Informational Covenant Sample Clauses
An Informational Covenant is a contractual provision that obligates one party to provide specific information to the other party during the term of the agreement. Typically, this clause requires regular updates, disclosures, or reports about relevant business activities, financial status, or compliance matters. For example, a borrower may be required to submit quarterly financial statements to a lender. The core practical function of this clause is to ensure transparency and enable the receiving party to monitor compliance and assess ongoing risk.
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Informational Covenant. Within sixty (60) days after the end of the fiscal year of the Borrower, the Borrower will furnish or cause to be furnished to Lender information required by the SBA concerning the economic impact of the Lender's investment, for (or as of the end of ) each fiscal year, including but not limited to, board minutes, information concerning full-time equivalent employees; Federal, state and local income taxes paid; gross revenue; source of revenue growth; after-tax profit and loss; and Federal, state and local income tax withholding. Such information shall be forwarded by Borrower on a form provided by the Lender. The Borrower also will furnish or cause to be furnished to the Lender such other information regarding the business, affairs and condition of the Borrower as the Lender may from time to time reasonably request.
Informational Covenant. Within sixty (60) calendar days after the end of the Company's fiscal year, the Company will furnish or cause to be furnished to Purchaser information required by the SBA concerning the economic impact of Purchaser's investment, for (or as of the end of) each fiscal year, including but not limited to: (i) board minutes, (ii) information concerning full-time equivalent employees, (iii) federal, state and local income taxes paid, (iv) gross revenue, (v) source of revenue growth, (vi) after-tax profit and loss, and (vii) and federal, state and local income tax withholding. Such information shall be forwarded by the Company on a form provided by Purchaser. The Company also will furnish or cause to be furnished to Purchaser such other information regarding the business, affairs and condition of the Company as Purchaser may from time to time reasonably request.
Informational Covenant. Borrower will furnish or cause to be furnished to Odyssey information required by the U.S. Small Business Administration ("SBA") concerning the economic impact of the Odyssey Loan, including but not limited to, information concerning taxes paid and number of employees. Borrower will also furnish or cause to be furnished to Lenders such other information regarding the business, affairs and condition of Borrower as Lenders may from time to time reasonably request. Borrower will permit Odyssey and examiners of the SBA to inspect the books and any of the properties or assets of Borrower and its affiliates and to discuss Borrower's business with senior management employees at such reasonable times as those persons may from time to time request. Odyssey agrees not to disclose any confidential information received from Borrower (except to its partners and to its professional advisors, whom Odyssey shall cause to keep such information confidential, and to the SBA) and to use the same care with such information as it affords to its own confidential information.
Informational Covenant. Within sixty (60) calendar days after the end of the Company’s fiscal year, the Company will furnish or cause to be furnished to Trident and CapSource information required by the SBA concerning the economic impact of Trident’s and CapSource’s investment, for (or as of the end of) each fiscal year, including but not limited to: (i) board minutes, (ii) information concerning full-time equivalent employees, (iii) federal, state and local income taxes paid, (iv) gross revenue, (v) source of revenue growth, (vi) after-tax profit and loss, and (vii) and federal, state and local income tax withholding. Such information shall be forwarded by the Company on a form provided by Trident and CapSource. The Company also will furnish or cause to be furnished to Trident and CapSource such other information regarding the business, affairs and condition of the Company as Trident may from time to time reasonably request.
Informational Covenant. The Company will furnish or cause to be furnished to RRGC information required by the U.S. Small Business Administration concerning the economic impact of RRGC's investment, including but not limited to, information concerning taxes paid and number of employees. The Company will furnish annually all information required on the appropriate SBA Forms. The Company will also furnish or cause to be furnished to RRGC such other information regarding the business, affairs and condition of the Company as RRGC may from time to time reasonably request. The Company will permit RRGC and examiners of the U.S. Small Business Administration to inspect the books and any of the properties or assets of the Company and its Subsidiaries and to discuss the Company's business with senior management employees at such reasonable times as RRGC may from time to time request. RRGC agrees not to disclose any confidential information received from the Company (except to its partners and to its professional advisors whom RRGC shall cause to keep such information confidential) and to execute a confidentiality agreement as required in Section 0.
Informational Covenant. Within sixty (60) days after the ---------------------- end of the fiscal year of the Company, the Company will furnish or cause to be furnished to each Investor requesting such information required by the SBA concerning the economic impact of such Investor's investment in the Company, for (or as of the end of) such fiscal year, including but not limited to, information concerning full-time equivalent employees, Federal, state and local income taxes paid, gross revenue, source of revenue growth, after-tax profit or loss, and Federal, state and local income tax withholding. Such information shall be forwarded by the Company on a form provided by the requesting Investor.
Informational Covenant. Borrower will furnish or cause to be furnished to the U.S. Small Business Administration (the "SBA") information required by the SBA concerning the economic impact of Lender's investment, including but not limited to information concerning federal, state, and local income taxes paid, number of employees, gross revenues, source of revenue growth, after tax profit or loss, and federal, state and employee income tax withholding. Borrower will furnish annually all information required on the appropriate SBA Forms. Borrower will also furnish or cause to be furnished to the SBA such other information regarding the business, affairs and condition of Borrower as the SBA may from time to time reasonably request. Borrower will permit SBA examiners to inspect the books and any of the properties or assets of Borrower and its subsidiaries and to discuss Borrower's business with senior management employees at such reasonable times as the SBA may from time to time request.