Common use of Operating Statement Clause in Contracts

Operating Statement. As soon as practicable, and in any event within forty-five days after the end of each calendar quarter, operating statements, which operating statements shall include actual quarterly and year-to-date net operating income and net cash flow results and comparison to the prior calendar year, in each case in the form and with the content described in Exhibit D-1, dated as of the last day of such calendar quarterly, certified by Borrower as being true, correct, and complete in all material respects (the “Operating Statement”).