Common use of Annual Audited Reports Clause in Contracts

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 ninety (90) days after the close of each fiscal year of the Borrowers, the Borrowers will furnish to the Bank Agent and each of the Banks 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 BankBorrowers. The certificate or report of such accountants shall be free of exception or qualifications not reasonably acceptable to the Bank Agent and the Banks 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 one hundred twenty (90120) days after the close of each fiscal year of the BorrowersBorrower, the Borrowers Borrower will furnish to the Bank Consolidated audited statements of income, retained earnings and cash flow and shareholders' equity of the Borrowers Borrower and their its Subsidiaries for such fiscal year and a Consolidated audited balance sheet of the Borrowers Borrower and their 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 independent certified public accountants of recognized standing selected by the Borrowers Borrower and satisfactory to the Bank. The certificate or report of such accountants shall be free of exception exceptions 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 ninety (90) days after the close of each fiscal year of the BorrowersBorrower, the Borrowers Borrower will furnish to the Bank Agent and each of the Banks Consolidated audited statements of income, retained earnings and cash flow and shareholders' equity of the Borrowers Borrower and their its Subsidiaries for such fiscal year and a Consolidated audited balance sheet of the Borrowers Borrower and their 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 independent certified public accountants of recognized standing selected by the Borrowers Borrower and satisfactory to the BankBanks. The certificate or report of such accountants shall be free of exception exceptions or qualifications not reasonably acceptable to the Bank Banks 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 BorrowersBorrower, the Borrowers will Borrower shall furnish to the Bank Consolidated Lender consolidated audited statements of income, retained earnings and cash flow of for the Borrowers Borrower and their its Subsidiaries for such fiscal year and a Consolidated consolidated audited and consolidating balance sheet of for the Borrowers Borrower and their 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 accountants of recognized standing accounting firm selected by the Borrowers Borrower and satisfactory acceptable to the BankLender. The certificate or report of such accountants shall be free of exception or qualifications not reasonably acceptable to the Bank 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.