Common use of GAAP Financial Statements Clause in Contracts

GAAP Financial Statements. (i) Within 45 days after the close of each of the first three Fiscal Quarters of each Fiscal Year (A) of the Borrower, a copy of the unaudited consolidated balance sheets of the Borrower and its Subsidiaries, as of the close of such quarter and the related statements of income and cash flows for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to normal year-end adjustments) and accompanied by the certification of an Executive Officer of the Borrower that all such financial statements are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments) the consolidated results of operations and cash flows of the Borrower and its Subsidiaries as at the end of such Fiscal Quarter and for the period then ended and (B) of the Parent, a copy of the unaudited consolidated and consolidating balance sheets of the Parent, as of the close of such quarter and the related consolidated and consolidating statements of income and cash flows for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to normal year-end adjustments) and accompanied by the certification of an Executive Officer of the Parent that all such financial statements are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments) the consolidated results of operations and cash flows of the Parent as at the end of such Fiscal Quarter and for the period then ended.

GAAP Financial Statements. (i) Within 45 days after the close of each of the first three Fiscal Quarters fiscal quarters of each Fiscal Year fiscal year beginning with the fiscal quarter ending after the Effective Date (A) of the BorrowerAlterra Bermuda, a copy of the unaudited consolidated balance sheets of the Borrower Alterra Bermuda and its Subsidiaries, as of the close of such quarter and the related statements of income and cash flows for that portion of the Fiscal Year fiscal year ending as of the close of such Fiscal Quarterfiscal quarter, all prepared in accordance with GAAP (subject to normal year-end adjustmentsadjustments and the absence of footnotes) and accompanied by the certification of an Executive a Responsible Officer of the Borrower Alterra Bermuda that all such financial statements are complete and correct and present fairly fairly, in all material respects, in accordance with GAAP (subject to normal year-end adjustmentsadjustments and the absence of footnotes) the financial position and consolidated results of operations and cash flows of the Borrower and its Subsidiaries Alterra Bermuda as at the end of such Fiscal Quarter fiscal quarter and for the period then ended and (B) of the ParentAlterra Capital, a copy of the unaudited consolidated and consolidating balance sheets of the ParentAlterra Capital, as of the close of such quarter and the related consolidated and consolidating statements of income and cash flows for that portion of the Fiscal Year fiscal year ending as of the close of such Fiscal Quarterfiscal quarter, all prepared in accordance with GAAP (subject to normal year-end adjustmentsadjustments and the absence of footnotes) and accompanied by the certification of an Executive a Responsible Officer of the Parent Alterra Capital that all such financial statements are complete and correct and present fairly fairly, in all material respects, in accordance with GAAP (subject to normal year-end adjustmentsadjustments and the absence of footnotes) the financial position and consolidated results of operations and cash flows of the Parent Alterra Capital as at the end of such Fiscal Quarter fiscal quarter and for the period then ended.

GAAP Financial Statements. (i) Within 45 days after the close of each of the first three Fiscal Quarters of each Fiscal Year (A) of the BorrowerMax Re, a copy of the unaudited consolidated balance sheets of the Borrower Max Re and its Subsidiaries, as of the close of such quarter and the related statements of income and cash flows for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to normal year-end adjustments) and accompanied by the certification of an Executive Officer of the Borrower Max Re that all such financial statements are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments) the consolidated results of operations and cash flows of the Borrower Max Re and its Subsidiaries as at the end of such Fiscal Quarter and for the period then ended and (B) of the Parent, a copy of the unaudited consolidated and consolidating balance sheets of the Parent, as of the close of such quarter and the related consolidated and consolidating statements of income and cash flows for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to normal year-end adjustments) and accompanied by the certification of an Executive Officer of the Parent that all such financial statements are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments) the consolidated results of operations and cash flows of the Parent as at the end of such Fiscal Quarter and for the period then ended.

GAAP Financial Statements. (i) Within 45 days after the close of each of the first three Fiscal Quarters of each Fiscal Year (A) of the BorrowerMax Bermuda, a copy of the unaudited consolidated balance sheets of the Borrower Max Bermuda and its Subsidiaries, as of the close of such quarter and the related statements of income and cash flows for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to normal year-end adjustments) and accompanied by the certification of an Executive Officer of the Borrower Max Bermuda that all such financial statements are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments) the consolidated results of operations and cash flows of the Borrower Max Bermuda and its Subsidiaries as at the end of such Fiscal Quarter and for the period then ended and (B) of the Parent, a copy of the unaudited consolidated and consolidating balance sheets of the Parent, as of the close of such quarter and the related consolidated and consolidating statements of income and cash flows for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to normal year-end adjustments) and accompanied by the certification of an Executive Officer of the Parent that all such financial statements are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments) the consolidated results of operations and cash flows of the Parent as at the end of such Fiscal Quarter and for the period then ended.