Common use of Periodic Financial Statements Clause in Contracts

Periodic Financial Statements. Borrower agrees to furnish Lender with a copy of its internally prepared quarterly financial statements, certified and dated by an authorized financial officer of Borrower, within 45 days after each March 31, June 30, September 30 and December 31, which financial statements shall include (a) a balance sheet as of the end of the quarter, (b) a profit and loss statement reflecting Borrower's operations during the quarter, (c) a summary of the inventory in Borrower's possession at the end of the quarter, priced at the lower of cost or market, and (d) an aged list of accounts receivable owed to Borrower at the end of the quarter. The statements shall be prepared on a consolidated and consolidating basis.

Periodic Financial Statements. Borrower agrees to furnish Lender with a copy of its internally prepared quarterly monthly financial statements, certified and dated by an authorized financial officer of Borrower, within 45 15 days after the end of each March 31, June 30, September 30 and December 31calendar month, which financial statements shall include (a) a balance sheet as of the end of the quartercalendar month, (b) a profit and loss statement reflecting Borrower's operations during the quartercalendar month, (c) a summary of the inventory in Borrower's possession at the end of the quartercalendar month, priced at the lower of cost or market, and (d) an aged list of accounts receivable owed to Borrower at the end of the quartercalendar month. The statements shall be prepared on a consolidated and consolidating basis."