Annual Audited Reports. As soon as practicable, and in any event within ninety (90) days after the close of each fiscal year of the Borrowers, the Borrowers will furnish to the Bank Consolidated audited statements of income, retained earnings and cash flow of the Borrowers and their Subsidiaries for such fiscal year and a Consolidated audited balance sheet of the Borrowers and their Subsidiaries as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, prepared in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for changes in application in which such accountants concur) with such statements and balance sheet to be certified by independent certified public accountants of recognized standing selected by the Borrowers and satisfactory to the Bank. The certificate or report of such accountants shall be free of exception or qualifications not reasonably acceptable to the Bank and shall in any event contain a written statement of such accountants substantially to the effect that such accountants examined such statements and balance sheet in accordance with generally accepted auditing standards.
Annual Audited Reports. As soon as practicable, and in any event within one hundred twenty (120) days after the close of each fiscal year of the Borrowers, the Borrowers shall furnish to the Bank Consolidated audited and consolidating statements of income, retained earnings and cash flow of MHI and its Subsidiaries for such fiscal year and a Consolidated audited and consolidating balance sheet of MHI and its Subsidiaries as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, prepared in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for the changes in application in which such accountants concur), with such statements and balance sheet to be certified by an independent certified public accounting firm selected by MHI and acceptable to the Bank, together with any management letters of such accountants addressed to MHI. The report of such accountants shall be free of exception or qualifications not acceptable to the Bank and shall in any event contain a written statement of such accountants substantially to the effect that such accountants examined such statements and balance sheet in accordance with generally accepted auditing standards.
Annual Audited Reports. As soon as practicable, and in any event within ninety (90) days after the close of each fiscal year of the Borrowers, the Borrowers shall furnish to the Bank Consolidated audited and consolidating statements of income, retained earnings and cash flow of the Borrowers and their Subsidiaries for such fiscal year and a Consolidated audited and consolidating balance sheet of the Borrowers and their Subsidiaries as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, prepared in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for the changes in application in which such accountants concur), with such statements and balance sheet to be certified by an independent certified public accounting firm selected by the Borrowers and acceptable to the Bank, together with any management letters of such accountants addressed to the Borrowers. The report of such accountants shall be free of exception or qualifications not acceptable to the Bank and shall in any event contain a written statement of such accountants substantially to the effect that such accountants examined such statements and balance sheet in accordance with generally accepted auditing standards.
Annual Audited Reports. As soon as practicable, and in any event within one hundred twenty (120) days after the close of each fiscal year of Borrowers, Borrowers will furnish to Bank (i) consolidated statements of income, retained earnings and cash flow of Borrowers for such fiscal year and a consolidated balance sheet of Borrowers as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, prepared in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for changes in application in which such accountants concur) with such statements and balance sheet to be audited by Malin, Bxxxxxxx & Company, LLP, or other independent certified public accountants of recognized standing selected by Borrowers and satisfactory to Bank. The report of such accountants shall not set forth exceptions or qualifications not acceptable to Bank. Such opinion in any event shall contain a written statement of such accountants substantially to the effect that (i) such accountants examined such financial statements in accordance with generally accepted auditing standards and accordingly made such tests of accounting records and such other auditing procedures as such accountants considered necessary in the circumstances and (ii) in the opinion of such accountants such financial statements present fairly the financial position of the Borrowers as of the end of such fiscal year and the results of their operations and their cash flows and changes in stockholders’ equity for such fiscal year, in conformity with GAAP.
Annual Audited Reports. As soon as practicable, and in any event within 120 days after the close of each fiscal year of Borrower, Borrower will furnish to Bank audited consolidated balance sheets, statements of income, stockholders equity and cash flow of Parent and its subsidiaries as of and for each fiscal year end and notes to each, all in reasonable detail, with such statements and balance sheet to be certified by Beard Miller Company LLP, or other independent certified public accoxxxxxtx xx xecognized standing selected by Borrower and satisfactory to Bank. The independent auditor's report of such accountants shall be free of exception or qualifications not acceptable to Bank and shall in any event contain a written statement of such accountants substantially to the effect that such accountants prepared such statement and balance sheet in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for changes in application in which such accountants concur). In addition, upon request of Bank, Borrower will deliver internally prepared annual financial statements and a balance sheet showing the prior fiscal year and the current fiscal period in comparative form.
Annual Audited Reports. As soon as practicable, and in any event within ninety (90) days after the close of each fiscal year of the Borrower, the Borrower shall furnish to the Lender consolidated audited statements of income, retained earnings and cash flow for such fiscal year and a consolidated audited and consolidating balance sheet as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, prepared in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for changes in application in which such accountants concur), with such statements and balance sheet to be certified by an independent certified public accounting firm selected by the Borrower and acceptable to the Lender. The report of such accountants shall be free of exception or qualifications not acceptable to the Lender and shall in any event contain a written statement of such accountants substantially to the effect that such accountants examined such statements and balance sheet in accordance with generally accepted auditing standards.
Annual Audited Reports. As soon as available, and in any event within one hundred twenty (120) days after the close of each fiscal year of the Borrower, the Borrower shall furnish to the Bank consolidated audited and consolidating statements of income, retained earnings and cash flow for such fiscal year and a consolidated audited and consolidating balance sheet of the Borrower and its Subsidiaries as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, prepared in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for changes in application in which such accountants concur) with such statements and balance sheet to be certified by an independent certified public accounting firm selected by the Borrower and acceptable to the Bank. The report of such accountants shall be free of exception or qualifications not acceptable to the Bank and shall in any event contain a written statement of such accountants substantially to the effect that such accountants examined such statements and balance sheet in accordance with generally accepted auditing standards.
Annual Audited Reports. As soon as practicable, and in any event concurrently with submitting the same to the Securities and Exchange Commission or, if the Borrower is not obligated by law or contract to submit the same to the Securities and Exchange Commission, within 120 days after the close of each fiscal year of the Borrower, the Borrower will furnish to the Agents and the Lenders audited, consolidated statements of income, retained earnings and cash flow of the Borrower and its Consolidated Subsidiaries for such fiscal year and an audited, consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, with such statements and balance sheet to be certified by Pricewaterhouse Coopers LLP or other independent certified public accountants of recognized standing selected by the Borrower and satisfactory to the Agents. After the date hereof, the certificate or report of such accountants shall be free of exception or qualifications not acceptable to the Agents and the Lenders and shall in any event contain a written statement of such accountants substantially to the effect that such statements and balance sheet were prepared in accordance with GAAP (except for changes in application in which such accountants concur).
Annual Audited Reports. As soon as practicable, and in any event within one-hundred twenty (120) days after the close of each fiscal year of the Borrower, the Borrower shall furnish to the Lender consolidated audited statements of income, retained earnings and cash flow for the Borrower and its Subsidiaries for such fiscal year and a consolidated audited and consolidating balance sheet for the Borrower and its Subsidiaries as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, prepared in accordance with GAAP applied on a basis consistent with that of the preceding fiscal year (except for changes in application in which such accountants concur), with such statements and balance sheet to be certified by an independent certified public accounting firm selected by the Borrower. The report of such accountants shall be free of exception or qualifications not acceptable to the Lender and shall in any event contain a written statement of such accountants substantially to the effect that such accountants examined such statements and balance sheet in accordance with generally accepted auditing standards.
Annual Audited Reports. As soon as practicable, and in any event within 120 days after the close of each fiscal year of Borrower, Borrower will furnish to the Agent and the Banks audited, consolidated statements of income, retained earnings and cash flow of Borrower and its Consolidated Subsidiaries for such fiscal year and an audited, consolidated balance sheet of Borrower and its Consolidated Subsidiaries as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding fiscal year, with such statements and balance sheet to be certified by Price Waterhouse LLP or other independent certified public accountants of recognized standing selected by Borrower and satisfactory to the Agent. The certificate or report of such accountants shall be free of exception or qualifications not acceptable to the Agent and the Banks and shall in any event contain a written statement of such accountants substantially to the effect that such statements and balance sheet were prepared in accordance with generally accepted accounting principles applied on a basis consistent with that of the preceding fiscal year (except for changes in application in which such accountants concur).
