Audited Statements Clause Samples
The "Audited Statements" clause requires a party, typically a company, to provide financial statements that have been examined and verified by an independent auditor. These statements usually include the balance sheet, income statement, and cash flow statement, and must be prepared in accordance with recognized accounting standards. By mandating the delivery of audited financials, this clause ensures transparency and accuracy in financial reporting, giving the other party confidence in the company's financial health and reducing the risk of misrepresentation.
Audited Statements. The consolidated balance sheet of Borrower and its Consolidated Subsidiaries as of December 31, 2014, and the related consolidated statements of operations, stockholders’ equity (or comparable calculation, if such Person is not a corporation) and cash flows for the fiscal year then ended, reported on by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP, copies of which have been delivered to the Initial Lenders, fairly present in all material respects, in conformity with GAAP, the consolidated financial position of Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations, changes in stockholders’ equity (or comparable calculation) and cash flows for such period.
Audited Statements. The consolidated balance sheet of Borrower and its Subsidiaries and the related consolidated statements of operations, stockholders’ or, as applicable, members’ equity and cash flows for the Fiscal Year then ended, in each case reported on in the case of consolidated financials by an independent certified public accounting firm of national standing acceptable to Agent, copies of which have been delivered to Agent from time to time pursuant to the terms of this Agreement, fairly present in all material respects, in conformity with GAAP, the consolidated financial position of Borrower and its Subsidiaries as of such date and the consolidated results of operations, changes in stockholders’ or, as applicable, members’ equity and cash flows for such period.
Audited Statements. At any time prior to the Closing Date, to the extent required by law or in the commercially reasonable opinion of Purchaser’s attorneys or public accountants, Purchaser and its independent auditors shall have determined that they can prepare, or have prepared, at a reasonable cost, any and all audited financial statements of Seller and/or the Business of Seller that are necessary to comply fully with any and all securities laws given Purchaser’ status as a publicly-traded company (NASDAQ:▇▇▇▇).
Audited Statements. As soon as reasonably practicable after the date hereof, Seller shall engage (pursuant to an engagement letter reasonably acceptable to each of Purchaser and Seller) an accounting firm that is certified by the Public Company Accounting Oversight Board and mutually agreed by Purchaser and Seller (the “Audit Firm”) to prepare, and Seller shall deliver to Purchaser as soon as reasonably practicable after the date hereof, the financial statements required for Purchaser to comply with 17 CFR §210.3-05 (such financial statements, the “Audited Statements”). Seller and Purchaser shall share equally all costs and documented expenses incurred by the Audit Firm in connection with the preparation of the Audited Statements. Seller shall keep Purchaser apprised of the Audit Firm’s progress in preparing the Audited Statements. If on the date that, but for this Section 5.18, the Closing would otherwise occur, either Purchaser or Seller reasonably believes that the Audited Statements will not be completed within sixty (60) days of such date, then the Closing Date shall not occur until the Parties mutually agree that the Audited Statements are expected to be completed within sixty (60) days of such later time.
Audited Statements. The consolidated balance sheet of Borrower and its Subsidiaries and the related consolidated statements of operations, stockholders' or, as applicable, members' equity and cash flows for the most recently ended Fiscal Year then ended for which financial statements have been delivered pursuant to Annex B hereto (or, if prior to the first delivery thereof, the most recent audited financials delivered on or prior to the Closing Date), in each case reported on by an independent certified public accounting firm of regional standing reasonably acceptable to Lender, copies of which have been delivered to Lender from time to time pursuant to the terms of this Agreement, fairly present in all material respects, in conformity with GAAP, the consolidated financial position of Borrower and its Subsidiaries as of such date and their consolidated results of operations, changes in stockholders' or, as applicable, members' equity and cash flows for such period.
Audited Statements. 6.4(b) Average Working Capital................................................2.2(b) Business...............................................................4.4(d) Cause..................................................................6.8(d) CBAs..................................................................4.17(a) ▇▇▇▇▇▇▇ County Arrangements........................................11.3(a)(v) Cleanup............................................................11.3(a)(v) Closing...................................................................3.1
Audited Statements. ▇▇▇▇▇▇▇ shall provide an annual operating statement, showing the amount of the annual gross sales, as herein defined, together with credit and allowance accounts for the preceding fiscal year. ▇▇▇▇▇▇▇ shall provide the audited statements to the District within ninety (90) days after the end of its fiscal year.
Audited Statements. CLTS shall have an audited statement prepared by its auditors for each year in which the BO NSR is payable by the 30th of June in the following year and CLTS shall deliver a copy of this statement to BO.
Audited Statements. Within 45 days after the Closing Date, the Borrower shall have delivered to the Agents, with a copy for each Lender, audited consolidated profit and loss and cash flow statements of Rust and its Subsidiaries for the fiscal years ended December 31, 1994 and December 31, 1995, in each case together with an audit report that does not contain an Impermissible Qualification from the independent public accountants that shall have audited such financial statements.
Audited Statements. (i) The consolidated and (unaudited) consolidating (but only to show the break-out of the Borrower and its Subsidiaries on a consolidated basis and not, for the avoidance of doubt, the break-out of each Project Company) balance sheet of Greenbacker Renewable Energy Company LLC and its Subsidiaries and the related consolidated and (unaudited) consolidating (but only to the extent as aforesaid) statements of operations, stockholders’ or, as applicable, members’ equity and cash flows for the Fiscal Year then ended, in each case reported on (in the case of consolidated financials) by an independent certified public accounting firm of national standing acceptable to Agent, copies of which have been delivered to Agent from time to time pursuant to the terms of this Agreement, fairly present in all material respects, in conformity with GAAP, the consolidated and (unaudited) consolidating (but only to the extent as aforesaid) financial position of Greenbacker Renewable Energy Company LLC and its Subsidiaries as of such date and their consolidated and (unaudited) consolidating (but only to the extent as aforesaid) results of operations, changes in stockholders’ or, as applicable, members’ equity and cash flows for such period and (ii) the balance sheet of the Borrower and the related statements of operations, stockholders’ or, as applicable, members’ equity and cash flows for the Fiscal Year then ended, in each case reported on by an independent certified public accounting firm of national standing acceptable to Agent, copies of which have been delivered to Agent from time to time when available pursuant to the terms of this Agreement, fairly present in all material respects, in conformity with GAAP, the financial position of the Borrower as of such date and its results of operations, changes in members' equity and cash flows for such period.