Common use of Annual Operating Budget and Financial Projections Clause in Contracts

Annual Operating Budget and Financial Projections. Within forty five (45) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 4 contracts

Samples: Loan Agreement (Response Biomedical Corp), Loan Agreement (Response Biomedical Corp), Loan Agreement (Aquinox Pharmaceuticals, Inc)

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Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerBorrower Representative (and promptly and within five (5) days of any material modification thereto), (i) an annual operating budgets budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of BorrowerBorrower Representative, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by BorrowerBorrower Representative’s board of directorsBoard, together with any related business forecasts used in the preparation of such annual financial projections;.

Appears in 4 contracts

Samples: Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.)

Annual Operating Budget and Financial Projections. Within forty five Upon the earlier of (45x) 60 days after the end of each fiscal year of BorrowerBorrower Representative and (y) five Business Days after approval by the Borrower Representative’s Board of Directors (and, (i) in either case, promptly and within five Business Days of any material modification thereto), an annual operating budgets budget, on a consolidated basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBorrower Representative, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 3 contracts

Samples: Conformed Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.)

Annual Operating Budget and Financial Projections. Within forty five (45) 30 days after the end last day of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (iA) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming current fiscal year of Borrower, and (iiB) annual financial projections for the following current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 3 contracts

Samples: 2023 Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.), Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.), Loan and Security Agreement (Eyenovia, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of Borrower and as updated promptly following approval by Borrower, ’s Board of Directors (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board Board of directorsDirectors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 3 contracts

Samples: Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.)

Annual Operating Budget and Financial Projections. Within forty forty-five (45) days after the end of each fiscal year of Borrower, and as amended and/or updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 2 contracts

Samples: Loan and Security Agreement (Array Biopharma Inc), Loan and Security Agreement (Array Biopharma Inc)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of BorrowerBorrower Representative (and promptly and within five (5) Business Days of Board approval of any material modification thereto), (i) an annual operating budgets budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBorrower Representative, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Evelo Biosciences, Inc.), Loan and Security Agreement (Evelo Biosciences, Inc.)

Annual Operating Budget and Financial Projections. Within forty forty-five (45) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBoard, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Avalara Inc)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerBorrower Representative (and within five (5) days of any material modification thereto), (i) an annual operating budgets budget, on a consolidated basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBorrower Representative, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.)

Annual Operating Budget and Financial Projections. Within forty five the sixty (4560) days after the end of each fiscal year of Borrower, and within thirty (30) days of any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming such fiscal year of Borrower, and (ii) annual financial projections for the following such fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 2 contracts

Samples: Loan and Security Agreement (PhaseBio Pharmaceuticals Inc), Loan and Security Agreement (PhaseBio Pharmaceuticals Inc)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and within thirty (30) days of any material updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any material related business forecasts used in the preparation of such annual financial projections;

Appears in 2 contracts

Samples: Loan and Security Agreement (SI-BONE, Inc.), Loan and Security Agreement (SI-BONE, Inc.)

Annual Operating Budget and Financial Projections. Within forty forty-five (45) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projectionsprojections and, as soon as available, any periodic updates thereto;

Appears in 2 contracts

Samples: Loan and Security Agreement (Clearside Biomedical, Inc.), Loan and Security Agreement (Clearside Biomedical, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrowerthe CompanyParent (and promptly and within five (5) Business Days of any material modification thereto), (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrowerthe CompanyParent, and (ii) annual financial projections and financial models for the following such fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 2 contracts

Samples: Note Purchase and Security Agreement (Lemonade, Inc.), Note Purchase and Security Agreement (Metromile, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of BorrowerBorrower (and promptly and within five (5) days of any material modification thereto), (i) annual operating budgets budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following such fiscal year (on a quarterly consolidating basis) as approved by Borrower’s board of directorsBoard, together with any related business forecasts used in the preparation of such annual financial projections;.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Aspen Group, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerHoldings (and promptly within five (5) Business Days of any material modification thereto), (i) annual an operating budgets budget and projections, on a consolidated basis (including income statements, balance sheets and cash flow statements, by monthfiscal quarter) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors12-month period, together with any related business forecasts used in the preparation thereof, any projected changes in financial position and projected income, along with a description of the underlying assumptions applicable to such annual financial projections;.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (FiscalNote Holdings, Inc.), Credit and Guaranty Agreement (FiscalNote Holdings, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerBorrower Representative (and promptly and within five (5) days of any material modification thereto), (i) an annual operating budgets budget, on a consolidated and consolidating (if applicable) basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBorrower Representative, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Surface Oncology, Inc.), Loan and Security Agreement (Surface Oncology, Inc.)

Annual Operating Budget and Financial Projections. Within forty five ninety (4590) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Tenable Holdings, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerBorrower Representative (and promptly and within five (5) days of any material modification thereto), (i) annual operating budgets budgets, on a consolidated basis (including income statements, statements and balance sheets and cash flow statementssheets, by month) for the upcoming fiscal year of BorrowerBorrower Representative, and (ii) annual financial projections for the following such fiscal year (on a quarterly consolidated basis) as approved by BorrowerBorrower Representative’s board of directors, together with any related business forecasts used Board and a comparison to the respective financial statements for the corresponding date and period in the preparation of such annual financial projections;immediately preceding fiscal year.

Appears in 1 contract

Samples: Loan and Security Agreement (Vapotherm Inc)

Annual Operating Budget and Financial Projections. Within forty five (45) 60 days after the end of each fiscal year of BorrowerBorrower Representative (and promptly and within five Business Days of any material modification thereto), (i) annual operating budgets budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by monthstatements for Borrower Representative) for the upcoming fiscal year of BorrowerBorrower Representative, and (ii) annual financial projections for the following such fiscal year (on a quarterly basis) as approved by BorrowerBorrower Representative’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;Board.

Appears in 1 contract

Samples: Loan and Security Agreement (PROCEPT BioRobotics Corp)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and within thirty (30) days of any material updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then- current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any material related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

Annual Operating Budget and Financial Projections. Within forty five ninety (4590) days after the end of each fiscal year of Borrower, and within seven (7) business days of any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Mitek Systems Inc)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Augmedix, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after to the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by BorrowerXxxxxxxx’s board of directors, together commensurate with any related business forecasts used in the preparation of such annual those operating budgets and financial projectionsprojections provided to Xxxxxxxx’s venture capital investors;

Appears in 1 contract

Samples: Loan and Security Agreement (Molekule Group, Inc.)

Annual Operating Budget and Financial Projections. Within forty five ninety (4590) days after the end of each fiscal year of BorrowerBorrower Representative (and within five (5) Business Days after approval by the Board of Borrower Representative (or authorized committee thereof) of any material modification thereto), (i) an annual operating budgets budget, on a consolidated and consolidating (if requested by Administrative Agent) basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBorrower Representative, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Mind Medicine (MindMed) Inc.)

Annual Operating Budget and Financial Projections. Within forty five (45) days after the end of each fiscal year of BorrowerBorrower or as otherwise updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following current fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Synacor, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end last day of each fiscal year of Borrower, and within ten (10) days of any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Taysha Gene Therapies, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of BorrowerBorrower (and more frequently as updated), (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming following fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Lipocine Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and within seven (7) days of any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then current fiscal year of Borrower, and (ii) annual financial projections for the following then current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Chimerix Inc)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and more frequently as updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (OncoCyte Corp)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and more frequently as materially updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board Board of directorsDirectors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Sunesis Pharmaceuticals Inc)

Annual Operating Budget and Financial Projections. Within forty forty-five (45) days after the end of each fiscal year of BorrowerBorrower Representative (and promptly and within ten (10) days of any material modification thereto), (i) an annual operating budgets budget, on a consolidated and consolidating (if applicable) monthly basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBorrower Representative, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Colonnade Acquisition Corp.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of BorrowerBorrower Representative (and within five (5) days of approval by the Board of any material modification thereto approved by the Board of Borrower Representative or authorized committee thereof), (i) an annual operating budgets budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsBorrower Representative, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Oncorus, Inc.)

Annual Operating Budget and Financial Projections. Within forty five (45) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) as approved by Borrower’s 's board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Nebula Caravel Acquisition Corp.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after following the end of each fiscal year of Borrower, and promptly following any updates or amendments thereto, (iA) annual operating budgets (including income statements, balance sheets and cash flow statements, by monthmonth or quarter) for the upcoming fiscal year of Borrower, and (iiB) annual financial projections for the following fiscal year (on a quarterly basis) ), in each case as presented to and approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiovascular Systems Inc)

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Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerBorrower Representative (and within five (5) days of any material modification thereto), (i) an annual operating budgets budget, on a consolidated basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;flow

Appears in 1 contract

Samples: Loan and Security Agreement (Acumen Pharmaceuticals, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrowerthe Company (and promptly and within five (5) Business Days of any material modification thereto), (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrowerthe Company, and (ii) annual financial projections and financial models for the following such fiscal year (on a quarterly basis) as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Note Purchase and Security Agreement (INSU Acquisition Corp. II)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerBorrower Representative (and within five (5) days of any material modification thereto approved by the Board of Borrower Representative), (i) an annual operating budgets budget (if applicable, on a Consolidated and Consolidating basis) for the upcoming fiscal year of Borrower Representative (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Aptinyx Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projectionsprojections and, as soon as available, any periodic updates thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Clearside Biomedical, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end last day of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by monthquarter) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (AVROBIO, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and within thirty (30) days of any material updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;a

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

Annual Operating Budget and Financial Projections. Within forty five (45) As soon as available, and in any event within 30 days after the end last day of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (iA) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming current fiscal year of Borrower, and (iiB) annual financial projections for the following current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Cue Biopharma, Inc.)

Annual Operating Budget and Financial Projections. Within forty forty-five (45) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets statements and estimated cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

Annual Operating Budget and Financial Projections. Within forty five As soon as available, and in any event within sixty (4560) days after the end of each fiscal year of Borrower, and contemporaneously with any updates or changes thereto, (iA) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (iiB) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections, in each case in a form acceptable to Bank;

Appears in 1 contract

Samples: Loan and Security Agreement (Fig Publishing, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of BorrowerBorrower Representative (and within five (5) days of any material modification thereto), (i) annual an operating budgets budget, on a consolidated basis (including income statements, balance sheets and cash flow statementsstatements in substantially the form attached hereto as Exhibit I, by monthquarter) for the upcoming following fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts the Projections used in the preparation of such annual financial projections;thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Allurion Technologies Holdings, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly monthly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Spartan Acquisition Corp. II)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly monthly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;; (h)

Appears in 1 contract

Samples: Loan and Security Agreement (Sunlight Financial Holdings Inc.)

Annual Operating Budget and Financial Projections. Within forty five As soon as available, at least annually, and in any event no later than within sixty (4560) days after the end of each fiscal year of Borrower, and promptly upon any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower), and (ii) annual financial projections for the following fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections, in each case in a form acceptable to Agent and each of the Lenders;

Appears in 1 contract

Samples: Loan and Security Agreement (Scynexis Inc)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after to the end of each fiscal year of Borrower, and within seven (7) days of any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Netlist Inc)

Annual Operating Budget and Financial Projections. Within forty five ninety (4590) days after the end of each fiscal year of BorrowerBorrower Representative (and within five (5) days of any material modification thereto), (i) an annual operating budgets budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by monthquarter) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;Borrower Representative.

Appears in 1 contract

Samples: Loan and Security Agreement (Elevation Oncology, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of BorrowerTrueCar, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by BorrowerTrueCar’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (TrueCar, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after the end of each fiscal year of Borrower, and within thirty (30) days of any material updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then- current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any material related business forecasts used in the preparation of such annual financial projections;; (f)

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

Annual Operating Budget and Financial Projections. Within forty five thirty (4530) days after to the end of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower, and (ii) annual financial projections for the following then-current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Direct Digital Holdings, Inc.)

Annual Operating Budget and Financial Projections. Within forty five sixty (4560) days after the end last day of each fiscal year of BorrowerBorrower (and more frequently as updated), (iA) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (iiB) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board Board of directorsDirectors, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Eargo, Inc.)

Annual Operating Budget and Financial Projections. Within forty five (45) 90 days after the end last day of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming current fiscal year of Borrower, and (ii) annual financial projections for the following current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Myomo, Inc.)

Annual Operating Budget and Financial Projections. Within forty five (45) 60 days after the end of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (iA) annual operating budgets (including income statements, balance sheets sheets, and cash flow statements, by month) for the upcoming current fiscal year of Borrower, and (iiB) annual financial projections for the following current fiscal year (on a quarterly basis) ), in each case as approved by Borrower’s board of directorsthe Board, together with any related business forecasts used in the preparation of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Environmental Impact Acquisition Corp)

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