Additional Financial Statement Sample Clauses
The Additional Financial Statement clause requires a party to provide extra financial documentation beyond standard requirements. Typically, this clause applies when a party needs to demonstrate ongoing financial stability or compliance, such as submitting updated balance sheets or profit and loss statements upon request. Its core function is to give the other party greater transparency and assurance regarding financial health, thereby reducing risk and supporting informed decision-making.
Additional Financial Statement. The Company shall deliver to Nuwa Group an unaudited balance sheet of the Company and the related statement of income and retained earnings for the periods requested by Nuwa Group (the "Additional Financial Statement"). The Additional Financial Statement shall (i) be in accordance with the books and records of the Company: (ii) fairly present the financial condition of the Company at such dates and the results of its operations for the periods therein specified; (iii) he prepared in accordance with generally accepted accounting principles applied upon a basis consistent with prior accounting periods; and (iv) with respect to all contracts and commitments of the Company. shall reflect adequate reserves for all reasonably anticipated losses and costs in excess of anticipated income. Specifically, but not by way of limitation, the Additional Financial such debts, liabilities, and obligations as are not required to be reflected therein accordance with generally accepted accounting principles) and shall include appropriate reserves for all taxes and other liabilities accrued or due at such dates but not yet payable. Along with the Additional Financial Statement, the Company shall furnish to Nuwa Group a list of all accounts receivable of' the Company dated within five days before the date of this Agreement together with an aging analysis. If the Additional Financial Statement is not satisfactory to Nuwa Group. then Nuwa Group shall have the option to terminate this Agreement pursuant to the terms of this Paragraph 6.
Additional Financial Statement. Shareholders shall deliver promptly to Purchaser true and complete copies of such financial statements, reports and analyses as may be received by Shareholders which are prepared on behalf of the Companies.
Additional Financial Statement. E-Views shall have delivered to EGPI an unaudited balance sheet of E-Views as of December 31, 2009, and the related statement of income and retained earnings for the periods covered thereby (the “Additional Financial Statement”). The Additional Financial Statement shall (i) be in accordance with the books and records of E-Views; (ii) fairly present the financial condition of E-Views at such dates and the results of its operations for the periods therein specified; (iii) be prepared in accordance with generally accepted accounting principles applied upon a basis consistent with prior accounting periods; and (iv) with respect to all contracts and commitments of E-Views, shall reflect adequate reserves for all reasonably anticipated losses and costs in excess of anticipated income. Specifically, but not by way of limitation, the Additional Financial Statement shall disclose all of the debts, liabilities, and obligations of any nature (whether absolute, accrued, contingent, or otherwise and whether due or to become due) of E-Views on the dates therein specified (except such debts, liabilities, and obligations as are not required to be reflected therein in accordance with generally accepted accounting principles) and shall include appropriate reserves for all taxes and other liabilities accrued or due at such dates but not yet payable.