Quarterly Financial Clause Samples
The Quarterly Financial clause requires a party, typically a company or organization, to provide financial statements or reports on a quarterly basis. In practice, this means that every three months, the obligated party must prepare and deliver up-to-date financial information, such as balance sheets, income statements, or cash flow statements, to another party, often a lender, investor, or regulatory body. This clause ensures regular financial transparency and allows stakeholders to monitor the financial health and performance of the entity, thereby reducing the risk of undisclosed financial issues and supporting informed decision-making.
Quarterly Financial. As soon as available and in any event within 45 days after the end of each of the first three quarters of each Fiscal Year, a Consolidated balance sheet of Borrower and its Subsidiaries as of the end of such quarter and Consolidated statement of income of Borrower and its Subsidiaries for the period commencing at the end of the previous fiscal quarter and ending with the end of such fiscal quarter and a Consolidated statement of income of Borrower and its Subsidiaries for the period commencing at the end of the previous Fiscal Year and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures for the corresponding period of the preceding Fiscal Year, all in reasonable detail and duly certified (subject to year-end audit adjustments) by the chief financial officer of Borrower as having been prepared in accordance with GAAP, together with a certificate of said officer stating that no Default has occurred and is continuing or, if a Default has occurred and is continuing, a statement as to the nature thereof and the action that Borrower has taken and proposes to take with respect thereto.
Quarterly Financial. As soon as available and in any event within 45 days after the end of each of the first three quarters of each fiscal year, the unaudited consolidated balance sheet of Aerial and its Subsidiaries as of the end of such quarter and consolidated statements of operations and cash flows of Aerial and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures for the corresponding period of the preceding fiscal year, all in reasonable detail and duly certified (subject to year-end audit adjustments) by the chief financial officer of Aerial as having been prepared in accordance with GAAP, together with a compliance certificate signed by the chief financial officer of Aerial.
Quarterly Financial. As soon as available and in any event within 45 days after the end of each of the first three quarters of each Fiscal Year, a Consolidated balance sheet of Borrower and its Subsidiaries as of the end of such quarter and Consolidated statement of
Quarterly Financial. As soon as available and in any event ------------------- within 60 days after the end of each of the first three quarters of each fiscal year of the Borrower, the Borrower will furnish to the Administrative Agent, with sufficient copies for each Lender, a Consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such quarter and Consolidated statements of operations and cash flows of the Borrower and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures for the corresponding period of the preceding fiscal year in reasonable detail and duly certified (subject to year-end audit adjustments) by a senior financial officer of the Borrower as having been prepared in accordance with GAAP, together with (i) a certificate of said officer in substantially the form of Exhibit D (A) stating that no Default has occurred and is continuing or, if a Default has occurred and is continuing, setting forth a statement as to the nature thereof and the action that the Borrower has Credit Agreement ---------------- taken and proposes to take with respect thereto and (B) stating that since the last fiscal quarter, there has been no Material Adverse Change and (ii) a schedule in form satisfactory to the Administrative Agent of the computations used by the Borrower in determining compliance with the covenants contained in Section 5.04 and, commencing in the first quarter of the year 2001, showing the calculations of Excess Cash Flow (as defined in the Subordination and Amendment Agreement) for such quarter.
Quarterly Financial. As soon as available and in any event within sixty (60) days after the end of each of the first three quarters of each Fiscal Year, an unaudited Consolidated balance sheet of the Guarantor and its Subsidiaries as of the end of such quarter and Consolidated statement of income of the Guarantor and its Subsidiaries for the period commencing at the end of the previous fiscal quarter and ending with the end of such fiscal quarter and a Consolidated statement of income of the Guarantor and its Subsidiaries for the period commencing at the end of the previous Fiscal Year and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures for the corresponding period of the preceding Fiscal Year, all in reasonable detail and duly certified (subject to year-end audit adjustments) by the chief financial officer of the Guarantor as having been prepared in accordance with GAAP, together with a certificate of said officer stating that no default under this Guaranty or Material Adverse Effect has occurred and is continuing or, if a default or Material Adverse Effect has occurred and is continuing, a statement as to the nature thereof and the action that the Guarantor has taken and proposes to take with respect thereto. Notwithstanding the foregoing, provided that the Guarantor files a Form 10-Q with the Securities & Exchange Commission ("SEC") and provides a copy of same to Lender within five (5) Business Days of the filing of such report with the SEC, such report shall satisfy the conditions of the this subparagraph (b), provided that the Guarantor provides to Lender with such report a certificate of an officer of the Guarantor stating that no default under this Guaranty or Material Adverse Effect has occurred and is continuing or, if a default or Material Adverse Effect has occurred and is continuing, a statement as to the nature thereof and the action that the Guarantor has taken and proposes to take with respect thereto.
Quarterly Financial. As soon as available and in any event within 60 days after the end of the each of the first three quarters of each fiscal year of the Borrower, balance sheets of the Borrower as of the end of such quarter and income and cash flows of the Borrower for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, all in reasonable detail and duly certified (subject to year-end audit adjustments) by the chief financial officer of the Borrower as having been prepared in accordance with generally accepted accounting principles and a certificate of the chief financial officer of the Borrower stating (i) that no Default has occurred and is continuing or, if a Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower has taken or proposes to take with respect thereto.
Quarterly Financial. As soon as available and in any event within 60 days after the end of the each of the first three quarters of each fiscal year of the Borrower, consolidated balance sheets of the Borrower and its Subsidiaries as of the end of such quarter and consolidated of income and cash flows of the Borrower and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, all in reasonable detail and duly certified (subject to year-end audit adjustments) by the chief financial officer of the Borrower as having been prepared in accordance with generally accepted accounting principles and a certificate of the chief financial officer of the Borrower stating (i) that no Default has occurred and is continuing or, if a Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower has taken or proposes to take with respect thereto.
Quarterly Financial. Statements. As soon as available and in any event within 45 days after the end of each fiscal quarter of the Company, the Company's quarterly Consolidated balance sheets as at the end of the immediately preceding fiscal quarter and the Company's Consolidated statements of operations and of cash flows for the portion of the fiscal year ended with the last day of such fiscal quarter, all in reasonable detail and certified by a senior financial officer of the Company (subject to year-end audit adjustments). To the extent that any Unconsolidated Subsidiaries exist during any such fiscal quarter, the Company will with such quarterly Consolidated financial statements provide a separate balance sheet as of the same date, and separate statements of operations and of cash flows for the same period, for each Unrestricted Subsidiary.