Quarterly and Monthly Reports. (a) Not later than forty-five (45) days following the end of the first three fiscal quarters, and within ninety (90) days after the end of the fourth fiscal quarter, Borrower or Leasehold Pledgor shall deliver (or cause Owner or Operating Lessee to deliver) to Lender unaudited consolidated financial statements of Owner and Operating Lessee, internally prepared on an accrual basis including a consolidated balance sheet as of the end of such quarter and profit and loss statements for the quarter and year then ended compared to the corresponding period of the previous Fiscal Year, Individual Property-level profit and loss statements for the previous twelve (12) months then ended, and a summary report detailing monthly occupancy, including average daily rate, made available to Borrower or Leasehold Pledgor for the subject quarter. Such statements for each quarter shall be accompanied by an Officer’s Certificate certifying to the best of the signer’s knowledge, (A) that such statements fairly represent the financial condition and results of operations of Owner and Operating Lessee and the Properties on a combined basis as well as each Individual Property (subject to normal year-end adjustments), (B) that as of the date of such Officer’s Certificate, no Event of Default exists under this Agreement, the Note or any other Loan Document or, if so, specifying the nature and status of each such Event of Default and the action then being taken by Borrower or proposed to be taken to remedy such Event of Default, (C) that as of the date of each Officer’s Certificate, no litigation exists involving Borrower, Leasehold Pledgor, Owner, the Collateral or any Individual Property or the Properties in which the amount involved is $1,000,000 (in the aggregate) or more or in which all or substantially all of the potential liability is not covered by insurance, or, if so, specifying such litigation and the actions being taking in relation thereto, (D) the amount by which actual Operating Expenses were greater than or less than the Operating Expenses anticipated in the applicable Annual Budget, and (E) a calculation reflecting the Debt Yield as of the last day of such fiscal quarter. Such financial statements shall contain such other information as shall be reasonably requested by Lender for purposes of calculations to be made by Lender pursuant to the terms hereof. All calculations of the Debt Yield shall be subject to verification by Lender; and
Quarterly and Monthly Reports. (a) Not later than forty five (45) days following the end of each calendar month, Borrower shall deliver to Lender, (i) a consolidated profit and loss statement for the month and for the previous twelve (12) months then ended for an entity required to report 100% of the consolidated financial results of Borrowers and the Properties in accordance with GAAP (excluding, for the avoidance of doubt, any entity that is required to include within its consolidated financial results in accordance with GAAP any assets that are not collateral for the Loan or any Mezzanine Loan) (“Holdco”) (which, to the extent required by GAAP, shall separately denote any “non-controlling” or “minority” interest in the earnings of any subsidiary of Holdco), (ii) for each Individual Property, a profit and loss statement on a trailing twelve month basis and (iii) the monthly STAR Report with respect to each Individual Property. Furthermore, not later than April 15 of each year in which the Maturity Date will occur, Borrower shall deliver to Lender a calculation reflecting the Debt Yield as of the last day of February of such calendar year. The statements for each month required under clauses (i) and (ii) above, and the Debt Yield calculation required under the immediately preceding sentence, shall be accompanied by an Officer’s Certificate certifying to the best of the signer’s knowledge that such statements fairly represent the results of operations of Holdco (taking into account any “non-controlling” or “minority” interest in the earnings of any subsidiary of Holdco) and the Properties and/or the Debt Yield calculation, as applicable.
Quarterly and Monthly Reports. Within 45 days after the end of ----------------------------- each month and each fiscal quarter, an unaudited financial report of the Corporation, which report shall be prepared in accordance with generally accepted accounting principles consistently applied (except that the financial report may (i) be subject to normal year-end audit adjustments neither individually nor in the aggregate material and (ii) not contain all notes thereto which may be required in accordance with generally accepted accounting principles) and shall be certified by either the Chief Executive Officer or the Chief Financial officer of the Corporation to have been so prepared, and which shall include the following:
Quarterly and Monthly Reports. (i) As soon as available and in any event within 46 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end of such Fiscal Quarter, the related consolidated statement of operations for such Fiscal Quarter and the related consolidated statements of cash flows for the portion of the Fiscal Year ended at the end of such Fiscal Quarter, setting forth in the case of each such statement of cash flows in comparative form the figures for the corresponding period in the previous Fiscal Year, all certified (subject to normal year end adjustments) as to fairness of presentation and consistency with GAAP by the Borrower’s chief executive officer, chief financial officer or chief accounting officer and (ii) within 45 days after the end of the first two fiscal months in each Fiscal Quarter, a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end of such fiscal month, the related consolidated statement of operations for such fiscal month and the related consolidated statements of cash flow for that portion of the current Fiscal Year ending as of the close of such month, setting forth in the case of each such statement of cash flow in comparative form the figures for the corresponding period in the previous Fiscal Year, all certified (subject to normal year end adjustments) as to fairness of presentation and consistency with GAAP by the Borrower’s chief executive officer, chief financial officer or chief accounting officer.
Quarterly and Monthly Reports. (a) Within forty-five (45) days after the end of each fiscal quarter of Upper Tier Borrower the Administrative Agent shall provide a written summary of the status of Upper Tier Borrower’s Small Business Loan portfolio, which such summary shall include, without limitation, the following information:
Quarterly and Monthly Reports. (A) Within forty five (45) days after the end of each fiscal quarter of the City, the City will deliver to the Bank (i) financial statements (which delivery shall be deemed to have occurred upon such financial statements becoming available at xxxx://xxx.xxxxxxxxxxxxxxxxxx.xxx/ and notice of such posting having been provided to the Bank) consisting of a statement of net position and cash balances of the Community Energy Program as at the end of such fiscal quarter and a statement of revenues and expenses and a statement of cash flows of the Community Energy Program for such fiscal quarter, (ii) the aggregate principal amount of outstanding Debt payable by the Commercial Energy Program to the City or the Authority, if any, as of such date and (iii) statistics on number of consumers enrolled in Community Energy and energy-usage statistics therefor, the foregoing together accompanied by a letter from two Authorized Officers addressed to the Bank, substantially in the form of Exhibit D attached hereto, (x) stating that no Potential Event of Default or Event of Default has occurred, or if such an event has occurred, indicating the nature of such event and the action which the City proposes to take with respect thereto and (y) demonstrating compliance with Sections 5.14 and 5.15 hereof as of the end of such fiscal quarter, and (B) within fifteen (15) Business Days after July 31, 2021 and the last day of each month thereafter, the City will deliver to the Bank a trial balance showing the cash balances of the Community Energy Program as at the end of such month;
Quarterly and Monthly Reports. The Borrower shall furnish to the Lender as soon as available and, in any event, within 45 days after the end of each of the first three fiscal quarters of the Borrower, the internally prepared Consolidated and separately prepared balance sheets of the Borrower and its Subsidiaries as of the end of such fiscal quarter, the Consolidated and separately prepared statements of income, changes in the Borrower's members' equity and of cash flows of the Borrower and its Subsidiaries for such fiscal quarter and for the portion of the fiscal year then ended (all in reasonable detail) and comparative figures for the same period in the preceding fiscal year, all accompanied by:
Quarterly and Monthly Reports. Borrower shall provide or cause to be provided to Administrative Agent, reported separately as indicated below:
Quarterly and Monthly Reports. Borrower and Hotel Lessee shall provide or cause to be provided to Administrative Agent, reported separately as indicated below:
Quarterly and Monthly Reports. Within 30 days after the end of each calendar quarter, Pioneer shall submit to Banc One reports which set forth, with respect to each Project, other than a so-called "build-to-suit" Project, which is completed, for the elapsed portion of the then current Fiscal Year (up to and including the calendar quarter then ended), and to the extent of information then reasonably obtainable, a summary of the sales and leasing status of such Project containing such information and in such form as is reasonably acceptable to Banc One, including current market sales and rental conditions for buildings similar to such Project, the actual sales, rental and other income received from such Project, a summary of sale and leasing efforts, leasing status, a summary of brokerage fees and other transaction costs, updated capital improvement budgets, operating budgets and tenant improvement budgets, and a description of the material terms of any current negotiations or discussions with prospective tenants or purchasers and a list of the names or types of tenants or purchasers which Pioneer intends to solicit as prospective tenants or purchasers. In addition, with respect to any Project which is being newly constructed, Pioneer shall submit, within 30 days after the end of each calendar quarter, with respect to the elapsed portion of the then current Fiscal Year (up to and including the calendar quarter then ended), an updated construction budget, setting forth in comparative form the amounts provided for in
