Monthly Operating Statements. Seller shall provide Buyer with a copy of the monthly operating statement for the operation of the Property on or before the ten (10) days after the end of each month commencing with the month during which the Effective Date occurs, and continuing for each full calendar month thereafter until the Closing Date.
Monthly Operating Statements. Seller shall promptly provide Buyer with copies of the monthly operating statements received from Property Owner as provided in the JDL Agreement for the operation of the Property for each month commencing with the month during which the Effective Date occurs, and continuing for each full calendar month thereafter until the Closing Date.
Monthly Operating Statements. As soon as available and in any event within 30 days after the end of each month, monthly operating statements of BOG including, without limitation, production reports and general and administrative cost summaries by lease for its Oil and Gas Properties, which reports shall include quantities or volume of production, revenue, realized product prices, taxes, capital expenditures by category and lease operating costs which have accrued to BOG's accounts in such period, and such other information with respect thereto as the Senior Loan Agent (or in the absence of a Senior Loan or Senior Loan Agent, the Agent) may require. The Borrower will furnish to the Agent, at the time it furnishes each set of financial statements pursuant to paragraph (a) or (b) above, a certificate substantially in the form of Exhibit C-2 to the Senior Credit Agreement executed by a Responsible Officer (i) certifying as to the matters set forth therein and stating that no Default has occurred and is continuing (or, if any Default has occurred and is continuing, describing the same in reasonable detail), (ii) setting forth in reasonable detail the computations necessary to determine whether the Borrower is in compliance with Sections 8.01 and 8.16 as of the end of the respective fiscal quarter or fiscal year, and (iii) certifying that said financial statements fairly present the consolidated and consolidating financial condition and consolidated results of operations in accordance with GAAP, as at the end of, and for, such period (subject to normal year-end audit adjustments).
Monthly Operating Statements. Commencing with the first calendar month after the month in which completion of construction occurs, and for each calendar month thereafter until the Conversion Date, Borrower shall prepare and deliver to Bondowner Representative, within 30 days after the end of each calendar month, an operating statement for the Property for the month then ended, together with a current rent roll and leasing status report for the Property, each certified by Borrower as being true and correct in all material respects and in form and substance satisfactory to Bondowner Representative. Borrower shall also deliver to Bondowner Representative, concurrently with Borrower’s delivery of the monthly operating statement and monthly rent roll for the Property described above, a cash flow statement for the Property for the month then ended (to the extent not reflected in the monthly operating statement), in form and substance satisfactory to Bondowner Representative.
Monthly Operating Statements. As soon as available and in any event within 30 days after the end of each month, monthly operating statements of the Borrower including, without limitation, production reports and general and administrative cost summaries by lease for its Oil and Gas Properties, which reports shall include quantities or volume of production, revenue, realized product prices, taxes, capital expenditures by category and lease operating costs which have accrued to the Borrower's accounts in such period, and such other information with respect thereto as the Agent may require.
Monthly Operating Statements. As soon as available, but in any event within twenty (20) days after the end of each calendar month, (i) a consolidated Operating Statement of Borrower with respect to the Property for the month just ended, year-to-date and trailing twelve months, as compared to budget, certified in writing to be true and correct by the chief financial officer or manager of Borrower and detailing the total revenues received, total expenses incurred, total costs of capital improvements, total debt service and total cash flow, (ii) a rent roll for the Leases (other than the Room Leases) at the Property effective as of the last day of such month, if applicable, (iii) an STR Report for the most recently completed month, detailing monthly occupancy, including average daily rates, identifying each of the Leases by the term, space occupied, rental required to be paid, security deposit paid, any rental concessions, and identifying any defaults or payment delinquencies thereunder; Lender shall be added to the Franchisor’s email distribution list for STR Reports and will remain on such list during the term of the Loan; (iv) copies of any franchise inspection reports received by Borrower during the prior month; and (v) a compliance certificate in substance and form acceptable to Lender: (A) certifying that the quarterly financial statements are true and correct, (B) certifying that the STR Report is based on the current competitive set and is an accurate picture of the performance of Property (C) certifying that the Property is current on the franchise fees with Franchisor and, otherwise, not in default of any of its obligations under the Franchise Agreement, (D) calculating the financial covenants set forth in Section 6.4 hereof, if any, (E) certifying that Borrower has complied with and is in compliance with all material terms, covenants and conditions of this Loan Agreement, or if such is not the case, stating which terms, covenants and conditions are not in compliance, (F) certifying that, to the best of Borrower’s knowledge, no Default or Event of Default exists or, if such is not the case, that one or more specified Defaults or Events of Default have occurred, and (G) the representations and warranties contained in this Loan Agreement are true in all material respects with the same effect as though made on the date of such certificate;
Monthly Operating Statements. 10. (a) The Manager covenants and agrees to submit to the Corporation on or before the 10th day of each calendar month, a statement of all money received and all expenditures made by the Manager hereunder during the immediate preceding calendar month. This statement will be accompanied by the remittance of funds in excess of requirements for the month for which the statement is being submitted. Such statement shall be substantially in the form prescribed by the Corporation. Copies of all invoices for supplies/services will accompany the statement.
Monthly Operating Statements. During a Cash Management Period, no later than twelve (12) Business Days after the end of each calendar month, a certificate executed by a Responsible Person of Borrower, in form and substance reasonably satisfactory to Administrative Agent, (i) setting forth the Actual Operating Revenues and Actual Operating Expenses (including leasing costs, capital expenditures and Approved Extraordinary Expenses) paid by Borrower during such month), as well as the Excess Cash Flow with respect to such month, (ii) comparing such Actual Operating Expenses with the Approved Operating Expenses and Approved Extraordinary Expenses for such month. The certificate executed by the Responsible Person of Borrower shall certify that, to the best of his or her knowledge, the information included in such certificate is true and correct, in all material respects, as of the date of the certificate, and shall be accompanied by such back-up information and documentation as Administrative Agent shall reasonably require.
Monthly Operating Statements. As soon as available, and in any event within 15 days after the close of each calendar month, an operating statement for each Collateral Pool Property and each Abundance of Caution Property as of the end of each calendar month, together with the Economic Occupancy Rate for the applicable Collateral Pool Property and applicable Abundance of Caution Property as of the end of such calendar month, setting forth in detail the earnings and expenses of each Collateral Pool Property and each Abundance of Caution Property for such calendar month, together with comparative form figures for the preceding calendar month, all such information to be in reasonable form and detail and reasonably acceptable to the Agent accompanied by a certificate of the chief financial officer of the Borrower that such monthly operating statements fairly present in all material respects the financial condition of the applicable Collateral Pool Property and the applicable Abundance of Caution Property.
Monthly Operating Statements. As soon as available and in any event within 30 days after the end of each month, monthly operating statements of the Borrower including, without limitation, production reports and general and administrative cost summaries by lease for its Oil and Gas Properties, which reports shall include quantities or volume of production, revenue, realized product prices, taxes, capital expenditures by category and lease operating costs which have accrued to the Borrower's accounts in such period, and such other information with respect thereto as the Agent may require. The Borrower will furnish to the Agent, at the time it furnishes each set of financial statements pursuant to paragraph (a) or (b) above, a certificate substantially in the form of Exhibit C-2 hereto executed by a Responsible Officer (i) certifying as to the matters set forth therein and stating that no Default has occurred and is continuing (or, if any Default has occurred and is continuing, describing the same in reasonable detail), (ii) setting forth in reasonable detail the computations necessary to determine whether Brigxxx Xxxloration is in compliance with Sections 5.2(q), (r) and (s) of its Guaranty Agreement as of the end of the respective fiscal
