Common use of Quarterly Financial Statements and Reports Clause in Contracts

Quarterly Financial Statements and Reports. (A) Within 60 days after the close of each of the first three quarterly accounting periods in each fiscal year of the Borrower (commencing with the quarterly accounting period ending closest to September 30, 1997) (i) the consolidated balance sheet of each of Holdings 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 (commencing with the financial statements to be delivered in respect of the Borrower's quarterly accounting period ending closest to September 30, 1998) setting forth comparative figures for the corresponding fiscal periods in the prior fiscal year, 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 after due inquiry, they fairly present the financial condition of each of Holdings 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, provided that, in satisfying the requirements of this Section 7.01(a), if at the time the financial statements referenced herein are to be delivered, Holdings owns no capital stock of any Person other than HMC Capital and the Borrower and has no other material assets or liabilities (other than pursuant to the Credit Documents), then one set of combined financial statements may be delivered pursuant to this Section 7.01(a) so long as any differences in the combined financial statements of Holdings and its Subsidiaries from those of the Borrower and its Subsidiaries are indicated by footnotes in the respective combined financial statements.

Quarterly Financial Statements and Reports. Furnish to the Administrative Agent and each Lender, as soon as available and in any event within forty-five (A45) Within 60 days after the close end of each of the first three quarterly accounting periods in each fiscal year Fiscal Quarter of the Borrower (commencing with other than the quarterly accounting period ending closest to September 30, 1997last Fiscal Quarter in any Fiscal Year) (i) the an unaudited consolidated and consolidating balance sheet of each of Holdings 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 (commencing with the financial statements to be delivered in respect of the Borrower's quarterly accounting period ending closest to September 30, 1998) setting forth comparative figures for the corresponding fiscal periods in the prior fiscal year, 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 after due inquiry, they fairly present the financial condition of each of Holdings and its Subsidiaries and the Borrower and its Subsidiaries as of the dates indicated end of such Fiscal Quarter, the related consolidated and the results of their operations and changes in their cash flows for the periods indicated, subject to normal year-end audit adjustments, provided that, in satisfying the requirements of this Section 7.01(a), if at the time the financial statements referenced herein are to be delivered, Holdings owns no capital stock of any Person other than HMC Capital and the Borrower and has no other material assets or liabilities (other than pursuant to the Credit Documents), then one set of combined financial statements may be delivered pursuant to this Section 7.01(a) so long as any differences in the combined financial consolidating statements of Holdings and its Subsidiaries from those income of the Borrower and its Subsidiaries are indicated for the period commencing at the beginning of the current Fiscal Year and ending with the end of such Fiscal Quarter and the related consolidated statements of shareholders' equity and cash flows 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 footnotes a Responsible Officer of the Borrower, together with (a) a certificate of said Responsible Officer stating that no Default or Event of Default has occurred and is continuing or, if in the respective combined opinion of such officer, a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action that the Borrower proposes to take with respect thereto, (b) a certificate of a Responsible Officer of the Borrower, in form satisfactory to the Administrative Agent and the Lenders, setting forth computations demonstrating compliance with all financial statementscovenants contained herein as of the end of such period, and (c) a written discussion and analysis by the management of the Borrower of the financial statements furnished in respect of such period.

Quarterly Financial Statements and Reports. (A) Within 60 days after the close of each of the first three quarterly accounting periods in each fiscal year of Holdings and the Borrower (commencing with the quarterly accounting period ending closest to September June 30, 1997) 2000), (i) the a consolidated balance sheet of each of Holdings 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 (commencing with the financial statements to be delivered in respect of the Borrower's quarterly accounting period ending closest to September 30, 1998) setting forth comparative figures for the corresponding fiscal periods in the prior fiscal year, all of which shall be in reasonable detail and certified by an Authorized Financial Officer of Holdings or the Borrower Borrower, as the case may be, that, to the best of such officer's knowledge after due inquiry, they fairly present present, in all material respects, the financial condition of each of Holdings 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, provided that, in -------- satisfying the requirements of this Section 7.01(a), if at the time the financial statements referenced herein are to be delivered, Holdings owns no capital stock of any Person other than HMC Capital and the Borrower and has no other material assets or liabilities (other than pursuant to the Credit Documents), then one set of combined only the consolidated financial statements may of Holdings and its Subsidiaries need to be delivered pursuant to this Section 7.01(a) so long as any differences in the combined consolidated financial statements of Holdings and its Subsidiaries from those of the Borrower and its Subsidiaries are indicated by footnotes in the respective combined consolidated financial statementsstatements of Holdings and its Subsidiaries.

Quarterly Financial Statements and Reports. Furnish to the Administrative Agent and each Lender, as soon as available and in any event by the earlier of (Aa) Within 60 the date that is fifty (50) days after the close end of each Fiscal Quarter of the first three quarterly accounting periods in each fiscal year of the Domestic Borrower (commencing with other than the quarterly accounting period ending closest to September 30, 1997last Fiscal Quarter in any Fiscal Year) or (ib) the date that is five (5) days after the date that the following are required to be furnished to the Commission: Domestic Borrower and its Subsidiaries' Form 10-Q Statement, and an unaudited consolidated and consolidating balance sheet of each of Holdings 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 (commencing with the financial statements to be delivered in respect of the Borrower's quarterly accounting period ending closest to September 30, 1998) setting forth comparative figures for the corresponding fiscal periods in the prior fiscal year, 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 after due inquiry, they fairly present the financial condition of each of Holdings and its Subsidiaries and the Domestic Borrower and its Subsidiaries as of the dates indicated end of such Fiscal Quarter, the related consolidated and the results consolidating statement of their operations and changes in their cash flows for the periods indicated, subject to normal year-end audit adjustments, provided that, in satisfying the requirements of this Section 7.01(a), if at the time the financial statements referenced herein are to be delivered, Holdings owns no capital stock of any Person other than HMC Capital and the Borrower and has no other material assets or liabilities (other than pursuant to the Credit Documents), then one set of combined financial statements may be delivered pursuant to this Section 7.01(a) so long as any differences in the combined financial statements of Holdings and its Subsidiaries from those income of the Domestic Borrower and its Subsidiaries are indicated for the period commencing at the beginning of the current Fiscal Year and ending with the end of such Fiscal Quarter and the related consolidated statements of shareholders' equity and cash flows of the Domestic Borrower and its Subsidiaries for such period, certified by footnotes a Responsible Officer of the Domestic Borrower, together with (a) a written discussion and analysis by the management of the Domestic Borrower of the financial statements furnished in respect of such period, and (b) a certificate of a Responsible Officer of the Domestic Borrower, in form satisfactory to the Administrative Agent and the Lenders, (1) stating that no Default has occurred and is continuing or, if in the respective combined opinion of such officer, a Default has occurred and is continuing, stating the nature thereof and the action that the Domestic Borrower proposes to take with respect thereto, and (2) setting forth computations demonstrating compliance with all financial statementscovenants contained herein as of the end of such period.