Common use of Other Information Rights Clause in Contracts

Other Information Rights. The Company shall furnish to each Member: (a) Within twenty (20) days after the end of each calendar month and forty-five (45) days after the end of each calendar quarter (other than for the month and calendar quarter ending simultaneously with the end of the Company’s Fiscal Year), an unaudited balance sheet of the Company as at the end of such month and unaudited statements of income and of changes in cash flow of the Company for such month and for the current Fiscal Year to the end of such month setting forth in comparative form the Company’s financial statements for the corresponding periods for the prior Fiscal Year, if any, including a comparison to the then current budget, all in reasonable detail. (b) Within ninety (90) days after the end of each Fiscal Year, an audited balance sheet of the Company as of the end of such year and audited statements of income and of changes in cash flow of the Company for such year, including comparisons to the corresponding periods in prior years, prepared in accordance with GAAP consistently applied. (c) No later than sixty (60) days prior to the start of each new Fiscal Year, the Operating Budget approved in accordance with Section 5.10, which Operating Budget shall be in reasonable detail and contain a projected financial statement for such fiscal year on a monthly basis, and operating goals for the Project, and promptly after preparation from time to time, any revisions to the forecasts contained therein. (d) Notice of any noncompliance by the Company with any Applicable Law that could reasonably be likely to have a material adverse affect on the business, assets, financial condition, prospects or results of operations of the Company. (e) Any other financial or other information available to the officers of the Company as any Member reasonably requests.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Us Geothermal Inc), Operating Agreement (Us Geothermal Inc)

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Other Information Rights. The Company shall furnish to each Member: (a) Within twenty (20) days after the end of each calendar month and forty-five (45) days after the end of each calendar quarter (other than for the month and calendar quarter ending simultaneously with the end of the Company’s Fiscal Year), an unaudited balance sheet of the Company as at the end of such month and unaudited statements of income and of changes in cash flow of the Company for such month and for the current Fiscal Year to the end of such month setting forth in comparative form the Company’s financial statements for the corresponding periods for the prior Fiscal Year, if any, including a comparison to the then current budget, all in reasonable detail. (b) Within ninety (90) days after the end of each Fiscal Year, an audited balance sheet of the Company as of the end of such year and audited statements of income and of changes in cash flow of the Company for such year, including comparisons to the corresponding periods in prior years, prepared in accordance with GAAP consistently applied. (c) No later than sixty (60) days prior to the start of each new Fiscal Year, the Operating Budget approved in accordance with Section 5.10by the Management Committee, which Operating Budget shall be in reasonable detail and contain a projected financial statement for such fiscal year on a monthly basis, and operating goals for the Project, and promptly after preparation from time to time, any revisions to the forecasts contained therein. (d) Notice of any noncompliance by the Company with any Applicable Law that could reasonably be likely to have a material adverse affect on the business, assets, financial condition, prospects or results of operations of the Company. (e) Any other financial or other information available to the officers of the Company as any Member reasonably requests.

Appears in 2 contracts

Samples: Operating Agreement (Us Geothermal Inc), Operating Agreement (Us Geothermal Inc)

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