Common use of Financial Statements; Accountants’ Reports; Other Information Clause in Contracts

Financial Statements; Accountants’ Reports; Other Information. The Seller shall keep or cause to be kept in reasonable detail books and records of account of the Seller's assets and business, and shall clearly reflect therein the transfer of the Receivables and the Other Trust Property to the Trust and the sale of the Receivables as a sale to the Trust of the Seller's interest in the Receivables and the Other Trust Property. The Seller shall furnish to Financial Security, simultaneously with the delivery of such documents to the Trustee or the Noteholders, as the case may be, copies of all reports, certificates, statements, financial statements or notices furnished to the Trustee or the Noteholders, as the case may be, pursuant to the Transaction Documents. The Seller shall furnish to Financial Security as soon as available, and in any event within 90 days after the close of each fiscal year of the Seller, the unaudited balance sheet of the Seller as of the end of such fiscal year and the unaudited statements of income, changes in shareholders' equity and cash flows of the Seller for such fiscal year, all in reasonable detail and stating in comparative form the respective figures for the preceding fiscal year, prepared in accordance with generally accepted accounting principles, consistently applied.

Appears in 11 contracts

Samples: Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD)

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Financial Statements; Accountants’ Reports; Other Information. The Seller shall keep or cause to be kept in reasonable detail books and records of account of the Seller's assets and business, and shall clearly reflect therein the transfer of the Receivables and the Other Trust Property to the Trust and the sale of the Receivables as a sale to the Trust of the Seller's interest in the Receivables and the Other Trust Property. The Seller shall furnish to Financial Security, simultaneously with the delivery of such documents to the Trustee Trustee, the Noteholders or the NoteholdersCertificateholders, as the case may be, copies of all reports, certificates, statements, financial statements or notices furnished to the Trustee Trustee, the Noteholders or the NoteholdersCertificateholders, as the case may be, pursuant to the Transaction Documents. The Seller shall furnish to Financial Security as soon as available, and in any event within 90 days after the close of each fiscal year of the Seller, the unaudited balance sheet of the Seller as of the end of such fiscal year and the unaudited statements of income, changes in shareholders' equity and cash flows of the Seller for such fiscal year, all in reasonable detail and stating in comparative form the respective figures for the preceding fiscal year, prepared in accordance with generally accepted accounting principles, consistently applied.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD)

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