Common use of Contractor Reports Clause in Contracts

Contractor Reports. (a) Upon departure of each Contractor Feeder Air Service flight from Feeder Air Service cities, flight close-out entries shall be made by Contractor in SABRE as required by AA. If Contractor becomes aware of any station(s) which have any deficiencies in making "close-out "entries as required by this Section, Contractor will promptly take corrective action to remedy such problem including the submission to AA of a corrective action plan. (b) Contractor will furnish to AA operating performance reports in accordance with Exhibit K. (c) Contractor will furnish to AA (1) within 45 days after the end of each of the three interim calendar quarters, unaudited financial statements including Contractor's then current corporate balance sheet and profit and loss statement, and (2) within 91 days after the end of Contractor's fiscal year, Contractor's then current, audited financial statements including, either separately or on a consolidated basis, the balance sheet and the profit and loss statement, together with associated footnotes, and a copy of the independent auditor's report. (d) AA may inspect Contractor's corporate records and accounts related to Contractor's Feeder Air Services, from time to time, upon reasonable notice during the life of this Agreement. (e) Each business day Contractor will furnish to AA (Attention: - Director - Planning) daily operating reports for each day of the week in a format specified by AA for the preceding day(s) as per Exhibit K.