Required Financial Statements Clause Samples

Required Financial Statements. (a) The Sellers and their respective Affiliates shall: (i) use commercially reasonable efforts to prepare and deliver, or cause to be prepared and delivered no later than sixty (60) days following the Closing Date, to Buyer the audited carve-out financial statements of the Business required to be filed with the SEC by Buyer on a Current Report on Form 8-K in connection with the Closing pursuant to Item 9.01(a) thereof for the periods specified in Rule 3-05(b) of, and otherwise prepared pursuant to, Regulation S-X under the Securities Act following receipt by Parent of written notice specifying the financial statements of the Business which are required to be filed with the SEC in accordance with such rules and regulations (such audited financial statements as specified by Buyer, the “Required Carve-Out Audited Financial Statements”), it being understood that in no circumstances shall the Sellers or any of their Affiliates be required to prepare or deliver or cause to be prepared or delivered the Required Carve-Out Audited Financial Statements for the fiscal year ending December 31, 2016 or December 31, 2017 prior to April 1, 2017 or April 1, 2018, respectively; and (ii) use commercially reasonable efforts to provide Buyer, pursuant to and subject to Section 5.06, (A) as promptly as reasonably practicable following the date of the applicable request by Buyer, such information as Buyer shall reasonably request for Buyer and its Subsidiaries to prepare the pro forma financial information regarding Buyer and its Subsidiaries, giving effect to the Closing (including the Restructuring), required to be filed with the SEC by Buyer on a Current Report on Form 8-K in connection with the Closing pursuant to Item 9.01(b) thereof and prepared pursuant to Article 11 of Regulation S-X under the Securities Act (such pro forma financial information as specified by Buyer, the “Required Pro Forma Financial Statements”) and (B) such other cooperation and assistance as Buyer shall reasonably request in connection with the preparation of the Required Pro Forma Financial Statements. (b) The Required Carve-Out Audited Financial Statements and the Required Pro Forma Financial Statements are collectively referred to as the “Required Financial Statements”. The Required Financial Statements shall be prepared in all material respects (i) in accordance with International Financial Reporting Standards (IFRS) applied on a consistent basis throughout the periods covered thereby, (ii) base...

Required Financial Statements. With respect to the determination of the First Lien Net Leverage Ratio, the Total Net Leverage Ratio or under any other applicable provision of the Loan Documents (including the definition of Immaterial Subsidiary) made on or prior to the date on which Required Financial Statements have been delivered for the fiscal quarter ended March 31, 2018, such calculation will be determined for the period of four consecutive fiscal quarters ended December 31, 2017, and calculated on a Pro Forma Basis.

Required Financial Statements. In the event that the Closing occurs, Bridgelink covenants and agrees that, within 70 days of the Closing Date, Bridgelink shall provide to Bitech audited financial statements for Emergen and related auditor reports thereon from a Public Company Accounting Oversight Board-registered auditor, which consents to the inclusion of its statements in SEC public filings, for each of the two (2) most recently ended fiscal years and any other period audited or unaudited but reviewed financials are required to be included in the SEC Reports following the Closing pursuant to applicable Law, and unaudited statements for any other required interim periods.

Required Financial Statements. With respect to the determination of the Senior Secured First Lien Net Leverage Ratio (as defined in the Term Loan Facility as in effect on the Amendment No. 4 Effective Date), the Total Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio, or under any other applicable provision of the Loan Documents (including the definition of Immaterial Subsidiary) made on or prior to the date on which Required Financial Statements have been delivered for the first fiscal quarter ending after the Closing Date, such calculation will be determined for the period of four consecutive fiscal quarters most recently ended prior to the Closing Date, and calculated on a Pro Forma Basis. Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Senior Secured First Lien Net Leverage Ratio, the Total Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio or under any other applicable provision of the Loan Documents (including the definition of Immaterial Subsidiary) shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.

Required Financial Statements. In connection with the Buyer IPO, the Sellers shall cause the Company to deliver to the Buyer: (i) by a date which shall be not later than September 30, 2014, the audited balance sheet, statement of operations, statement of cash flows and statement of stockholders equity of the Company as at December 31, 2012 and December 31, 2013 and for the two fiscal years the ended (the “2012 and 2013 Financial Statements”); (ii) if required under Regulation D and Regulation S-X, as promulgated under the United States Securities Act of 1933, as amended, following the date of this Agreement, the audited balance sheet, statement of operations, statement of cash flows and statement of stockholders equity of the Company as at December 31, 2014 and for the fiscal year the ended (the “2014 Financial Statement” and together with the 2012 and 2013 Financial Statements, the “Audited Financial Statements”); and (iii) the comparative unaudited financial statements of the Company for the comparative nine month periods ended September 30, 2013 and September 30, 2014 (the “Unaudited Financial Statements”), which Unaudited Financial Statements shall be updated by the Company to a date which shall be 45 days prior to the effective date of the Registration Statement The Audited Financial Statements and the Unaudited Financial Statements are collectively referred to in this Agreement as the “Required Financial Statements”). Such Required Financial Statements shall include a balance sheet, statement of income and statement of cash flows and the Audited Financial Statements shall be accompanied by the audit report of an accounting firm that is qualified to audit financial statements of United States publicly traded companies.

Required Financial Statements. Ultimate Parent and Parent shall have received the Required Financial Statements, as set forth in

Required Financial Statements. Sellers shall have delivered the Super 8-K Financial Statements to Buyer.

Required Financial Statements. The Company shall have previously timely provided the Buyer with the Required Financial Statements.

Required Financial Statements. Notwithstanding any other provision in this Agreement, in the event there is no Pre-Paid Advance outstanding, the Company will not be required to file an initial Registration Statement by the Filing Deadline unless it has received the Required Financial Statements at least 10 business days prior to the Filing Deadline. In the event there is a Pre-Paid Advance outstanding, the Company acknowledges and agrees that it will file the initial Registration Statement pursuant to Section 1(c) herein.