Common use of SEMI-ANNUAL STATEMENTS Clause in Contracts

SEMI-ANNUAL STATEMENTS. The Borrower shall as soon as the same become available, but in any event within 90 days after the end of each of its financial half years in each of their respective financial years, deliver to the Agent, the Obligors' and the Charter Guarantor's balance sheets as at the end of such accounting period and the Obligors' and the Charter Guarantor's profit-and-loss accounts in respect of that accounting period, together with the Obligors' cash flow reports for such period in each case prepared in accordance with internationally accepted accounting principles consistently applied.

Appears in 2 contracts

Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)

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SEMI-ANNUAL STATEMENTS. The Borrower shall using its best endeavours and as soon as the same become available, but in any event within 90 days after the end of each of its financial half years in each of their respective financial half years, deliver to the Agent, the Obligors' Borrower's and the Charter Guarantor's balance sheets as at the end of such accounting period and the Obligors' Borrower's and the Charter Guarantor's profit-and-loss accounts in respect of that accounting period, together with the Obligors' Borrower's cash flow reports for such period in each case prepared in accordance with internationally accepted accounting principles consistently applied.

Appears in 1 contract

Samples: Junior Facility Agreement (General Maritime Corp)

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SEMI-ANNUAL STATEMENTS. The Borrower using its best endeavours and shall as soon as the same become available, but in any event within 90 days after the end of each of its financial half years in each of their respective financial half years, deliver furnish to the Agent, the Obligors' Borrower's and the Charter Guarantor's balance sheets as at the end of such accounting period and the Obligors' Borrower's and the Charter Guarantor's profit-and-loss accounts in respect of that accounting period, together with the Obligors' Borrower's cash flow reports for such period in each case prepared in accordance with internationally accepted accounting principles consistently applied.

Appears in 1 contract

Samples: Senior Facility Agreement (General Maritime Corp)

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