Common use of Periodic Financial Statements Clause in Contracts

Periodic Financial Statements. As soon as available and in any event within 5 days after the date on which such financial statements are required to be filed with the SEC or, if earlier, on the date on which such financial statements are delivered to the holders of the Junior Lien Notes with respect to each of the first three quarterly accounting periods in each fiscal year of the Parent Borrower (or, if such financial statements are not required to be filed with the SEC or delivered to the holders of the Junior Lien Notes, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Parent Borrower and the Subsidiaries and, if different, the Parent Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Parent Borrower and the Restricted Subsidiaries, a detailed reconciliation, reflecting such financial information for the Parent Borrower and the Restricted Subsidiaries, on the one hand, and the Parent Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Parent Borrower, subject to changes resulting from audit and normal year-end audit adjustments.

Periodic Financial Statements. As soon as available and in any event within 5 days Business Days after the date on which such financial statements are required to be filed with the SEC or, if earlier, on the date on which such financial statements are delivered to the holders of the Junior Lien Notes with respect to each of the first three quarterly accounting periods in each fiscal year of the Parent Borrower (or, if such financial statements are not required to be filed with the SEC or delivered to the holders of the Junior Lien NotesSEC, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Parent Borrower and the Subsidiaries and, if different, the Parent Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Parent Borrower and the Restricted Subsidiaries, a detailed reconciliation, reflecting such financial information for the Parent Borrower and the Restricted Subsidiaries, on the one hand, and the Parent Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Parent Borrower, subject to changes resulting from audit and normal year-end audit adjustments.

Periodic Financial Statements. As soon as available Throughout the Term of this Lease, Tenant shall prepare and in any event deliver to Landlord (a) within 5 days after the date on which such financial statements are required to be filed with the SEC or, if earlier, on the date on which such financial statements are delivered to the holders of the Junior Lien Notes with respect to each of the first three quarterly accounting periods in each fiscal year of the Parent Borrower ten (or, if such financial statements are not required to be filed with the SEC or delivered to the holders of the Junior Lien Notes, on or before the date that is 45 10) calendar days after the end of each such quarterly accounting period)month during the Term hereof, a statement of Total Facility Revenues and a statement of Aggregate Total Facility Revenues for the consolidated balance sheets of immediately preceding month and for the Parent Borrower and the Subsidiaries and, if different, the Parent Borrower and the Restricted Subsidiaries, in each case as at Fiscal Year to date; (b) within twenty (20) calendar days after the end of such quarterly period and each month during the related Term, (i) consolidated financial statements of operations PGMI, including an income (or profit and loss) statement and operating balance sheet showing the consolidated results of the operation of PGMI for such quarterly accounting period the immediately preceding month, for the Fiscal Quarter and for the elapsed portion of the fiscal year ended with the last day of such quarterly periodFiscal Year to date, and (ii) a completed Golf Club membership report substantially in the related consolidated statement of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly periodform of, and setting forth comparative consolidated figures the information required by, Schedule 17.2 attached hereto with respect to such Golf Club memberships as of the end of the immediately preceding month; and (c) within fifteen (15) calendar days after the end of each month during the Term hereof, an income (or profit and loss) statement and operating balance sheet showing the results of the operation of the Leased Property for the related immediately preceding month, for the Fiscal Quarter and for the Fiscal Year to date, an accounts receivable member’s aging report and a manager’s summary report covering trading results and significant operating issues. Tenant shall deliver the statement of Total Facility Revenues and the statement of Aggregate Total Facility Revenues required under within the designated time periods in the prior fiscal year or, form customarily provided in the case of such consolidated balance sheetindustry and approved in advance by Landlord. The aforesaid financial statements shall be accompanied by an Officer’s Certificate which, for the last day purposes hereof shall mean a Certificate of the prior fiscal year Chief Financial Officer of Tenant (oror of Tenant’s general partner or managing member, if applicable) in lieu which such Officer shall certify (i) that such statements have been properly prepared in accordance with GAAP and are true, correct and complete in all material respects and fairly present the consolidated financial condition of such unaudited financial statements Tenant at and as of the Parent Borrower dates thereof and the Restricted Subsidiaries, a detailed reconciliation, reflecting such financial information results of its operations for the Parent Borrower and the Restricted Subsidiaries, on the one handperiod covered thereby, and the Parent Borrower and the Subsidiaries, on the other hand), all (ii) that no Event of which shall be certified by an Authorized Officer of the Parent Borrower, subject to changes resulting from audit and normal year-end audit adjustmentsDefault has occurred or is continuing hereunder.

Periodic Financial Statements. As soon as available and in any event within 5 days daysBusiness Days after the date on which such financial statements are required to be filed with the SEC or, if earlier, on the date on which such financial statements are delivered to the holders of the Existing Junior Lien Notes with respect to each of the first three quarterly accounting periods in each fiscal year of the Parent Borrower (or, if such financial statements are not required to be filed with the SEC or delivered to the holders of the Existing Junior Lien Notes, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Parent Borrower and the Subsidiaries and, if different, the Parent Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Parent Borrower and the Restricted Subsidiaries, a detailed reconciliation, reflecting such financial information for the Parent Borrower and the Restricted Subsidiaries, on the one hand, and the Parent Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Parent Borrower, subject to changes resulting from audit and normal year-end audit adjustments.

Periodic Financial Statements. As soon as available Throughout the Term of this Lease, Tenant shall prepare and in any event deliver to Landlord (a) within 5 days after the date on which such financial statements are required to be filed with the SEC or, if earlier, on the date on which such financial statements are delivered to the holders of the Junior Lien Notes with respect to each of the first three quarterly accounting periods in each fiscal year of the Parent Borrower ten (or, if such financial statements are not required to be filed with the SEC or delivered to the holders of the Junior Lien Notes, on or before the date that is 45 10) calendar days after the end of each such quarterly accounting period)month during the Term hereof, a statement of Total Facility Revenues and a statement of Aggregate Total Facility Revenues for the consolidated balance sheets of immediately preceding month and for the Parent Borrower and the Subsidiaries and, if different, the Parent Borrower and the Restricted Subsidiaries, in each case as at Fiscal Year to date; (b) within twenty (20) calendar days after the end of such quarterly period and each month during the related Term, (i) consolidated financial statements of operations PGMI, including an income (or profit and loss) statement and operating balance sheet showing the consolidated results of the operation of PGMI for such quarterly accounting period the immediately preceding month, for the Fiscal Quarter and for the elapsed portion of the fiscal year ended with the last day of such quarterly periodFiscal Year to date, and (ii) a completed Golf Club membership report substantially in the related consolidated statement of cash flows for the elapsed portion of the fiscal year ended with the last day of such quarterly periodform of, and setting forth comparative consolidated figures the information required by, Schedule 17.2 attached hereto with respect to such Golf Club memberships as of the end of the immediately preceding month; and (c) within fifteen (15) calendar days after the end of each month during the Term hereof, an income (or profit and loss) statement and operating balance sheet showing the results of the operation of the Leased Property for the related immediately preceding month, for the Fiscal Quarter and for the Fiscal Year to date, an accounts receivable member’s aging report and a manager’s summary report covering trading results and significant operating issues. Tenant shall deliver the statement of Total Facility Revenues and the statement of Aggregate Total Facility Revenues required under within the designated time periods in the prior fiscal year or, form customarily provided in the case of such consolidated balance sheetindustry and approved in advance by the Landlord. The aforesaid financial statements shall be accompanied by an Officer’s Certificate which, for the last day purposes hereof shall mean a Certificate of the prior fiscal year Chief Financial Officer of Tenant (oror of Tenant’s general partner or managing member, if applicable) in lieu of which such unaudited Officer shall certify (i) that such statements have been properly prepared in accordance with GAAP and are true, correct and complete in all material respects and fairly present the consolidated financial statements condition of the Parent Borrower Tenant at and as of the dates thereof and the Restricted Subsidiaries, a detailed reconciliation, reflecting such financial information results of its operations for the Parent Borrower and the Restricted Subsidiaries, on the one handperiod covered thereby, and the Parent Borrower and the Subsidiaries, on the other hand), all (ii) that no Event of which shall be certified by an Authorized Officer of the Parent Borrower, subject to changes resulting from audit and normal year-end audit adjustmentsDefault has occurred or is continuing hereunder.