Submission of Annual Audited Financial Statements and Annual Budgets Sample Clauses

Submission of Annual Audited Financial Statements and Annual Budgets. (i) All Annual Payments made by the Borrower to the County Board and all Residual Receipts Certificates shall be accompanied by (i) Annual Audited Financial Statements duly certified by an independent firm of certified public accountants that are nationally recognized, setting forth in reasonable detail the computation and total amount of all Residual Receipts (as defined in the Loan Agreement) during the preceding calendar year or the computation detailing that there were no Residual Receipts during the preceding calendar year, and (ii) an independent audit of the Property prepared for the Borrower by a certified independent firm of certified public accountants that are nationally recognized, in accordance with generally accepted accounting principles. If there are no Residual Receipts for the previous year available for disbursement, the Borrower shall also provide to the County Manager or his designee a Residual Receipts Certificate certified in writing by the Borrower and prepared by a certified public accountant containing the computation detailing that there were no Residual Receipts (as defined in the Loan Agreement) during the preceding calendar year. The Borrower shall also provide to the County Manager or his designee such other supporting documentation as the County Staff may reasonably request.
Sample 1Sample 2See All (10)
AutoNDA by SimpleDocs
Submission of Annual Audited Financial Statements and Annual Budgets. (i) All Annual Loan Payments made by the Borrower to the County shall be accompanied by Annual Audited Financial Statements duly certified by an independent firm of certified public accountants that are nationally recognized, setting forth in reasonable detail total amount of all Residual Receipts received by the Borrower during the preceding calendar year, in accordance with generally accepted accounting principles. The Borrower shall also provide to the County Manager or his designee such other supporting documentation as the County Manager or his designee may reasonably request.
Sample 1
Submission of Annual Audited Financial Statements and Annual Budgets. (i) All Annual Payments made by the Borrower to the County shall be accompanied by Annual Audited Financial Statements duly certified by an independent firm of certified public accountants that are nationally recognized, in accordance with generally accepted accounting principles. The Borrower shall also provide to the County Manager or his designee such other supporting documentation as the County Manager or his designee may reasonably request.
Sample 1

Related to Submission of Annual Audited Financial Statements and Annual Budgets

  • Audited Financial Statements The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in shareholder’s equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

  • Annual Statements within 105 days after the end of each fiscal year of the Company, duplicate copies of,

  • Submission of Audits and Financial Statements A. Audits Due the earlier of 30 days after receipt of the independent certified public accountant's report or nine months after the end of the fiscal year, Grantee shall submit electronically one copy of the single audit or program-specific audit to the System Agency via:

  • Annual Financial Statements Within 90 days after the end of each Fiscal Year, commencing with the Fiscal Year ending December 31, 2011, (i) the consolidated balance sheets of Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Borrower and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year commencing with the first Fiscal Year for which such corresponding figures are available, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; and (ii) with respect to such consolidated financial statements a report thereon by an independent certified public accountant (or accountants) of recognized national standing selected by Borrower, and reasonably satisfactory to Administrative Agent (which report and/or the accompanying financial statements shall be unqualified as to going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants stating (1) that their audit examination has included a review of the terms of Section 6.7 of this Agreement and the related definitions, (2) whether, in connection therewith, any condition or event that constitutes a Default or an Event of Default under Section 6.7 has come to their attention and, if such a condition or event has come to their attention, specifying the nature and period of existence thereof, and (3) that nothing has come to their attention that causes them to believe that the information contained in any Compliance Certificate is not correct or that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof (which statement may be limited to the extent required by accounting rules or guidelines);

  • Annual Statement The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

  • Financial Statement Audit If, during its fiscal year, Grantee expends less than $750,000 in Federal Awards, Grantee is subject to the following audit requirements:

  • Financial Statements Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

  • Quarterly Financial Statements As soon as available and in any event within 5 days after the date on which such financial statements are required to be filed with the SEC (after giving effect to any permitted extensions) with respect to each of the first three quarterly accounting periods in each fiscal year of the Borrower (or, if such financial statements are not required to be filed with the SEC, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Borrower and the Subsidiaries and, if different, the Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Borrower and the Restricted Subsidiaries, a detailed reconciliation reflecting such financial information for the Borrower and the Restricted Subsidiaries, on the one hand, and the Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, stockholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject to changes resulting from audit and normal year end audit adjustments.

  • Audits and Financial Statements A. Audits

  • FINANCIAL STATEMENTS TO OWNER The Agent shall render statements of receipts, expenses, and other charges for the Property as requested by the Owner with no more than one (1) statement per month.

Time is Money Join Law Insider Premium to draft better contracts faster.