Common use of Statutory Financial Statements Clause in Contracts

Statutory Financial Statements. (a) Platinum Holdings will deliver to each Lender as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year beginning with the Fiscal Year ending December 31, 2011, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter beginning with the Fiscal Quarter ending June 30, 2011, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAP, in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) Documents required to be delivered pursuant to Section 6.1, 6.2 or 6.3(c) may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders or (ii) on which such documents are posted on behalf of Platinum Holdings on SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet or SyndTrak, Platinum Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Agent or such Lender), and (y) Platinum Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

Statutory Financial Statements. (a) Platinum Swiss Holdings will deliver to each Lender the Administrative Agent (for distribution to the Lenders) as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year fiscal year beginning with the Fiscal Year fiscal year ending December 31, 20112016, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter beginning with the Fiscal Quarter ending June 30, 2011, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAP, in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) . Documents required to be delivered pursuant to Section 6.15.1, 6.2 Section 5.2 or 6.3(cSection 5.3(c) may may, at Swiss Holdings’ option, be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Swiss Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders Lenders; or (ii) on which such documents are posted on behalf of Platinum Swiss Holdings on Intralinks, SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet internet, Intralinks or SyndTrak, Platinum Swiss Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender), ) and (y) Platinum Swiss Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Swiss Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

Statutory Financial Statements. (a) Platinum Holdings will deliver to each Lender as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year fiscal year beginning with the Fiscal Year fiscal year ending December 31, 20112005, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter fiscal quarter beginning with the Fiscal Quarter fiscal quarter ending June 30, 20112005, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the Platinum Holdings’s option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAP, in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) . Documents required to be delivered pursuant to Section 6.1, Section 6.2 or Section 6.3(c) may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders Lenders; or (ii) on which such documents are posted on Platinum Holdings’s behalf of Platinum Holdings on SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet or SyndTrak, Platinum Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Agent or such Lender), ) and (y) Platinum Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

Statutory Financial Statements. (a) Platinum Holdings will deliver to each Lender as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year fiscal year beginning with the Fiscal Year fiscal year ending December 31, 20112006, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter fiscal quarter beginning with the Fiscal Quarter fiscal quarter ending June 30, 20112006, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAP, in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) . Documents required to be delivered pursuant to Section 6.1, Section 6.2 or Section 6.3(c) may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders Lenders; or (ii) on which such documents are posted on behalf of Platinum Holdings on SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet or SyndTrak, Platinum Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Agent or such Lender), ) and (y) Platinum Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

Statutory Financial Statements. (a) Platinum Holdings will deliver to each Lender the Administrative Agent (for distribution to the Lenders) as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year fiscal year beginning with the Fiscal Year fiscal year ending December 31, 20112012, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter beginning with the Fiscal Quarter ending June 30, 2011, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAP, in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) . Documents required to be delivered pursuant to Section 6.1, Section 6.2 or Section 6.3(c) may may, at Holdings’ option, be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders Lenders; or (ii) on which such documents are posted on behalf of Platinum Holdings on Intralinks, SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet internet, Intralinks or SyndTrak, Platinum Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender), ) and (y) Platinum Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

Statutory Financial Statements. (a) Platinum Holdings will deliver to each Lender the Administrative Agent (for distribution to the Lenders) as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year fiscal year beginning with the Fiscal Year fiscal year ending December 31, 20112007, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter beginning with the Fiscal Quarter ending June 30, 2011, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAP, in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) . Documents required to be delivered pursuant to Section 6.15.1, 6.2 Section 5.2 or 6.3(cSection 5.3(c) may may, at Holdings’ option, be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders Lenders; or (ii) on which such documents are posted on behalf of Platinum Holdings on Intralinks, SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet internet, Intralinks or SyndTrak, Platinum Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender), ) and (y) Platinum Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

Statutory Financial Statements. (a) Platinum Holdings will deliver to each Lender the Administrative Agent (for distribution to the Lenders) as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year fiscal year beginning with the Fiscal Year fiscal year ending December 31, 20112007, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter beginning with the Fiscal Quarter ending June 30, 2011, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAP, in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) . Documents required to be delivered pursuant to Section 6.1, Section 6.2 or Section 6.3(c) may may, at Holdings’ option, be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders Lenders; or (ii) on which such documents are posted on behalf of Platinum Holdings on Intralinks, SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet internet, Intralinks or SyndTrak, Platinum Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender), ) and (y) Platinum Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

Statutory Financial Statements. (a) Platinum Holdings will deliver to each Lender as soon as available and in any event within five Business Days after the required filing date, an Annual Statement of each of its Material Insurance Subsidiaries as of the end of each Fiscal Year beginning with the Fiscal Year ending December 31, 20112013, and a Quarterly Statement of Platinum US as of the end of each Fiscal Quarter beginning with the Fiscal Quarter ending June 30March 31, 20112014, in each case in the form filed with the Insurance Regulatory Authority in its jurisdiction of domicile, prepared in accordance with SAP, or, at the option of Platinum Holdings with respect to Platinum Bermuda, prepared in accordance with GAAPGAAP (if GAAP then constitutes the statutory accounting practices prescribed or permitted by the relevant Insurance Regulatory Authority of Bermuda), in each case applied on a basis consistent with that of the preceding reporting period or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year. (b) Documents required to be delivered pursuant to Section 6.1, 6.2 or 6.3(c) may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which Platinum Holdings posts such documents, or provides a link thereto, on a website on the internet at a website address previously specified to the Administrative Agent and the Lenders or (ii) on which such documents are posted on behalf of Platinum Holdings on SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to the internet or SyndTrak, Platinum Holdings shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Agent or such Lender), and (y) Platinum Holdings shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.