Best Buy 2003 Annual Report Download - page 64
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13.3. annually, within 120 days of Best Buy Co.’s fiscal year end:
10
13.3.1 aged list of accounts receivable of the Borrower with those accounts outstanding for over 60
days and any holdback monies being listed separately;
13.3.2 unaudited financial statements in respect of the Borrower, including a balance sheet, income
statement and comparison to plan, by an accountant acceptable to the Bank, acting reasonably, in
accordance with Canadian GAAP;
13.3.3 pro forma financial statements, budget and financial projections in respect of the Borrower for
the following fiscal year, which shall include, without limitation, a capital expenditures budget for the
Borrower; and
13.3.4 audited Consolidated Financial Statements in respect of Best Buy Co. by an accountant
acceptable to the Bank in accordance with US GAAP;
13.4. all financial statements and information required to be delivered by Best Buy Co.
and Stores L.P. to U.S. Bank National Association pursuant to the terms of the U.S.
Credit Agreement; and
13.5. all additional financial statements and information as and when reasonably
requested by the Bank.
Best Buy Co. shall from time to time deliver or cause to be delivered to the Bank the following promptly after any officer of Best Buy
Co. or any Subsidiary becomes aware of the same (all capitalized terms shall have the definitions ascribed to them in the U.S. Credit
Agreement. For example, the Company means Best Buy Co.):
13.6. any Event of Default or Unmatured Event of Default, specifying the nature and
extent thereof and the corrective action (if any) proposed to be taken with respect
thereto;
13.7. the filing or commencement of, or receipt of notice of intention of any person to
file or commence, any action, suit or proceeding, whether at law or in equity or by or
before any Governmental Authority, against the Company or any Subsidiary which has
had or would likely have a Material Adverse Effect on the Company;