Common use of Annual Financial Projections Clause in Contracts

Annual Financial Projections. Furnish to the Bank, in form and reporting basis satisfactory to the Bank, not later than thirty (30) days prior to the commencement of each fiscal year of the Borrower, projected financial statements of the Borrower containing the balance sheet of the Borrower of the beginning of each such fiscal year, statements of income and retained earnings and a statement of cash flows for each such fiscal year, and such other comments and financial details as are usually included in similar reports prepared by management of Borrower utilizing their then current knowledge and reasonable expectations with respect to the periods covered thereby.

Annual Financial Projections. Furnish to the Bank, in form and reporting basis satisfactory to the Bank, not later than thirty (30) days prior to the commencement of each fiscal year of the each Borrower, projected financial statements of the each Borrower containing the balance sheet of the each Borrower of the beginning of each such fiscal year, statements of income and retained earnings and a statement of cash flows for each such fiscal year, and such other comments and financial details as are usually included in similar reports prepared by management of each Borrower utilizing their then current knowledge and reasonable expectations with respect to the periods covered thereby.