Common use of Periodic Financial Statements Clause in Contracts

Periodic Financial Statements. So long as any amount is owed by Borrower to Lender, Borrower and VVI will furnish Lender balance sheets and profit and loss statements in such manner and at such times as Lender may specify and such other information as Lender may from time to time reasonably request. Until notified of a change, Borrower and VVI will furnish Lender financial statements prepared in accordance with generally accepted accounting principles by Borrower's and VVI's chief financial officer within 20 days following each quarter end.