Ongoing Communications. During the period from the date of this Agreement to the Effective Date, Graystone and Tower shall, cause one or more of its designated representatives to confer on a weekly or more frequent basis with representatives of each other regarding its financial condition, operations and business and matters relating to the completion of the transactions contemplated hereby. Within fifteen (15) days of the end of each month, each party shall provide to the other a consolidated balance sheet and statement of operations for each month. As soon as reasonably available, but in no event more than 30 days after the end of each calendar quarter ending after the date of this Agreement, Graystone and Tower will deliver to the other party its quarterly report, and, as soon as reasonably available, but in no event more than 90 days after the end of each fiscal year ended December 31, Graystone and Tower will deliver to the other party its annual report.
Appears in 2 contracts
Sources: Merger Agreement (Tower Bancorp Inc), Merger Agreement (Tower Bancorp Inc)