Update Financials Clause Samples
The "Update Financials" clause requires one party, typically a borrower or business partner, to provide updated financial statements or reports to the other party at specified intervals or upon request. This may include delivering balance sheets, income statements, or other relevant financial documents to demonstrate ongoing financial health and compliance with agreement terms. By mandating regular financial disclosures, the clause ensures transparency, enables monitoring of financial performance, and helps the receiving party assess risk or make informed decisions.
Update Financials. The Company shall prepare and furnish to the Parent, promptly after becoming available and in any event within fifteen (15) Business Days of the end of each calendar month, an unaudited balance sheet and unaudited statements of income and cash flow with respect to the Company (the “Update Financials”) for each month following the date of the Latest Balance Sheet Date through the Closing Date.
Update Financials. Sellers shall cause to be prepared and furnished to Purchaser (i) promptly after becoming available and in any event within twenty (20) days of the end of each calendar month, the unaudited consolidated balance sheet of the Acquired Companies, and the related unaudited consolidated statement of income, cash flow and changes in stockholders’ equity of the Acquired Companies (the “Update Financials”) for each month following the Balance Sheet Date through the Closing Date, and (ii) the audited consolidated balance sheet of the Acquired Companies as of December 31, 2015 and 2016 and the audited statements of operations, stockholder’s equity, income and cash flows for the year ended December 31, 2015 and 2016.
Update Financials. AT&T shall (and shall cause NewCo to) use its commercially reasonable efforts to prepare and furnish to Investor, (i) promptly after becoming available and in any event within 30 days of the end of each calendar month, the reported revenue content cost and subscriber metrics of NewCo and the Transferred Subsidiaries for each month following the Most Recent Balance Sheet Date through the Closing Date and (ii) promptly after becoming available and in any event within 60 days of the end of each fiscal quarter, the unaudited consolidated balance sheet and statements of income of NewCo and the Transferred Subsidiaries for each fiscal quarter following the Most Recent Balance Sheet Date through the Closing Date prepared in accordance with the Transaction Accounting Principles.
Update Financials. Seller shall (or shall cause the Companies to) prepare and furnish to Buyer, promptly after becoming available and in any event within twenty (20) days of the end of each calendar month, the unaudited (i) balance sheet of (1) ElDorado CA, (3) ElDorado KS and (3) Goshen and (ii) combined balance sheet of Champion and General Coach, and, in each case, the related unaudited statement of income or combined statement of income (the “Update Financials”) for each month following the Most Recent Balance Sheet Date through the Closing Date.
Update Financials. As promptly as reasonably practicable, but in any event on or before February 15, 2006 the Company shall prepare and deliver to Parent an unaudited consolidated balance sheet as of December 31, 2005 and the related unaudited consolidated statement of operations and consolidated statement of cash flows for the year then ended (collectively, the “2005 Financials”). As promptly as reasonably practicable, but in any event not more than 30 days, following the last day of each calendar month beginning with the month of January 2006, the Company shall prepare and deliver to Parent an unaudited consolidated balance sheet as of the last day of such month and the related unaudited consolidated statement of operations and consolidated statement of cash flows for the month then ended (collectively, the “Monthly Financials” and, together with the 2005 Financials, the “Update Financials”). The Update Financials shall be prepared in accordance with GAAP except that they need not contain footnotes and may be subject to normal, recurring year-end audit adjustments that are not expected to be material in effect.
Update Financials. The Company shall prepare and furnish to the Buyer Parties, promptly after becoming available and in any event within ten (10) days of the end of each calendar month, the unaudited consolidated balance sheet of the Company and its Subsidiaries, and the related unaudited consolidated statement of income, cash flow and changes in stockholders’ equity of the Company and its Subsidiaries (the “Update Financials”) for each month following the Most Recent Balance Sheet Date through the Closing Date.