Incredimail 2011 Annual Report Download - page 136

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4.4
No later than 45 days following the end of each calendar quarter, quarterly consolidated financial reports signed and approved by the Company's
Chief Financial Officer with regard to the Company's debtors, debts to the banking system and the Company's creditors. The aforementioned
financial reports shall include the following:
4.4.1
List of Principal Debtors
–
This report shall include information regarding the Company's principal debtors both in Israel and abroad,
cheques and promissory notes for collection, advances from clients (that were not provided against bank guarantees) and information
regarding the age of its debtors and the names of its principal clients.
4.4.2
Report Regarding the Company's Overall Liabilities to the Banking System and to Other Secured Creditors
–
This
report
shall
specify short term credit, long term loans, letters of credit issued, guarantees and overall credit granted by each bank and by each creditor.
4.4.3
Report Specifying Additional Liabilities
–
This report shall specify liabilities to employees (in respect of overtime, vacation,
compensation and retirement), Income Tax provisions, indebtedness to Local Authorities and indebtedness to Governmental Authorities
(e.g. Income Tax, Social Security, Purchase Tax, Property Tax etc.).
4.5
In addition to the aforementioned the Company shall provide the Bank, exercising reasonable discretion of a reasonable banker: any additional
report, document or information and any clarifications thereto that may be requested by the Bank. Without derogating from the generality of the
aforesaid, such additional information may include a detailed business plan as provided by the Company to its board of directors, reports that the
Company provided to its shareholders, all in the form and order as reasonably requested by the Bank.
5.
Undertaking to Provide Additional Reports
We undertake to furnish the Bank with copies of any permit, notice, report or other document that we are obliged to provide to the Registrar of Companies and/or the
Securities Authority and are publicly available, with the exclusion of the aforementioned Financial Reports and/or any undertaking specified in section 3.3.
6.
Undertaking not to Issue Bearer Securities
We undertake not to issue bearer securities without the prior written consent of the Bank.
We declare that, as at the date of execution of this document, the Company has not issued any bearer securities.
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