Internal Financial Statements Clause Examples
The Internal Financial Statements clause requires a party, typically a company, to prepare and provide financial reports that reflect its financial position and performance for internal use. These statements may include balance sheets, income statements, and cash flow statements, and are often prepared on a monthly or quarterly basis for review by management or other specified parties. The core function of this clause is to ensure transparency and facilitate informed decision-making by providing up-to-date financial information within the organization or to contractual partners.
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Internal Financial Statements. The Agency may at any time request the Recipient to provide a copy of its internally prepared financial statements, when deemed necessary by the Agency, and the Recipient shall provide them, upon written request.
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Internal Financial Statements. The Agency may require submission of fi- nancial statements prepared by the borrower at whatever frequency is de- termined necessary to adequately mon- itor the loan. Quarterly financial state- ments will be required on new business enterprises or those needing close mon- itoring.
Internal Financial Statements. The Recipient shall provide a copy of its semiannual internally prepared financial statements, for monitoring purposes, within sixty (60) days following the respective six month period. The Agency reserves the right to change the interval of monitoring and of receipt of internally prepared financial statements, when deemed necessary by the Agency and the Recipient shall provide them, upon written requests.
Internal Financial Statements for each calendar month, as soon as available and in any event by the date a Borrowing Base Report is delivered in following calendar month, the Internal Financial Statements for such month; it being understood that any information provided pursuant to this Section 10.1.2
Internal Financial Statements. 8.4.1 Seller has delivered to Buyer copies of the unaudited internal operating income statements of Seller related to the Assets, and the Business as of December 31, 1997,1998 and 1999, along with a detailed list of the Assets as of July 31, 2000. Said unaudited internal operating income statements and the detailed list of Assets are referred to as the "Internal Financial Statements".
8.4.2 The Internal Financial Statements are complete and correct and fairly and accurately present the operating income and the Assets of the Business as and at the respective dates thereof in conformity with (a) Seller's books and records; (b) are without any change except as to which Seller believed reasonably necessary to present the stated information; and (c) to Seller's knowledge, fairly represent the operating income and the Assets of the Business on a basis consistent with that of the preceding periods. Buyer shall have the right to audit such Internal Financial Statements and Seller will cooperate in any such audit at Buyer's expense.
Internal Financial Statements. The financial statements of the BORROWER, balance sheet and income statement, attaching analytical statements of the principal control accounts, with information at the closing of the months of December, March, June and September, respectively, during the life of the credit and for as long as there is a balance owed by the BORROWER. The aforesaid financial statements shall be prepared according to the Financial Reporting Standards (NIF), the International Financial Reporting Standards (IFRS) or the Generally Accepted Accounting Principles for companies based in the United States (US GAAP) and be duly signed by the BORROWER’s legal representative.
Internal Financial Statements. Seller shall provide to Buyer internally prepared monthly balance sheets and statements of, income, changes in stockholders' equity, and cash flows within fifteen (15) days after the end of each month and a comparison of actual financial statements to the Revised Fiscal 2005 Budget.
Internal Financial Statements. As soon as available and in any event within 60 days after the end of each fiscal quarter of the Company, a consolidated income statement of the Company and its consolidated Subsidiaries for such quarterly period and for the portion of the fiscal year ending with such period, in each case setting forth in comparative form consolidated figures for the corresponding period or periods of the preceding fiscal year (subject to normal recurring year-end audit adjustments), all in reasonable form and detail acceptable to the Administrative Agent and the Required Lenders, all such financial statements to be prepared in accordance with GAAP (but without giving effect to the implementation of Securities and Exchange Commission Staff Accounting Bulletin 101 regarding recognition of revenue in certain retail transactions) applied consistently throughout the periods reflected therein.