Reports to Lessee Sample Clauses

Reports to Lessee. (a) Manager shall prepare and deliver to Lessee, within thirty (30) days after the close of each calendar month, unaudited financial statements covering the prior month and containing a balance sheet and statement of income and expenses in reasonable detail. Manager shall also provide any required assistance to the independent accountants for the Facility, who shall be selected by Manager, in the preparation of audited annual financial statements for the operation of the Facility. Such financial statements shall be prepared at Lessee's expense in accordance with generally accepted accounting principles in the health care field consistently applied and delivered to Manager and Lessee within ninety (90) days after the end of each fiscal year of the Facility. Manager shall prepare reports or provide information to Lessee required by the Lease, any loan documents of the lessor, or the Loan Agreement and related documents. (b) Manager shall submit to Lessee for its approval (which approval will not be unreasonably withheld) each twelve (12) months its budget for the operation of the Facility setting out anticipated income, expenses and capital expenditures during the succeeding twelve (12) month period. Manager shall use its reasonable best efforts to operate the Facility in accordance with the provisions of the budget for the Facility as submitted to Lessee. Such proposed budget for the Facility shall be delivered to Lessee prior to the commencement of the operational fiscal year of the Facility. (c) Manager or Lessee shall schedule periodic management meetings to be attended by representatives of both Manager and Lessee no less frequently than quarterly and shall furnish to Lessee quarterly written progress reports concerning the operation of the Facility.
Sample 1See All (4)
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Reports to Lessee. Manager shall deliver, or cause to be delivered, to Lessee the following statements: (a) within fourteen (14) days after the end of each calendar month, a detailed profit and loss statement, substantially in the form used at Other Managed Hotels, showing the results of operation of the Hotel for such month and the year-to-date, and a statement of departmental operations, for such month and year-to-date, and having annexed thereto a computation in reasonable detail of the Management Fee for such preceding month and the year-to-date, calculated as provided in the Management Fee Rider and for the second full year of the Operating Period, such reports shall include a comparison with the prior year's results, and a balance sheet; (b) within fourteen (14) days after the end of each Operating Year, an unaudited financial statement consisting of a balance sheet, a related statement of profit and loss and a statement of cash flows,, and having annexed thereto a computation in reasonable detail of the Management Fee for such year, calculated as provided in the Management Fee Rider and for the second full year of the Operating Period, such reports shall include a comparison with the prior year's results. Audited financial statements shall be at Lessee's sole cost and expense. (c) Within fourteen (14) days of any demand by Lessee therefore, a SAS letter, at Manager's sole cost and expense.
Sample 1
Reports to Lessee. (A) Each month, Manager will deliver to Lessee, a detailed (i) profit and loss statement showing the results of operation of the Hotel for the prior month and the year to date, with a comparison to the budgets contained in the then current Annual Plan and to prior year results; and (ii) balance sheet. Manager also shall prepare, monthly, for the Hotel, forecasts of occupancy, average daily rate ("ADR") and revenue per available room ("REVPAR") for that month, and other reports similar to those produced by Manager or its Affiliates for hotels they own. Manager shall use its best efforts to deliver these items to Lessee by the 12th of each month; but in no event shall delivery be later than the 15th of the month. In addition, quarterly, Manager will provide Lessee with a forecast for Gross Revenues, Gross Operating Profit and Net Operating Profit less insurance for the remainder of the Operating Year, by month. (B) Costs of a certified audit or any other reports by an independent certified public accountant selected by Lessee, if and when requested by Lessee, will be an expense borne by Lessee and will be coordinated by Manager. (C) At Lessee's request, Manager will further deliver financial reports required by third parties. All reasonable costs in producing these reports will be borne by Lessee. (D) At Lessee's request, Manager agrees to meet with Lessee via conference call or in person to discuss the operating results of the Hotel on a quarterly basis, and will comply with all reasonable requests to meet with Lessee to discuss other issues.
Sample 1
Reports to Lessee. (a) Manager shall prepare and deliver to Lessee, within forty-five (45) days after the close of each calendar month, unaudited financial statements covering such prior month and containing a balance sheet and statement of income and expenses in reasonable detail. Manager shall also provide any required assistance to the independent accountants for the Facility, who shall be selected by Manager and approved by Lessee, in the preparation of unaudited (or audited if so requested by Lessee) financial statements for the operation of the Facility. Such financial statements shall be prepared at Lessee's expense in accordance with generally accepted accounting principles in the health care field consistently applied and delivered to Manager and Lessee promptly after the end of each fiscal year of the Facility. (b) Manager shall submit to Lessee each twelve (12) months a proposed budget for the operation of the Facility setting out anticipated income, expenses and capital expenditures during the succeeding twelve (12) month period, and shall use reasonable efforts to operate the Facility in accordance with the provisions of the budget for the Facility submitted to and approved by Lessee. Such proposed budget for the Facility shall be delivered to Lessee no later than thirty (30) days prior to the commencement of the operational fiscal year of the Facility. (c) Manager shall schedule periodic management meetings to be attended by representatives of both Manager and Lessee no less frequently than semi-annually and shall furnish to Lessee semi-annual written progress reports concerning the operation of the Facility.
Sample 1
Reports to Lessee. Manager shall prepare and deliver to Lessee within thirty (30) days after the close of each calendar month unaudited financial statements covering the prior month and containing a balance sheet and statement of income in reasonable detail. Manager shall also provide any required assistance to the independent accountants for the Facility, who may be selected by Lessee subject to the approval of the Manager (such approval not to be unreasonably withheld), in the preparation of audited or unaudited financial statements for the operation of the Facility.
Sample 1
Reports to Lessee. (A) Manager shall deliver to Lessee, by not later than the twentieth (20th) day of each month: (i) a profit and loss statement in the form of that set forth in Schedule III showing the results of operation of the Hotel for the prior month and the year to date, with a comparison to the budgets contained in the then current Annual Plan and to prior year results; (ii) a current balance sheet; (iii) other reports similar to those produced by Manager or its Affiliates for hotels they manage. Manager shall also deliver to Lessee, by not later than the twentieth (20th) day of each quarter quarterly forecasts for Gross Revenues, Operating Expenses, and Gross Operating Profit for the remainder of the Operating Year. In addition, Manager shall deliver to Lessee, by not later than the thirtieth (30th) day after the close of each Operating Year, (i) a profit and loss statement showing the results of operation of the Hotel for such Operating Year; (ii) a balance sheet for the Hotel as of the close of such Operating Year; and (iii) the Gross Revenues, Operating Expenses and Gross Operating Profit for such Operating Year. Island Hospitality Management II, Inc. Hotel Management Agreement (Hotel Name) Page 8 of 23 (B) Manager shall, if Lessee elects to conduct an audit, cooperate with the independent certified public accountant selected by Lessee so as to allow such independent public accountant to deliver audited financial statements to Lessee within ninety (90) days after the end of each Operating Year. Costs of such audit and of the audited financial statements or any other reports prepared by such independent certified public accountant, if and when requested by Lessee, will be an expense borne by Lessee and shall not be deemed an Operating Expense. (C) At Lessee’s request, Manager will further deliver such additional financial reports as may be reasonably requested by Lessee or required by third parties. All reasonable costs in producing these reports will be borne by Lessee and will be coordinated by Manager and shall not be deemed an Operating Expense. (D) At Lessee’s request, Manager shall meet with Lessee via conference call or in person to discuss the operating results of the Hotel on a quarterly basis and will comply with all reasonable requests to meet with Lessee to discuss other issues.
Sample 1

Related to Reports to Lessee

  • Reports to Owner We will send you a report at least once during each Contract Year. The report will show the Accumulation Value and the Cash Surrender Value as of the end of the Contract Processing Period. The report will also show the allocation of the Accumulation Value as of such date and the amounts deducted from or added to the Accumulation Value since the last report. The report will also include any information that may be currently required by the insurance supervisory official of the jurisdiction in which the Contract is delivered. We will also send you copies of any shareholder reports of the portfolios in which the Divisions of the Variable Separate Account invest, as well as any other reports, notices or documents required by law to be furnished to Owners.

  • Reports to Manager The Corporation or Fund, as appropriate, shall furnish or otherwise make available to the Manager such prospectuses, financial statements, proxy statements, reports, and other information relating to the business and affairs of the Corporation or Fund, as appropriate, as the Manager may, at any time or from time to time, reasonably require in order to discharge its obligations under this Agreement.

  • Reports to Members (a) The books of account and records of the Company shall be audited as of the end of each Fiscal Year by the Company’s independent public accountants. (b) Within one (1) calendar day after the applicable due date for the filing of New Mountain Finance’s quarterly reports for the end of each Fiscal Quarter of New Mountain Finance with the Commission (or the next Business Day if the first calendar day is not a Business Day), the Company shall send to each Person who was a Member during such period an unaudited report setting forth the following as of the end of such Fiscal Quarter, but the Company shall only be required to provide such information to such Members as make a request for it in writing: (i) unless such Fiscal Quarter is the last Fiscal Quarter of the Fiscal Year, an unaudited balance sheet as of the end of such period; (ii) unless such Fiscal Quarter is the last Fiscal Quarter of the Fiscal Year, an unaudited income statement of the Company for such period; (iii) unless such Fiscal Quarter is the last Fiscal Quarter of the Fiscal Year, an unaudited cash flow statement of the Company for such period; and (iv) a statement of each Member’s Capital Account. (c) Within one (1) calendar day after the applicable due date for the filing of New Mountain Finance’s annual report for the end of each Fiscal Year of New Mountain Finance with the Commission (or the next Business Day if the first calendar day is not a Business Day), the Company shall send to each Person who was a Member during such period an audited report setting forth the following as of the end of such Fiscal Year, but the Company shall only be required to provide such information to such Members as make a request for it in writing: (i) an audited balance sheet as of the end of such Fiscal Year; (ii) an audited income statement of the Company for such Fiscal Year; (iii) an audited cash flow statement of the Company for such Fiscal Year; and (iv) a statement of each Member’s Capital Account. (d) The Company shall provide each Member with monthly “flash reports.” (e) The Company shall provide each Member annually with a copy of the Budget. (f) With reasonable promptness, the Board will deliver such other information available to the Board, including financial statements and computations, as any Member may from time to time reasonably request in order to comply with regulatory requirements, including reporting requirements, to which such Member is subject. (g) The Board shall not be deemed to be in breach of this Section 6.10 for failure to deliver the reports and other information under clause (b) or (c) of this Section 6.10, if the Board delivers such information to each Member on the earlier of (i) the date such information is provided to the lenders or the holders of any indebtedness of the Company or filed with the Commission and (ii) a date that is within thirty (30) calendar days of the due date set forth in clause (b) or (c) above.

  • Reports to the Trust The Adviser shall prepare and furnish to the Trust such reports, statistical data and other information in such form and at such intervals as the Trust may reasonably request.

  • Reports to Limited Partners (a) As soon as practicable after the close of each fiscal quarter (other than the last quarter of the fiscal year), the General Partner shall cause to be mailed to each Limited Partner a quarterly report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal quarter, presented in accordance with generally accepted accounting principles. As soon as practicable after the close of each fiscal year, the General Partner shall cause to be mailed to each Limited Partner an annual report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal year, presented in accordance with generally accepted accounting principles. The annual financial statements shall be audited by accountants selected by the General Partner. (b) Any Partner shall further have the right to a private audit of the books and records of the Partnership at the expense of such Partner, provided such audit is made for Partnership purposes and is made during normal business hours.

  • Reports to the Commission The Servicer shall, or shall cause the Depositor to, on behalf of the Issuer, execute and cause to be filed with the Commission any periodic reports required to be filed with respect to the issuance of the Notes under the provisions of the Exchange Act and the rules and regulations of the Commission thereunder. The Depositor shall, at its expense, cooperate in any reasonable request made by the Servicer in connection with such filings.

  • Reports to Government Entities Nothing in this Agreement shall prohibit or restrict the Executive from initiating communications directly with, responding to any inquiry from, providing testimony before, providing confidential information to, reporting possible violations of law or regulation to, or filing a claim or assisting with an investigation directly with a self-regulatory authority or a government agency or entity, including the Equal Employment Opportunity Commission, the Department of Labor, the National Labor Relations Board, the Department of Justice, the Securities and Exchange Commission, Congress, any agency Inspector General or any other federal, state or local regulatory authority (collectively, the “Regulators”), or from making other disclosures that are protected under the whistleblower provisions of state or federal law or regulation. The Executive does not need the prior authorization of the Company to engage in conduct protected by this subsection, and the Executive does not need to notify the Company that the Executive has engaged in such conduct. Please take notice that federal law provides criminal and civil immunity to federal and state claims for trade secret misappropriation to individuals who disclose trade secrets to their attorneys, courts, or government officials in certain, confidential circumstances that are set forth at 18 U.S.C. §§ 1833(b)(1) and 1833(b)(2), related to the reporting or investigation of a suspected violation of the law, or in connection with a lawsuit for retaliation for reporting a suspected violation of the law.

  • Commission Reports and Reports to Holders If, at any time, the Company is not subject to the reporting requirements of Sections 13 or 15(d) of the Exchange Act to file any periodic reports with the Commission, the Company agrees to furnish to the Holders of Notes and the Trustee for the period of time during which the Notes are Outstanding: (i) within 90 days after the end of the each fiscal year of the Company (which fiscal year ends on December 31), audited annual consolidated financial statements of the Company and (ii) within 45 days after the end of each fiscal quarter of the Company (other than the Company’s fourth fiscal quarter), unaudited interim consolidated financial statements of the Company. All such financial statements shall be prepared, in all material respects, in accordance with GAAP.”

  • Commission Reports (a) The Company shall file with the Trustee, within 30 days after it files them with the Commission, copies of the quarterly and annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the Commission may by rules and regulations prescribe) which the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act. If the Company is not subject to the requirement of such Section 13 or 15(d) of the Exchange Act, the Company shall file with the Trustee, within 30 days after it would have been required to file such information with the Commission, financial statements, including any notes thereto and, with respect to annual reports, an auditors' report by an accounting firm of established national reputation and a "Management's Discussion and Analysis of Financial Condition and Results of Operations," both comparable to that which the Company would have been required to include in such annual reports, information, documents or other reports if the Company had been subject to the requirements of such Sections 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of Section 314(a) of the Trust Indenture Act. (b) So long as the Securities remain outstanding, the Company shall cause its annual report to stockholders and any other financial reports furnished by it to stockholders generally, to be mailed to the Holders at their addresses appearing in the register of Securities maintained by the Security Registrar in each case at the time of such mailing or furnishing to stockholders. If the Company is not required to furnish annual or quarterly reports to its stockholders pursuant to the Exchange Act, the Company shall cause its financial statements, including any notes thereto and, with respect to annual reports, an auditors' report by an accounting firm of established national reputation and a "Management's Discussion and Analysis of Financial Condition and Results of Operations," to be so filed with the Trustee and mailed to the Holders within 90 days after the end of each of the Company's fiscal years and within 45 days after the end of each of the first three quarters of each fiscal year. (c) The Company shall provide the Trustee with a sufficient number of copies of all reports and other documents and information that the Company may be required to deliver to the Holders under this Section 1007.

  • Periodic Reports to Guarantee Trustee The Guarantor shall provide to the Guarantee Trustee such documents, reports and information as required by Section 314 (if any) and the compliance certificate required by Section 314 of the Trust Indenture Act in the form, in the manner and at the times required by Section 314 of the Trust Indenture Act.

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