Common use of Annual Budget Plan Clause in Contracts

Annual Budget Plan. As soon as available, but in any event no more than 30 days after the end of fiscal year December 31, 1998 and each fiscal year thereafter, a copy of the detailed annual budget or plan for the next fiscal year set out by fiscal quarter, in form and detail reasonably acceptable to the Administrative Agent and the Majority Lenders, together with a summary of the material assumptions made in the preparation of the budget or plan; all such financial statements to include a breakdown by lines of business to fairly present in all material respects the financial condition and results from operations of the entities and for the periods specified (subject, in the case of interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and, in the case of the annual and quarterly financial statements provided in accordance with subsections (a) and (b) above, in accordance with GAAP applied consistently throughout the periods reflected therein (except as approved by such accountants or Authorized Signatory, as the case may be, and disclosed therein) and further accompanied by a description of, and an estimation of the effect on the financial statements on account of, a change in the application of accounting principles as provided in Section 1.3.

Annual Budget Plan. As soon as available, but in any event no more than 30 45 days after the end of fiscal year December 31, 1998 and each fiscal year thereafteryear, a copy of the detailed annual budget or plan for the next fiscal year set out by fiscal quartermonth, in form and detail reasonably acceptable to the Administrative Agent and the Majority Lenders, together with a summary of the material assumptions made in the preparation of the budget or plan; all such consolidating statements to be as to the four operating divisions of the Borrowers and all such monthly and quarterly financial statements to include a breakdown by lines of business to fairly present in all material respects the financial condition and results from operations of the entities and for the periods specified (subject, in the case of interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and, in the case of the annual and quarterly financial statements provided in accordance with subsections (a) and (b) above, in accordance with GAAP applied consistently throughout the periods reflected therein (except as approved by such accountants or Authorized Signatory, as the case may be, and disclosed therein) and further accompanied by a description of, and an estimation of the effect on the financial statements on account of, a change in the application of accounting principles as provided in Section 1.3.

Annual Budget Plan. As soon as available, but in any event no ------------------ more than 30 45 days after the end of fiscal year December 31, 1998 and each fiscal year thereafteryear, a copy of the detailed annual budget or plan for the next fiscal year set out by fiscal quartermonth, in form and detail reasonably acceptable to the Administrative Agent and the Majority Lenders, together with a summary of the material assumptions made in the preparation of the budget or plan; all such consolidating statements to be as to the five operating divisions of the Borrowers and all such monthly and quarterly financial statements to include a breakdown by lines of business to fairly present in all material respects the financial condition and results from operations of the entities and for the periods specified (subject, in the case of interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and, in the case of the annual and quarterly financial statements provided in accordance with subsections (a) and (b) above, in accordance with GAAP applied consistently throughout the periods reflected therein (except as approved by such accountants or Authorized Signatory, as the case may be, and disclosed therein) and further accompanied by a description of, and an estimation of the effect on the financial statements on account of, a change in the application of accounting principles as provided in Section 1.3.