Common use of Operating Reports Clause in Contracts

Operating Reports. Within five days after the end of each month, the Company will deliver to each of the Members, monthly reports generally summarizing the operations of the Company over the past month. All such reports may be in a form (including daily report formats) agreed by the Members. Each calendar quarter or in advance of each regularly scheduled Board meeting, a more formal report will be provided to the Member Representatives containing such information as the Members may reasonably request.

Operating Reports. Within five ten days after the end of each month, the Company will deliver to each of the Members, monthly reports generally summarizing the operations of the Company over the past month. All such reports may be in a form (including daily report formats) agreed by the Members. Each calendar quarter or in advance of each regularly scheduled Governance Board meeting, a more formal report will be provided to the Member Representatives containing such information as the Members may reasonably request.