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);
(3)
AS SOON AS AVAILABLE, BUT IN ANY EVENT
PRIOR TO THE END OF EACH FISCAL YEAR, A COPY OF THE DETAILED ANNUAL OPERATING
BUDGET OR PLAN INCLUDING CASH FLOW PROJECTIONS OF THE GUARANTOR AND ITS
SUBSIDIARIES FOR THE NEXT FOUR FISCAL QUARTER PERIOD PREPARED ON A QUARTERLY
BASIS, IN FORM AND DETAIL REASONABLY ACCEPTABLE TO ROYAL, TOGETHER WITH A
SUMMARY OF THE MATERIAL ASSUMPTIONS MADE IN THE PREPARATION OF SUCH ANNUAL
BUDGET OR PLAN; PROVIDED, THAT SUCH BUDGET OR PLAN SHALL NOT BE REQUIRED FOR A
FISCAL YEAR IF (I) AS OF THE END OF SUCH FISCAL YEAR THE GUARANTOR HAS AN
INVESTMENT GRADE DEBT RATING OR (II) THE END OF SUCH FISCAL YEAR FALLS WITHIN
THE CASH COLLATERAL PERIOD;
ALL SUCH FINANCIAL STATEMENTS TO BE COMPLETE AND CORRECT IN ALL MATERIAL
RESPECTS (SUBJECT, IN THE CASE OF INTERIM STATEMENTS, TO NORMAL RECURRING
YEAR-END ADJUSTMENTS) AND TO BE PREPARED IN REASONABLE DETAIL AND, IN THE CASE
OF THE ANNUAL AND QUARTERLY FINANCIAL STATEMENTS PROVIDED IN ACCORDANCE WITH
SUBSECTIONS (1) AND (2) ABOVE, IN ACCORDANCE WITH GAAP APPLIED CONSISTENTLY
THROUGHOUT THE PERIODS REFLECTED THEREIN AND FURTHER ACCOMPANIED BY A
DESCRIPTION OF, AND AN ESTIMATION OF THE EFFECT ON THE FINANCIAL STATEMENTS ON
ACCOUNT OF, A MATERIAL CHANGE, IF ANY, IN THE APPLICATION OF ACCOUNTING
PRINCIPLES AS PROVIDED IN SECTION 1.11;
59
(F)
THAT IT WILL FURNISH TO ROYAL
CONCURRENTLY WITH THE DELIVERY OF THE FINANCIAL STATEMENTS REFERRED TO IN
SECTION 6.2(E)(1) ABOVE, A CERTIFICATE OF THE INDEPENDENT CERTIFIED PUBLIC
ACCOUNTANTS REPORTING ON SUCH FINANCIAL STATEMENTS STATING THAT IN MAKING THE
EXAMINATION NECESSARY THEREFOR NO KNOWLEDGE WAS OBTAINED OF ANY DEFAULT OR EVENT
OF DEFAULT, EXCEPT AS SPECIFIED IN SUCH CERTIFICATE;
(G)
THAT, CONCURRENTLY WITH THE DELIVERY OF THE
FINANCIAL STATEMENTS REFERRED TO IN SECTIONS 6.2(E)(1) AND (2) ABOVE, IT WILL
FURNISH TO ROYAL A CERTIFICATE OF A RESPONSIBLE OFFICER STATING THAT, TO THE
BEST OF SUCH RESPONSIBLE OFFICER'S KNOWLEDGE, EACH OF THE CREDIT PARTIES DURING
SUCH PERIOD OBSERVED OR PERFORMED IN ALL MATERIAL RESPECTS ALL OF ITS COVENANTS
AND OTHER AGREEMENTS, AND SATISFIED IN ALL MATERIAL RESPECTS EVERY CONDITION,
CONTAINED IN THE GUARANTOR CREDIT AGREEMENT TO BE OBSERVED, PERFORMED OR
SATISFIED BY IT, AND THAT SUCH RESPONSIBLE OFFICER HAS OBTAINED NO KNOWLEDGE OF
ANY DEFAULT OR EVENT OF DEFAULT (EACH AS DEFINED IN THE GUARANTOR CREDIT
AGREEMENT) EXCEPT AS SPECIFIED IN SUCH CERTIFICATE AND SUCH CERTIFICATE SHALL
INCLUDE THE CALCULATIONS IN REASONABLE DETAIL REQUIRED TO INDICATE COMPLIANCE
WITH SECTIONS 6.2(NN) AND (OO) AS OF THE LAST DAY OF SUCH PERIOD;
(H)
THAT, (I) WITHIN THIRTY (30) DAYS AFTER THE
SAME ARE SENT, IT WILL FURNISH TO ROYAL NOTICE OF AND COPIES OF ALL REPORTS
(OTHER THAN THOSE OTHERWISE PROVIDED PURSUANT TO SECTION 6.2(E) AND THOSE WHICH
ARE OF A PROMOTIONAL NATURE) AND OTHER FINANCIAL INFORMATION WHICH THE GUARANTOR