Quarterly Financial Statements and Reports. Within 60 days (but in no event later than 15 days after the related filing deadline under SEC rules and regulations) after the close of each of the first three quarterly accounting periods in each fiscal year of the Company, (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of such quarterly accounting period, (ii) the related consolidated statements of income for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period and (iii) the related consolidated statements of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period, in each case setting forth comparative figures for the corresponding dates and fiscal periods in the prior fiscal year, all of which shall be in reasonable detail and certified by an Authorized Financial Officer of the Company that, to the best of such officer’s knowledge after due inquiry, they fairly present, in all material respects, the financial condition of the Company and its Subsidiaries on a consolidated basis in accordance with GAAP as of the dates indicated and the results of their operations and changes in their cash flows for the periods indicated, subject to normal year-end audit adjustments and the absence of footnotes.
Quarterly Financial Statements and Reports. For each of (i) the Borrower and its Subsidiaries, (ii) CPS, (iii) PETNet, and (iv) the Borrower and all of its Subsidiaries other than CPS and PETNet, furnish to the Administrative Agent and each Lender, as soon as available and in any event within forty-five (45) days after the end of each Fiscal Quarter, an unaudited balance sheet as of the end of such Fiscal Quarter (consolidated and consolidating as to the financial statements of the Borrower and its Subsidiaries) and the related statements of income and cash flows (consolidated and consolidating as to the financial statements of the Borrower and its Subsidiaries) for the period commencing at the beginning of the current Fiscal Year and ending with the end of such Fiscal Quarter, certified by a Responsible Officer, together with a certificate of a Responsible Officer, in form satisfactory to the Administrative Agent and the Lenders, (1) stating that no Default has occurred and is continuing or, if in the opinion of such officer, a Default has occurred and is continuing, stating the nature thereof and the action that either CTI and its Subsidiaries, CPS, or PETNet, as applicable, proposes to take with respect thereto, and (2) setting forth computations demonstrating compliance with all financial covenants contained herein as of the end of such period.
Quarterly Financial Statements and Reports. Not later than sixty (60) days after the end of the first three fiscal quarters of each Fiscal Year, unaudited Financial Statements and reports of the Borrower as at the end of such quarterly period.
Quarterly Financial Statements and Reports. Within 60 days (but in no event later than 15 days after the related filing deadline under SEC rules and regulations) after the close of each of the first three quarterly accounting periods in each fiscal year of the U.S. Borrower (commencing with the quarterly accounting period ending closest to June 18, 2004), (i) a consolidated balance sheet of the U.S. Borrower and its Subsidiaries as at the end of such quarterly accounting period, (ii) the related consolidated statements of income for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period and (iii) the related consolidated statements of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period, in each case setting forth comparative figures for the corresponding dates and fiscal periods in the prior fiscal year, all of which shall be in reasonable detail and certified by an Authorized Financial Officer of the U.S. Borrower that, to the best of such officer’s knowledge after due inquiry, they fairly present, in all material respects, the financial condition of the U.S. Borrower and its Subsidiaries as of the dates indicated and the results of their operations and changes in their cash flows for the periods indicated, subject to normal year-end audit adjustments.
Quarterly Financial Statements and Reports. (A) Within 45 days after the close of each of the first three quarterly accounting periods in each fiscal year of the Borrower (i) the consolidated balance sheet of each of the REIT and its Subsidiaries and the Borrower and its Subsidiaries as at the end of such quarterly accounting period, (ii) the related consolidated statements of income for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period and (iii) the related consolidated statements of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period, in each case setting forth comparative figures for the corresponding fiscal periods in the prior fiscal year, as applicable, all of which shall be in reasonable detail and certified by an Authorized Financial Officer of the Borrower that, to the best of such officer's knowledge, they fairly present the financial condition of each of the REIT and its Subsidiaries and the Borrower and its Subsidiaries as of the dates indicated and the results of their operations and changes in their cash flows for the periods indicated, subject to normal year-end audit adjustments.
(B) (i) Within 45 days after the end of each of the first three quarterly accounting periods, and within 90 days after the end of the fourth quarterly accounting period, in each fiscal year of the Borrower, certificates in the forms of Exhibit M-1 (with such changes thereto as are reasonably acceptable to the Administrative Agent) for each Borrowing Base Property on an individual basis, in each case signed by an Authorized Financial Officer of the Borrower setting forth the required financial and other information for such quarterly accounting period as set forth in such Exhibits and for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period, and setting forth comparative figures for the corresponding quarterly accounting period in the prior fiscal year and the budgeted figures for such quarterly accounting period.
Quarterly Financial Statements and Reports. As soon as available but in any event within forty-five (45) days after the end of each of the first, second and third calendar quarters of each Financial Year, deliver to OFID:
(i) two (2) copies of the Borrower's complete unaudited financial statements for such quarter prepared in accordance with the Accounting Standards, certified by the Borrower's chief financial officer;
(ii) a statement of all transactions between the Borrower and its Affiliates, and a certification by an Authorized Representative of the Borrower that all transactions entered into by the Borrower are on the basis of arm's-length arrangements;
(iii) a statement of all charterhire or lease payment due or made for lease arrangements or Bareboat Charters;
(iv) a report on any factors that have or could reasonably be expected to have a Material Adverse Effect on the Borrower and
(v) a certificate from the Borrower confirming no claims from master and crew on each Vessel owned by it;
Quarterly Financial Statements and Reports. As soon as available, and in any event within seventy-five (75) days after the end of each of the first three quarters of each fiscal year of the Borrower, the Borrower shall furnish to the Agent and each Lender:
(i) consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as of the end of such quarter and consolidated and consolidating statements of income, shareholders' equity and cash flow of the Borrower and its Subsidiaries for such quarter and 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 (ii) a
Quarterly Financial Statements and Reports. The Borrower shall furnish to the Administrative Agent (for delivery to each Lender) 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 of the Borrower, consolidated balance sheets of the Borrower and its Consolidated Subsidiaries as of the end of such quarter and consolidated statements of income, equity and cash flows of the Borrower and its Consolidated Subsidiaries for such quarter and 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.
Quarterly Financial Statements and Reports. As soon as available but in any event within 60 days after the end of each quarter of each Financial Year, deliver to IFC:
(i) two (2) copies of the Borrower’s unaudited complete financial statements for such quarter prepared on a Consolidated Basis, in accordance with the Accounting Standards, certified by the Borrower’s chief financial officer;
(ii) a report by the Borrower on its Operations during that quarter, substantially in the form of, and addressing the topics listed in, Schedule 8, including any factors that have or could reasonably be expected to have a Material Adverse Effect;
(iii) a statement of all transactions during that quarter between the Borrower and each of its Affiliates, and a certification by an Authorized Representative that those transactions were on the basis of arm’s-length arrangements.
(iv) a report signed by the Borrower’s chief executive officer and chief financial officer, concerning compliance with the financial covenants in this Agreement;
Quarterly Financial Statements and Reports. As soon as available but in any event within 45 (forty five) days from the end of each Financial Quarter, deliver to Trustee (acting on behalf of the Debentureholders), a copy of the Issuer’s (i) audited financial statements; or (ii) unaudited financial statements together with limited review report by the Auditors; for such Financial Quarter prepared on a Consolidated Basis or standalone basis (as may be applicable) in accordance with the Accounting Standards, certified by the managing director, or chief financial officer of the Issuer, together with:
(a) a report (in the form pre-agreed by the Original Debentureholder), signed by the Issuer’s chief financial officer concerning compliance with the negative covenants contained in Paragraph 1 (Dividends and Restricted Payments), 2 (Redemptions), 3 (Financial Debt and Liabilities), 4 (Permitted Security), 5 (Arm’s Length Transactions) and 11 (Use of Proceeds) of Section B (Issuer’s Negative Covenants) of Schedule VI (Issuer’s Covenants) of Part A of this Deed and the financial covenants contained in Paragraph 10 (Financial Ratios) of Section A (Issuer’s Affirmative Covenants) of Schedule VI (Issuer’s Covenants) of Part A of this Deed including a clear description of the methodology used in the respective calculations;
(b) a report regarding the operations of the Issuer, signed by the Issuer’s chief financial officer;
(c) a certificate by the Auditor as required under applicable Law certifying the compliance status with respect to covenants contained in Schedule VI (Issuer’s Covenants) and Schedule VII (Reporting Requirements) of Part A of this Deed; and
(d) a certificate by the Auditor or the chartered account as required under applicable Law certifying that the Security Cover of at least 120% (one hundred and twenty per cent) is maintained by the Issuer.
