Common use of Quarterly Financial Statements and Reports Clause in Contracts

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 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 Borrowers' complete unaudited financial statements for such quarter prepared in accordance with the Accounting Standards, certified by the Borrower's Borrowers' chief financial officer; (ii) a statement of all transactions between the Borrower Borrowers and its Affiliates, and a certification by an Authorized Representative of the Borrower Borrowers that all transactions entered into by the Borrower Borrowers 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 Borrowers; and (v) a certificate from the Borrower Borrowers confirming no claims from master and crew on each Vessel vessel owned by it;

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 OFIDIFC: (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 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 OFIDIFC: (i) two (2) copies of the such Borrower's complete unaudited financial statements for such quarter prepared in accordance with the Accounting Standards, certified by the such Borrower's chief financial officer; (ii) a statement of all transactions between the such Borrower and its Affiliates, and a certification by an Authorized Representative of the such Borrower that all transactions entered into by the such 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 such Borrower; and (v) a certificate from the such Borrower confirming no claims from master and crew on each Vessel owned by it;

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 OFIDIFC: (i) two (2) copies of the Borrower's Borrowers' complete unaudited financial statements for such quarter prepared in accordance with the Accounting Standards, certified by the Borrower's Borrowers' chief financial officer; (ii) a statement of all transactions between the Borrower Borrowers and its Affiliates, and a certification by an Authorized Representative of the Borrower Borrowers that all transactions entered into by the Borrower Borrowers 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 Borrowers; and (v) a certificate from the Borrower Borrowers confirming no claims from master and crew on each Vessel vessel owned by it;