Common use of BUDGETS AND OTHER REPORTS Clause in Contracts

BUDGETS AND OTHER REPORTS. (a) The Company will deliver to each of AT&T and JWC, prior to the commencement of each fiscal year project spending and capital budgets for the succeeding fiscal year, projected monthly statements of income and cash flow for such fiscal year (the "Budget"), projected quarterly balance sheets for such fiscal year and as soon as practical after preparation thereof, complete and correct copies of all quarterly (if any) or annual budgetary analyses or forecasts of the Company and the Subsidiaries in the form customarily prepared by management for its own internal use or the use of the Company. The Company, AT&T and JWC shall once each calendar year, conduct an annual off-site meeting to review the Company's projections and business plans with respect to such fiscal year. (b) The Company shall also furnish to each of AT&T and JWC (i) within five (5) days of the Company's receipt thereof, copies of all management letters of the Company's accountants; (ii) within five (5) days of the Company's receipt thereof, notice with respect to any material pending or threatened litigation to which the Company or any Subsidiary is or may become a party; (iii) within five (5) days of the Company's receipt thereof, notice of any default or event of default with respect to any material agreement to which the Company or any Subsidiary is a party; (iv) within five (5) days of the filing thereof, copies of all material filings made by or on behalf of the Company or any Subsidiary with any governmental regulatory agency; and (v) such other information as either AT&T or JWC may reasonably request from time to time. (c) Within thirty (30) days after the end of each calendar month, the Company will deliver to each of AT&T and JWC monthly and year-to-date summaries, in a form and to the same extent prepared by the Company management on a consolidated basis broken down for each market in which the Company or any Subsidiary operates any System compared on a monthly and year-to-date basis to the Company's Budget, of the following: (a) number of POPs, (b) number of subscribers, (c) gross activations, (d) net activations, (e) deactivations (and setting forth the reason therefor), (f) acquisition cost per gross activation, (g) average monthly revenue per subscriber, (h) total number of roaming minutes, (i) total roaming revenue and (j) any other reasonable information which either AT&T or JWC may request from time to time.

BUDGETS AND OTHER REPORTS. (a) The Company will deliver to each of AT&T AWS and JWC, prior to the commencement of each fiscal year project projected spending and capital budgets for the succeeding fiscal year, projected monthly statements of income and cash flow for such fiscal year (the "Budget"), projected quarterly balance sheets for such fiscal year and as soon as practical after preparation thereof, complete and correct copies of all quarterly (if any) or annual budgetary analyses or forecasts of the Company and the Subsidiaries in the form customarily prepared by management for its own internal use or the use of the Company. The Company, AT&T and JWC shall once each calendar year, conduct an annual off-site meeting to review the Company's projections and business plans with respect to such fiscal year. (b) The Company shall also furnish to each of AT&T AWS and JWC (i) within five (5) days of the Company's receipt thereof, copies of all management letters of the Company's accountants; (ii) within five (5) days of the Company's receipt thereof, notice with respect to any material pending or threatened litigation to which the Company or any Subsidiary is or may become a party; (iii) within five (5) days of the Company's receipt thereof, notice of any default or event of default with respect to any material agreement to which the Company or any Subsidiary is a party; (iv) within five (5) days of the filing thereof, copies of all material filings made by or on behalf of the Company or any Subsidiary with any governmental regulatory agency; and (v) such other information as either AT&T AWS or JWC may reasonably request from time to time. (c) Within thirty (30) days after the end of each calendar month, the Company will deliver to each of AT&T AWS and JWC monthly and year-to-date summaries, in a form and to the same extent prepared by the Company management on a consolidated basis broken down for each market in which the Company or any Subsidiary operates any Cellular System or PCS System compared on a monthly and year-to-date basis to the Company's Budget, of the following: (a) number of POPs, (b) number of subscribers, (c) gross activations, (d) net activations, (e) deactivations (and setting forth the reason therefor), (f) acquisition cost per gross activation, (g) average monthly revenue per subscriber, (h) total number of roaming minutes, (i) total roaming revenue and (j) any other reasonable information which either AT&T AWS or JWC may reasonably request from time to time.

BUDGETS AND OTHER REPORTS. (a) The Company will deliver to each of AT&T and JWCthe Purchasers, prior to the commencement of each fiscal year project spending and capital budgets for the five immediately succeeding fiscal yearyears, projected monthly statements of income and cash flow for such fiscal year years (the "Budget"), projected quarterly balance sheets for such fiscal year years and as soon as practical after preparation thereof, complete and correct copies of all quarterly (if any) or annual budgetary analyses or forecasts of the Company and the Subsidiaries in the form customarily prepared by management for its own internal use or the use of the Company. The Company, AT&T Company and JWC the Purchasers shall once each calendar year, conduct an annual off-site meeting to review the Company's projections and business plans with respect to such fiscal yearyear and the immediately succeeding four fiscal years. (b) The Company shall also furnish to each of AT&T and JWC Purchaser (i) within five (5) days of the Company's receipt thereof, copies of all management letters of the Company's accountants; (ii) within five (5) days of the Company's receipt thereof, notice with respect to any material pending or threatened litigation to which the Company or any Subsidiary is or may become a party; (iii) within five (5) days of the Company's receipt thereof, notice of any default or event of default with respect to any material agreement to which the Company or any Subsidiary is a party; (iv) within five (5) days of the filing thereof, copies of all material filings made by or on behalf of the Company or any Subsidiary with any governmental regulatory agency; and (v) such other information as either AT&T or JWC any Purchaser may reasonably request from time to time. (c) Within thirty (30) days after the end of each calendar month, the Company will deliver to each of AT&T and JWC Purchaser monthly and year-to-date summaries, in a form and to the same extent prepared by the Company management on a consolidated basis broken down for each market in which the Company or any Subsidiary operates any System compared on a monthly and year-to-date basis to the Company's Budget, of the following: (a) number of POPsPops, (b) number of subscribers, (c) gross activations, (d) net activations, (e) deactivations (and setting forth the reason therefor), (f) acquisition cost per gross activation, (g) average monthly revenue per subscriber, (h) total number of roaming minutes, (i) total roaming revenue and (j) any other reasonable information which either AT&T or JWC the Purchasers may request from time to time.

BUDGETS AND OTHER REPORTS. (a) The Company Holdings will deliver to each of AT&T and JWCthe Purchasers, within thirty (30) days prior to the commencement of each fiscal year project spending and capital budgets for the five immediately succeeding fiscal yearyears, projected monthly statements of income and cash flow for such fiscal year years (the "Budget"), projected quarterly balance sheets for such fiscal year years and as soon as practical after preparation thereof, complete and correct copies of all quarterly (if any) or annual budgetary analyses or forecasts of the Company Holdings and the Subsidiaries in the form customarily prepared by management for its own internal use or the use of Holdings. Holdings and the Company. The Company, AT&T and JWC Purchasers shall once each calendar year, commencing with the Holdings's 1997 fiscal year, conduct an annual off-site meeting to review the CompanyHoldings's projections and business plans with respect to such fiscal yearyear and the immediately succeeding four fiscal years. (b) The Company Holdings shall also furnish to each of AT&T and JWC Purchaser (i) within five (5) days of the CompanyHoldings's receipt thereof, copies of all management letters of the CompanyHoldings's accountants; (ii) within five (5) days of the CompanyHoldings's receipt thereof, notice with respect to any material pending or threatened litigation to which the Company Holdings or any Subsidiary is or may become a party; (iii) within five (5) days of the CompanyHoldings's receipt thereof, notice of any default or event of default with respect to any material agreement to which the Company Holdings or any Subsidiary is a party; (iv) within five (5) days of the filing thereof, copies of all material filings made by or on behalf of the Company Holdings or any Subsidiary with any governmental regulatory agency; and (v) such other information as either AT&T or JWC any Purchaser may reasonably request from time to time. (c) Within thirty fifteen (3015) days after the end of each calendar monthmonth commencing with the calendar month ending February 28, the Company 1997, Holdings will deliver to each of AT&T and JWC Purchaser monthly and year-to-date summaries, in a form and to the same extent prepared by the Company management on a consolidated basis broken down for each market in which the Company Holdings or any Subsidiary operates any System compared on a monthly and year-to-date basis to the Company's BudgetSystem, of the following: (a) number of POPsPops, (b) number of subscribers, (c) gross activations, (d) net activations, (e) deactivations (and setting forth the reason therefor), (f) acquisition cost per gross activation, (g) average monthly revenue per subscriber, (h) total number of roaming minutes, (i) total roaming revenue and (j) any other reasonable information which either AT&T or JWC the Purchasers may request from time to time.