget and operating plan for such fiscal year, each approved by the Company’s Board of Directors, prepared on a monthly basis, including projected balance sheets and statements of income and changes in financial condition of the Company for such months.

Appears in 4 contracts

Samples: Convertible Preferred Stock Purchase Agreement, Series C Convertible Preferred Stock Purchase Agreement (Exa Corp), Series E Convertible Preferred Stock Purchase Agreement (Exa Corp)

AutoNDA by SimpleDocs

Monthly Financial Statements and Budgets. The Company will furnish to each the Investor, each Permitted Transferee and each Qualified Buyer: within thirty (30) days after the end of each month, other than the last month of the fiscal year of the Company, a copy of the consolidated and consolidating balance sheet of the Company as of the end of such month and consolidated and consolidating statements of income and of cash flows of the Company for such month, each of the foregoing balance sheets and statements to set forth in comparative form the corresponding figures for the prior fiscal period, to be in reasonable detail, to be prepared in accordance with generally accepted accounting principles, consistently applied, and to be certified, subject to normal year-end audit adjustments, by the principal financial officer of the Company that they are true and accurate in all material respects as of their dates; and as soon as possible, but in any event at least thirty (30) days prior to the beginning of each fiscal year, a budget and operating plan for such fiscal year, each approved by the Company’s Board of Directors, prepared on a monthly basis, including projected balance sheets and statements of income and changes in financial condition of the Company for such months.

Appears in 1 contract

Samples: Series F Convertible Preferred Stock Purchase Agreement (Exa Corp)

AutoNDA by SimpleDocs

Monthly Financial Statements and Budgets. The Company will furnish to each Investor, Investor and each Permitted Transferee and each Qualified BuyerTransferee: within thirty forty-five (3045) days after the end of each month, other than the last month of the fiscal year of the Company, a copy of the consolidated and consolidating balance sheet of the Company as of the end of such month and consolidated and consolidating statements of income and of cash flows flows. of the Company for such month, each of the foregoing balance sheets and statements to set forth in comparative form the corresponding figures for the prior fiscal period, to be in reasonable detail, to be prepared in accordance with generally accepted accounting principles, consistently applied, and and, to be certified, subject to normal year-end audit adjustments, by the principal financial officer of the Company that they are true and accurate in all material respects as of their dates; and as soon as possible, but in any event at least thirty (30) days prior to the beginning of each fiscal year, a budget and operating plan for such fiscal year, each approved by the Company’s Board of Directors, prepared on a monthly basis, including projected balance sheets and statements of income and changes in financial condition of the Company for such months.

Appears in 1 contract

Samples: Series a Preferred Stock And (Exa Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.