COMMITMENT TO TAKE ACTIONS Sample Clauses

COMMITMENT TO TAKE ACTIONS. As long as it shall be capable of being subject to any obligation under the terms of this Agreement , Borrower undertakes towards the Banks as follows: a) Handover of books of accountant financial records: - Annually, and at the latest with the expiration of a one hundred eighty (180) day period following the closing of each one of its accounting periods, the following documents: (i) certified copies of the annual report drafted by its board of directors (or its senior executives), its annual balance sheet, income statement and annexed documents as well as the general and special report produced by its auditors, (ii) certified copies of the annual report of the group drafted by its board of directors (or its senior executives)), its annual consolidated balance sheet and income statement as certified by its Auditors, - annually, and no later than the expiration of a 120 day period following the end of each accounting period, the Financial Ratios calculated based on the consolidated annual accounts certified by the Auditors, - annually, before December 31 of each accounting period, the estimated budget as well as a comment on this budget and its assumptions, - semi-annually and at the latest before the expiration of a 75 days period following the end of each six-month period, the consolidated semi-annual accounts audited by the Auditors, b) Additional information (i) to be supplied to Agent: - on written request by the Banks, any further information that could be reasonably required on the state of the entirety of the assets of Borrower and the subsidiary companies and the development of their financial situation, - as soon as they have been drafted, the minutes of its ordinary and extraordinary general meetings and of those of the subsidiary companies. (ii) to communicate to Agent any information relating to facts capable of seriously affecting the size or the value of the entirety of the assets, activity or the financial situation of Borrower or its subsidiary companies, in particular any legal procedure likely to lead to a judgment delivered against it for an amount exceeding 1,000,000 euros, or its exchange-value in any other currency or that of a subsidiary corporation and likely to call into question its capacity to meet its commitments under this Agreement , c) Changes to accounting rules: in the event of a change to the principles or accounting rules according to which the consolidated accounts of Borrower are prepared, to provide to Agent all the co...