Year-End Financial Reports. As soon as available and in any event within one hundred and twenty (120) days after the end of each fiscal year of Bluegreen Corporation: (i) the balance sheet of Bluegreen Corporation as of the end of such year and the related statements of income and cash flow for such Fiscal Year; (ii) a schedule of all outstanding indebtedness of Bluegreen Corporation describing in reasonable detail each such debt or loan outstanding and the principal amount and amount of accrued and unpaid interest with respect to each such debt or loan; and (iii) a copy of a report from a firm of independent certified public accountants selected by Bluegreen Corporation, which report shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of Bluegreen Corporation as of the dates indicated and the results of its operations and cash flow for the periods indicated in conformity with GAAP.
Year-End Financial Reports. As soon as reasonably practicable after the end of each fiscal year of the Company, the Managing Partner shall cause to be prepared and delivered to each Partner all financial information with respect to the Company necessary for preparation of the Partners'federal and state income tax returns.
Year-End Financial Reports. Borrower shall cause to be delivered the financial statements listed in clause (i) below, prepared, in accordance with GAAP; As soon as available and in any event within one hundred twenty (120) days after the end of each calendar year, with respect to Borrower, Orlando Breeze Resort Club and the Club: a balance sheet as of the end of such year and the related statements of operations, capital accounts, and changes therein and the related statements of cash flow for such fiscal year; together with the appropriate notes to such financial statements and supporting schedules, all of which shall be audited and certified by an independent firm of independent certified public accountants, shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of Borrower, each Resort Association, and the Club, as applicable, as of the dates indicated and the results of operations and cash flow for the periods indicated in conformity with GAAP;
Year-End Financial Reports. As soon as available and in any event within one hundred and twenty (120) days after the end of each fiscal year of each of the Guarantor and Borrower: (i) the consolidated and consolidating balance sheets of the Guarantor and its consolidated subsidiaries and the balance sheet of the Borrower as of the end of such year and the related consolidated and consolidating statements of income and cash flow for such fiscal year for the Guarantor and its consolidated subsidiaries and the related statements of income and cash flow for such fiscal year for Borrower; (ii) a schedule of all outstanding indebtedness of the Guarantor and the Borrower describing in reasonable detail each such debt or loan outstanding and the principal amount and amount of accrued and unpaid interest with respect to each such debt or loan; (iii) in the case of the Guarantor, copies of reports and any management letters from a firm of independent certified public accountants, selected by the Guarantor, which reports shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of the Guarantor and its consolidated subsidiaries, as of the dates indicated and the results of the Guarantor's operations and cash flow for the periods indicated in conformity with GAAP; and (iv) in the case of the Borrower, a certificate from the chief financial officer of the Borrower certifying that such financial statements present fairly the financial position of the Borrower, as of the dates indicated and the results of the Borrower's operations and cash flow for the periods indicated in conformity with GAAP;
Year-End Financial Reports. As soon as available and in any -------------------------- event within one hundred and twenty (120) days after the end of each Fiscal Year: (i) the balance sheet[s] of Borrower, Guarantor and the Timeshare Association as of the end of such year and the related statements of income and cash flow for such Fiscal Year; (ii) a schedule of all outstanding indebtedness of Borrower and Guarantor describing in reasonable detail each such debt or loan outstanding and the principal amount and amount of accrued and unpaid interest with respect to each such debt or loan; and (iii) with respect to the financial statements of Borrower, Guarantor and the Timeshare Association, copies of reports from a firm of independent certified public accountants selected by Borrower, which report shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of Borrower, Guarantor and the Timeshare Association as of the dates indicated and the results of its operations and cash flow for the periods indicated in conformity with GAAP.
Year-End Financial Reports. As soon as available and in any event within one hundred and twenty (120) days after the end of each fiscal year of Bluegreen and each Eligible Bluegreen Subsidiary that is an obligor under a Resort Loan: (i) the consolidated and consolidating balance sheets of Bluegreen and its consolidated subsidiaries and the balance sheets of each such Eligible Bluegreen Subsidiary as of the end of such year and the related consolidated and consolidating statements of income and cash flow for such fiscal year for Bluegreen and its consolidated subsidiaries and the related statements of income and cash flow for such fiscal year for each such Eligible Bluegreen Subsidiary; (ii) a schedule of all outstanding indebtedness of Bluegreen and such Eligible Bluegreen Subsidiary describing in reasonable detail each such debt or loan outstanding and the principal amount and amount of accrued and unpaid interest with respect to each such debt or loan; (iii) in the case of Bluegreen, copies of reports and any management letters from a firm of independent certified public accountants, selected by Bluegreen, which reports shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of Bluegreen and its consolidated subsidiaries, as of the dates indicated and the results of Bluegreen's operations and cash flow for the periods indicated in conformity with GAAP; and (iv) in the case of each such Eligible Subsidiary, a certificate from the chief financial officer of Bluegreen certifying that such financial statements present fairly the financial position of such Eligible Bluegreen Subsidiary, as of the dates indicated and the results of such Eligible Bluegreen Subsidiary's operations and cash flow for the periods indicated in conformity with GAAP;
Year-End Financial Reports. As soon as available and in any -------------------------- event within one hundred and twenty (120) days after the end of each calendar year: (i) the balance sheet[s] of Borrower, Guarantor and, upon completion of the Resort Improvements, the Project Association, as of the end of such year and the related statements of income and cash flow for such calendar year; (ii) a schedule of all outstanding indebtedness of Borrower and Guarantor describing in reasonable detail each such debt or loan outstanding and the principal amount and amount of accrued and unpaid interest with respect to each such debt or loan; and (iii) with respect to the financial statements of Borrower, Guarantor and the Project Association, copies of reports from a firm of independent certified public accountants selected by Borrower, which report shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of Borrower, LOAN AND SECURITY AGREEMENT-Page 29 --------------------------- Guarantor and the Project Association as of the dates indicated and the results of its operations and cash flow for the periods indicated in conformity with GAAP.
Year-End Financial Reports. As soon as available and in any event within one hundred and twenty (120) days after the end of each fiscal year: (I) the balance sheet of Borrower and Guarantor as of the end of such year and the related statements of income and cash flow for such fiscal year; (II) a schedule of all outstanding indebtedness
Year-End Financial Reports. As soon as available and in any event within one hundred and twenty (120) days after the end of each fiscal year of Borrower: (i) the balance sheet of Borrower as of the end of such year and the related statements of income and cash flow for such Fiscal Year; (ii) a schedule of all outstanding indebtedness of Borrower describing in reasonable detail each such debt or loan outstanding and the principal amount and amount of accrued and unpaid interest with respect to each such debt or loan; and (iii) with respect to the financial statements of Borrower, copies of reports from a firm of independent certified public accountants selected by Borrower, which report shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of Borrower as of the dates indicated and the results of its operations and cash flow for the periods indicated in conformity with GAAP.
Year-End Financial Reports. As soon as available and in any event within one hundred twenty (120) days after the end of each calendar year: (i) the balance sheet of Guarantor as of the end of such year and the related statements of income and cash flow for such year; (ii) a schedule of all outstanding indebtedness of Guarantor describing in reasonable detail each such debt or loan outstanding and the principal amount and amount of accrued and unpaid interest with respect to each such debt or loan; and (iii) the audited financial statements of Guarantor from a firm of independent certified public accountants, which shall be unqualified as to going concern and scope of audit and shall state that such financial statements present fairly the financial position of Guarantor as of the dates indicated and the results of operations and cash flow for the periods indicated in conformity with GAAP.
