Common use of Monthly and Quarterly Reports Clause in Contracts

Monthly and Quarterly Reports. Operator shall deliver to Owner, or to any Member upon request, within fifteen (15) days after the end of (i) each Accounting Month and (ii) each Quarterly Period; unaudited financial statements prepared from the books of account maintained by Operator with respect to the Condo-Hotel for each Accounting Month (“Monthly Statements”) and for each Quarterly Period (the “Quarterly Statements”) (the Monthly Statements and the Quarterly Statements, collectively, the “Reporting Period Statements”) containing: (a) a balance sheet as of the end of each Accounting Month and Quarterly Period; (b) an income statement showing the results of operation of the Condo-Hotel for each Accounting Month and Quarterly Period; and (c) a statement of Gross Revenue, Operating Expenses and EBITDAM. The Reporting Period Statements shall also show, to the extent applicable: (x) the amount of the Base Management Fee, Incentive Management Fee and/or any other fee payable to Operator pursuant to this Agreement, earned and accrued for the fiscal period then ended, and (y) an accounting with respect to the Shared Components Reserve Fund for the Condo-Hotel showing the amount deposited therein during the fiscal period then ended, the amounts withdrawn therefrom during such period, and a statement, in reasonable detail, showing the purpose or purposes for which such withdrawals were made. The Reporting Period Statements shall include, either as part of the report or by supplemental schedule, sufficient information from which Owner can determine, for the period in question the Reimbursable Expenses paid to Operator under Section 6.3. The cost of preparing the Reporting Period Statements for the Condo-Hotel for each Operating Year shall be charged as an Operating Expense.

Monthly and Quarterly Reports. Operator The Managers shall deliver to Owner, or to any Member upon request, within fifteen (15) days after the end of (i) each Accounting Month Month, and (ii) each Quarterly Period; unaudited financial statements prepared from the books of account maintained by Operator the Managers with respect to the Condo-Hotel Crystals Component for each Accounting Month (“Monthly Statements”) and for each Quarterly Period (the “Quarterly Statements”) (the Monthly Statements and the Quarterly Statements, collectively, the “Reporting Period Statements”) containing: (a) a balance sheet as of the end of each Accounting Month and Quarterly Period; (b) an income statement showing the results of operation of the Condo-Hotel Crystals Component for each Accounting Month and Quarterly Period; and (c) a statement of of, to the extent applicable to the Crystals Component, Gross Revenue, Operating Expenses and EBITDAM, to the extent regularly calculated. The Reporting Period Statements shall also show, to the extent applicable: (x) the amount of the Base Management Fee, Incentive Management Retail Operating Fee and/or any other fee payable to Operator the Managers pursuant to this Agreement, earned and accrued for the fiscal period then ended, and (y) an accounting with respect to the Shared Components Replacement Reserve Fund for the Condo-Hotel Crystals Component showing the amount deposited therein during the fiscal period then ended, the amounts withdrawn therefrom during such period, and a statement, in reasonable detail, showing the purpose or purposes for which such withdrawals were mademade or any allocations or reallocations made pursuant to Section 9.8. The Reporting Period Statements shall include, either as part of the report or by supplemental schedule, sufficient information from which Owner can determine, for the period in question question, the Reimbursable Expenses paid to Operator the Managers under Section 6.35.3. The cost of preparing the Reporting Period Statements for the Condo-Hotel Crystals Component for each Operating Year shall be charged as an Operating ExpenseExpense of the Crystals Component.

Monthly and Quarterly Reports. Operator shall Each Manager, shall, for its respective Component, deliver to Owner, or to any Member upon request, within fifteen (15) days after the end of (i) each Accounting Month Month, and (ii) each Quarterly Period; unaudited financial statements prepared from the books of account maintained by Operator the Managers with respect to the Condo-Hotel such Component for each Accounting Month (“Monthly Statements”) and for each Quarterly Period (the “Quarterly Statements”) (the Monthly Statements and the Quarterly Statements, collectively, the “Reporting Period Statements”) containing: (a) a balance sheet as of the end of each Accounting Month and Quarterly Period; (b) an income statement showing the results of operation of the Condo-Hotel Component for each Accounting Month and Quarterly Period; and (c) a statement of of, to the extent applicable to such Component, Gross Revenue, Operating Expenses and EBITDAM. The Reporting Period Statements shall also show, to the extent applicable: (x) the amount of the Base Management Fee, Incentive Management Fee Fee, and/or any other fee payable to Operator such Manager pursuant to this Agreement, earned and accrued for the fiscal period then ended, and (y) an accounting with respect to the Shared Components Replacement Reserve Fund for the Condo-Hotel each Component showing the amount deposited therein during the fiscal period then ended, the amounts withdrawn therefrom during such period, and a statement, in reasonable detail, showing the purpose or purposes for which such withdrawals were mademade or any allocations or reallocations made pursuant to Section 9.9. The Reporting Period Statements shall include, either as part of the report or by supplemental schedule, sufficient information from which Owner can determine, for the period in question question, the Reimbursable Expenses paid to Operator Managers under Section 6.35.3. The cost of preparing the Reporting Period Statements for the Condo-Hotel each Component for each Operating Year shall be charged as an Operating ExpenseExpense of the applicable Component.