Common use of Consolidation of Financial Information Clause in Contracts

Consolidation of Financial Information. The Parties agree that generally accepted accounting principles and U.S. Securities and Exchange Commission rules require Buyer to evaluate whether Buyer must consolidate Seller’s financial information on Buyer’s financial statements. Buyer shall require access to financial records and personnel to determine if consolidated financial reporting is required. If Buyer determines at any time that such consolidation is required, Buyer shall require the following from Seller within sixty (60) days after the end of every calendar quarter for the Term of this Agreement (provided, however, that with respect to the fourth calendar quarter such information shall not be due until 120 days after the end of such fourth calendar quarter):

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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