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Financial Reporting
Financial Reporting contract clause examples

Financial Statements. The Administrative Agent shall have received # the audited Consolidated balance sheet of the Borrower and its Subsidiaries as of December 31, 2015, December 31, 2016 and December 31, 2017 and the related audited statements of income and retained earnings and cash flows for the Fiscal Year then ended and # unaudited Consolidated balance sheet of the Borrower and its Subsidiaries as of March 31, 2018 and related unaudited interim statements of income and retained earnings.

The Administrative Agent shall have received # audited consolidated financial statements of the Borrower for each of the annual periods ended December 31, 2013 and December 31, 2014, # unaudited consolidated financial statements of the Borrower with respect to the fiscal year ended December 31, 2015 and # unaudited interim consolidated financial statements of the Borrower for the quarterly period ended March 31, 2016.

Financial Statements; Projections; Etc. Administrative Agent shall have received # audited annual financial statements of Borrower and its Subsidiaries for each of the 2016, 2017 and 2018 fiscal years of Borrower; # unaudited quarterly financial statements for the Borrower and its Subsidiaries for each of the fiscal quarters of Borrower ending in 2016, 2017 and 2018; # copies of financial projections of Borrower and its Subsidiaries for the next five (5) fiscal years; and # an unaudited balance sheet of Borrower and its Subsidiaries for Borrower and its Subsidiaries for the fiscal quarter of Borrower ended on March 31, 2019, adjusted, on a Pro Forma Basis, to give effect to the consummation of the Transactions.

The Arrangers and the Administrative Agent shall have received # the audited consolidated balance sheet of Holdings and its Subsidiaries for the fiscal years ended December 31, 2013, 2014 and 2015, and the related consolidated statements of income, stockholders’ equity and cash flows for such fiscal years of the Borrower and its Subsidiaries, including the notes to the combined financial statements prepared in accordance with GAAP, # an unaudited consolidated balance sheet of Holdings and its Subsidiaries for the fiscal quarters ended March 31, 2016, June 30, 2016 and September 30, 2016 and the related consolidated statements of income, stockholders’ equity and cash flows for such fiscal quarter and # projections of consolidated balance sheets and consolidated statements of income and statements of cash flow of Holdings and its Subsidiaries, which will be quarterly for the fiscal year ending December 31, 2017 and annually thereafter for the term of the Facilities; provided that the condition in this clause (b) (other than clause (iii)) may be satisfied by delivery of the Form S-1 or relevant public filing prepared in connection with the public offering of Holdings.

The Administrative Agent shall have received # audited consolidated financial statements of the Borrower for each of the last three full fiscal years ended more than 90 days prior to the Closing Date and # unaudited consolidated financial statements of the Borrower for each subsequent fiscal quarter ended more than 45 days prior to the Closing Date (and for the corresponding period(s) of the prior fiscal year), all of which shall have been reviewed by the independent accountants for the Borrower as provided in Statement on Auditing Standards No. 100; provided that the Administrative Agent hereby acknowledges that it has received audited consolidated financial statements of the Borrower in respect of the immediately preceding clause (i) for the fiscal years ended 2015, 2016 and 2017 and the unaudited consolidated financial statements of the Borrower in respect of the immediately preceding clause (ii) for the fiscal quarters ending March 31, 2018, June 30, 2018 and September 30, 2018.

Financial Statements. The shall have received the audited financial statements for the Borrower and its consolidated Subsidiaries for the fiscal year ended December 31, 2021 and unaudited financial statements for the Borrower and its consolidated Subsidiaries for the fiscal quarters ended March 31, 2022, June 30, 2022 and September 30, 2022. The Administrative Agent and acknowledge having received the financial statements referred to above.

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