Common use of Information Reporting Clause in Contracts

Information Reporting. For each Reporting Period PRODUCER shall submit to HORMEL FOODS a statement setting forth for such Reporting Period the following: (i) a report of the hedging activity conducted pursuant to Section 6, (ii) the Actual Production Costs and the Production Matrix Costs, (iii) the Production Margin Excess, if any, the Production Ledger Increase or the Production Ledger Decrease, as applicable, and the Production Ledger Balance (as of the beginning and as of the end of such Reporting Period), (iv) the Market Prices, (v) the Market Margin Excess, if any, the Market Ledger Increase or the Market Ledger Decrease, as applicable, and the Market Ledger Balance (as of the beginning and as of the end of such Reporting Period), and (v) a calculation of all amounts that are due or will become due under Section 5(b) for such Reporting Period together in each case with such supporting documents as may be reasonably requested by HORMEL FOODS. The report required by this Section shall be delivered to HORMEL FOODS within ten (10) days of the end the Reporting Period.