Quarterly and Annual Reporting. Ceding Company shall deliver to Reinsurer and Reinsurer shall deliver to Ceding Company (a) a copy of its unaudited annual statement (Blue Book) within five (5) Business Days following the filing thereof with the Relevant Regulatory Authority but no later than March 5 of each year, (b) a copy of its audited annual statutory financial statements within five (5) Business Days following the filing thereof with the Relevant Regulatory Authority but no later than June 5 of each year and (c) a copy of its unaudited quarterly statutory financial statements within five (5) Business Days following the filing thereof with the Relevant Regulatory Authority but no later than fifty (50) calendar days after the end of each calendar quarter. Upon request, Administrator shall promptly provide the other party with any additional information related to the Reinsured Policies that the other party reasonably requires to complete its financial statements. Administrator acknowledges that timely and correct compliance with the reporting requirements of this Agreement are material elements of the Administrator’s responsibilities hereunder and an important basis of the other party’s ability to assess the risks hereunder. Material noncompliance with reporting requirements, including extended delays, will constitute a material breach of the terms of this Agreement.
Quarterly and Annual Reporting. Provide quarterly and annual reports to the City, summarizing the following:
A. Administration of the DBC
(i) Financial Reporting – including but not limited to a current balance sheet.
(ii) Membership Summary: A description and count of current members alongside the number of new memberships acquired within the reporting period.
Quarterly and Annual Reporting. The Borrower Parties shall deliver the following, in a form and substance reasonably satisfactory to the Administrative Agent:
(a) Annual Financial Statements As soon as available, but no later than the earlier of: (x) the date such financial statements are made publicly available; (y) the date such financial statements are filed with the Securities and Exchange Commission; or (z) 120 days after the end of each Reporting Party’s fiscal year, (i) an audited report setting forth, as of the end of such fiscal year, each Reporting Party’s consolidated balance sheet, income statement, and related notes, (ii) an unqualified opinion of a nationally-recognized firm of independent certified public accountants, stating that such financial statements present fairly the financial condition and results of operations of each Reporting Party (without qualification, exception or any other statement which has the effect of modifying the opinion given therein), and
(b) Investor Contact Details Concurrently with annual financial statements, and within 3 Business Days of reasonable written request by the Administrative Agent, the current contact details of each Investor, in each case only if the contact details have changed since their last delivery.
(c) Quarterly Financial Statements As soon as available, but no later than the earlier of: (x) the date such financial statements are made publicly available; (y) the date such financial statements are filed with the Securities and Exchange Commission; or (z) 90 days after the end of each of the first 3 fiscal quarters of each Reporting Party, (i) an unaudited report setting forth, as of the end of such fiscal quarter, each Reporting Party’s balance sheet, income statement, and related notes, and (ii) any reports delivered to the Investors, as a group, regarding investments or the performance of the Borrower Parties.
(d) Compliance Certificate and Organization Chart Concurrently with financial statements, a compliance certificate in the form of Exhibit C, and a current structure chart of the Borrower Parties, if the chart has changed since its last delivery.
Quarterly and Annual Reporting. The Borrower Parties shall deliver the following, in a form and substance reasonably satisfactory to the Administrative Agent:
(a) Annual Financial Statements As soon as available, but no later than the earlier of: (x) the date such financial statements are made publicly available; (y) the date such financial statements are filed with the Securities and Exchange Commission; or (z) 120 days after the end of each Reporting Party’s fiscal year, (i) an audited report setting forth, as of the end of such fiscal year, each Reporting Party’s consolidated balance sheet, income statement, and related notes, (ii) an unqualified opinion of a nationally-recognized firm of independent certified public accountants, stating that such financial statements present fairly the financial condition and results of operations of each Reporting Party (without qualification, exception or any other statement which has the effect of modifying the opinion given therein), and (iii) any reports delivered to the Investors, as a group, regarding investments or the performance of the Borrower Parties. (b) Investor Contact Details USActive 60742384.160742384.3 20
Quarterly and Annual Reporting. The Borrower Parties shall deliver the following, in a form and substance reasonably satisfactory to the Lender:
Quarterly and Annual Reporting. The School shall provide financial statements in accordance with the Financial Transparency Act and as noted in attached reporting schedule. These reports must include exact dollars and cent amounts. Amounts are not to be rounded and the formats must comply with C.R.S. 00-00-000. The School shall also submit quarterly reports concerning its operations in a format reasonably acceptable to the District., with such reports to be submitted in accordance with the attached reporting schedule. The School shall be responsible for providing to the School District upon written request, written revenue and expenditure reports with comparisons to budget and a financial statement that reports the costs of administration, instruction, and other spending categories, consistent with the format required by state law.
8.10.1 In the event the School fails to submit complete and accurate reports or data to the District in the formats required and by the deadlines established in this Contract, the District may give the School notice of such failure and an opportunity to cure during the next 15 business days. Such notice shall be given in accordance with the provisions of subparagraph 12.3 below. The cure period shall commence upon the first receipt of notice by one of the School’s designees. Should the School fail to provide complete and accurate reports or data within the fifteen day cure period, the District may thereafter withhold up to $10,000.00 from the next monthly payment due from the District until such time as complete data is received by the District.
8.10.2 Upon receipt of complete data, the District will release any funds withheld under this section within forty-eight (48) hours. The reports that may trigger withholding under this section are those listed in Exhibit E to this Contract. The parties may update Exhibit E from time to time to reflect any changes in required reporting made during the term of this Contract
