Common use of Update of Financial Statements Clause in Contracts

Update of Financial Statements. Glacier will promptly deliver its Financial Statements to WesterFed. Glacier will deliver Subsequent Glacier Financial Statements to WesterFed by the earlier of: (1) 5 days after WesterFed has prepared and issued them or (2) 60 days after year-end for year-end statements and 30 days after the end of the quarter for quarterly statements. The Subsequent Glacier Financial Statements: (a) will be prepared from the books and records of Glacier and its Subsidiaries; (b) will present fairly the consolidated financial position and consolidated operating results of Glacier at the times indicated and for the periods covered; (c) will be prepared in accordance with GAAP (except for the absence of notes) and with the regulations promulgated by applicable regulatory authorities, to the extent then applicable, subject to normal year-end adjustments; and (d) will reflect all Glacier's consolidated liabilities, contingent or otherwise, on the respective dates and for the respective periods covered, except for liabilities: (1) not required to be so reflected in accordance with GAAP or (2) not significant in amount.

Update of Financial Statements. Glacier WesterFed will promptly deliver its Financial Statements to WesterFedGlacier. Glacier WesterFed will deliver Subsequent Glacier WesterFed Financial Statements to WesterFed Glacier by the earlier of: (1) 5 days after WesterFed has prepared and issued them or (2) 60 days after year-end for year-end statements and 30 days after the end of the quarter for quarterly statements. The Subsequent Glacier WesterFed Financial Statements: (a) will be prepared from the books and records of Glacier WesterFed and its Subsidiaries; (b) will present fairly the consolidated financial position and consolidated operating results of Glacier WesterFed at the times indicated and for the periods covered; (c) will be prepared in accordance with GAAP (except for the absence of notes) and with the regulations promulgated by applicable regulatory authorities, to the extent then applicable, subject to normal year-end adjustments; and (d) will reflect all GlacierWesterFed's consolidated liabilities, contingent or otherwise, on the respective dates and for the respective periods covered, except for liabilities: (1) not required to be so reflected in accordance with GAAP or (2) not significant in amount.