Common use of Financial and Collateral Reports Clause in Contracts

Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's certified public accountants concur in any change therein and such change is disclosed to LenderLender and is consistent with GAAP):

Financial and Collateral Reports. Each Borrower has kept and will keep adequate records and books of account with respect to its business and financial activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactionstransactions (and Xxxxxxxxx Xxxxxxxx Credit II, L.L.C. Loan and Security Agreement which entries with respect to Wave2Wave are made in accordance with GAAP), and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless such Borrower's ’s certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Each Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's Borrowers' certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Each Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless such Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Each Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following Banc of America Commercial Finance Corporation Loan and Security Agreement -------------------------------------------------------------------------------- (all to be prepared in accordance with GAAP, unless such Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAPGAAP , unless Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP GAAP, reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Borrower has kept and will keep adequate records and books of account with respect to its business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's Borrowers certified public accountants concur in any change therein and such change is disclosed to Lender):

Financial and Collateral Reports. Borrower has Borrowers have kept and will keep adequate records and books of account with respect to its their business activities and the Collateral in which proper entries are made in accordance with GAAP reflecting all its financial transactions, and will cause to be prepared and furnished to Lender the following (all to be prepared in accordance with GAAP, unless Borrower's Borrowers' certified public accountants concur in any change therein and such change is disclosed to Lender):