Common use of Monthly Financial Statements of Borrower Clause in Contracts

Monthly Financial Statements of Borrower. Within thirty (30) days after the last day of each calendar month, internally prepared financial statements of Borrower (including, but not necessarily limited to, balance sheets and a related statement of income), showing the financial position and results of operations of Borrower as of and for such month and for the period from the beginning of the current fiscal year to the last day of such month, together with a certificate executed by Borrower certifying that such financial statements present fairly the financial position of Borrower as of the last day of such periods in conformity with GAAP, or other method of accounting acceptable to Bank (except as to reasonable year end adjustments and the absence of notes with respect to interim financial statements);

Appears in 1 contract

Samples: Loan Agreement (United Development Funding IV)

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Monthly Financial Statements of Borrower. Within thirty (30) days after the last day of each calendar month, internally prepared financial statements of Borrower (including, but not necessarily limited to, balance sheets and a related statement of income), showing the financial position and results of operations of Borrower as of and for such month and for the period from the beginning of the current fiscal year to the last day of such month, together with a certificate executed by Borrower certifying that such financial statements present fairly the financial position of Borrower as of the last day of such periods in conformity with GAAP, or other method of accounting acceptable to Bank (except as to reasonable year year-end adjustments and the absence of notes with respect to interim financial statements);

Appears in 1 contract

Samples: Loan Agreement (United Development Funding IV)

Monthly Financial Statements of Borrower. Within thirty thirty-five (3035) days after the last day of each calendar month, internally prepared financial statements of Borrower (including, but not necessarily limited to, balance sheets and a related statement of income), showing the financial position and results of operations of Borrower as of and for such calendar month and for the period from the beginning of the current fiscal year to the last day of such calendar month, together with a certificate executed by Borrower certifying that such financial statements present fairly the financial position of Borrower as of the last day of such periods in conformity with GAAP, or other method of accounting acceptable to Bank (except as to reasonable year end adjustments and the absence of notes with respect to interim financial statements);

Appears in 1 contract

Samples: Loan Modification Agreement (United Development Funding Income Fund V)

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Monthly Financial Statements of Borrower. Within thirty (30) days after the last day of each calendar month, internally prepared financial statements of Borrower (including, but not necessarily limited to, balance sheets and a related statement of income), showing the financial position and results of operations of Borrower as of and for such calendar month and for the period from the beginning of the current fiscal year to the last day of such calendar month, together with a certificate executed by Borrower certifying that such financial statements present fairly the financial position of Borrower as of the last day of such periods in conformity with GAAP, or other method of accounting acceptable to Bank (except as to reasonable year end adjustments and the absence of notes with respect to interim financial statements);

Appears in 1 contract

Samples: Loan Agreement (United Development Funding Income Fund V)

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