Common use of Monthly Financial Statements and Reports Clause in Contracts

Monthly Financial Statements and Reports. Furnish to the Administrative Agent and each Lender, as soon as available and in any event within thirty (30) days after the end of each month, an unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such month, the related consolidated statement of income of the Borrower and its Subsidiaries for such month and a schedule of Service Contract operating margins for such month, certified by a Responsible Officer of the Borrower, together with a certificate of a Responsible Officer of the Borrower stating that no Default has occurred and is continuing or, if in the opinion of such officer, a Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De)

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Monthly Financial Statements and Reports. Furnish to the Administrative Agent and each Lender, as soon as available and in any event within thirty (30) days after the end of each month, an unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such month, the related consolidated statement of income of the Borrower and its Subsidiaries for such month and a schedule of Service Contract operating margins for such month, certified by a Responsible Officer of the Borrower, together with a certificate of a said 80 82 Responsible Officer of the Borrower stating that no Default has occurred and is continuing or, if in the opinion of such officer, a Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (America Service Group Inc /De)

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Monthly Financial Statements and Reports. Furnish to the Administrative Agent and each Lender, as soon as available and in any event within thirty (30) days after the end of each month, an unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such month, the related consolidated statement of income of the Borrower and its Subsidiaries for such month and a schedule of Service Contract operating margins for such month, certified by a Responsible Officer of the Borrower, together with a certificate of a said Responsible Officer of the Borrower stating that no Default or Event of Default has occurred and is continuing or, if in the opinion of such officer, a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (America Service Group Inc /De)

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