Reporting Regarding JV Entities Clause Samples

Reporting Regarding JV Entities. As and when same otherwise becomes available to the Borrower, the Borrower will deliver to the Agent copies of quarterly unaudited and annual audited financial statements for any JV Entity which is not a Material Subsidiary promptly after any such financial statements are prepared by or delivered to the Borrower. For so long as the Borrower is required to calculate a borrowing base value of the Deep Basin Partnership's proven developed producing reserves in accordance with the definition of Net Deep Basin Redemption Price, the Borrower will deliver to the Agent an annual reserve report prepared by an independent engineering firm in respect of the proven developed producing Oil and Gas Properties owned by the Deep Basin Partnership and dated not earlier than December 31 of the immediately preceding year.