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

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

Annual Operating Budget and Financial Projections. Within sixty forty five (6045) days after the end of each fiscal year of Borrower Representative Borrower, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s Boardboard of directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative and as updated promptly following approval by Borrower’s Board of Directors (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s BoardBoard of Directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) 30 days after the end last day of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5A) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming current fiscal year of Borrower RepresentativeBorrower, and (B) annual financial projections for the current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty Upon the earlier of (60x) 60 days after the end of each fiscal year of Borrower Representative and (and y) five Business Days after approval by the Borrower Representative’s Board of Directors (and, in either case, promptly and within five (5) days Business Days of any material modification thereto), an annual operating budgetsbudget, on a consolidating consolidated basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within the sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly Borrower, and within five thirty (530) days of any material modification updates or amendments thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming such fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for such fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s Boardboard of directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgetsbudget, 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 Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty forty-five (6045) days after the end of each fiscal year of Borrower Representative Borrower, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty forty-five (6045) days after the end of each fiscal year of Borrower Representative Borrower, and as amended and/or updated, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s Boardboard of directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days Business Days of Board approval of any material modification thereto), an annual operating budgetsbudget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative the CompanyParent (and promptly and within five (5) days Business Days of any material modification thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representativethe CompanyParent, and (ii) annual financial projections and financial models for such fiscal year (on a quarterly basis) as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty forty-five (6045) days after the end of each fiscal year of Borrower Representative Borrower, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s Boardboard of directors, together with any related business forecasts used in the preparation of such annual financial projections.projections and, as soon as available, any periodic updates thereto;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an (i) annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for such fiscal year (on a quarterly consolidating basis) as approved by Borrower RepresentativeBorrower’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgetsbudget, on a consolidating consolidated basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty forty-five (6045) days after the end last day of each fiscal year of Borrower Representative Borrower, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s Boardboard of directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative (and promptly Borrower, and within five thirty (530) days of any material modification updates or amendments thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any material related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative Holdings (and promptly and within five (5) days Business Days of any material modification thereto), an annual operating budgetsbudget and projections, on a consolidating consolidated basis (including income statements, balance sheets and cash flow statements, by monthfiscal quarter) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Boardfollowing 12-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.

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a monthly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty forty five (6045) days after the end of each fiscal year of Borrower Representative Borrower, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis) as approved by Borrower Representative’s BoardBorrower's board of directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end last day of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification theretomore frequently as updated), an (A) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (B) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s BoardBoard of Directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within As soon as available, and in any event within sixty (60) days after the end of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or changes thereto, (and promptly and within five (5A) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (B) annual financial projections as approved by Borrower RepresentativeBorrower’s Boardboard 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;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgetsbudget, on a consolidating consolidated basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.flow

Annual Operating Budget and Financial Projections. Within sixty No later than forty-five (6045) days after the end of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgetsbudget, on a consolidating 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 Representative, as approved by Borrower Representative’s BoardBorrower, together with any related business forecasts the Projections used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end last day of each fiscal year of Borrower Representative (and promptly Borrower, and within five ten (510) days of any material modification updates or amendments thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis) as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after following the end of each fiscal year of Borrower Representative (Borrower, and promptly and within five following any updates or amendments thereto, (5A) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by monthmonth or quarter) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (B) annual financial projections for the following fiscal year (on a quarterly basis), in each case as presented to and approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days Business Days of any material modification theretothereto approved by the Board), an annual operating budgets, projections on a consolidated and consolidating basis (basis, including income statements, balance sheets and cash flow statements, a forecast by month) month for the upcoming current fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation thereof, in each case, in form satisfactory to Administrative Agent, provided that a form of such annual financial projectionsprojections consistent with the presentation delivered to Administrative Agent as of the Closing Date shall be acceptable to Administrative Agent.

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end last day of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by monthquarter) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after to the end of each fiscal year of Borrower Representative (and promptly Borrower, and within five seven (57) days of any material modification updates or amendments thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) 90 days after the end last day of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative Borrower, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower RepresentativeBorrower’s Boardboard of directors, together with any related business forecasts used in the preparation of such annual financial projections.projections and, as soon as available, any periodic updates thereto;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative (and promptly Borrower, and within five thirty (530) days of any material modification updates or amendments thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such and (ii) annual financial projections.projections for the then-current fiscal year (on a

Annual Operating Budget and Financial Projections. Within sixty (60) 90 days after the end of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5A) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets sheets, and cash flow statements, by month) for the upcoming current fiscal year of Borrower RepresentativeBorrower, and (B) annual financial projections for the current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of approval by the Board of any material modification theretothereto approved by the Board of Borrower Representative or authorized committee thereof), an annual operating budgetsbudget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification theretothereto approved by the Board of Borrower Representative), an annual operating budgetsbudget (if applicable, on a consolidating basis 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 Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative (and promptly Borrower, and within five thirty (530) days of any material modification updates or amendments thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then- current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any material related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) 60 days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days Business Days of any material modification thereto), an annual (i) operating 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 Borrower Representative, and (ii) annual financial projections for such fiscal year as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

Annual Operating Budget and Financial Projections. Within sixty (60) 60 days after the end of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5A) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets sheets, and cash flow statements, by month) for the upcoming current fiscal year of Borrower RepresentativeBorrower, and (B) annual financial projections for the current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative the Company (and promptly and within five (5) days Business Days of any material modification thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representativethe Company, and (ii) annual financial projections and financial models for such fiscal year (on a quarterly basis) as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) As soon as available, and in any event within 90 days after the end last day of each fiscal year of Borrower Representative Borrower, and contemporaneously with any updates or amendments thereto, (and promptly and within five (5A) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming current fiscal year of Borrower RepresentativeBorrower, and (B) annual financial projections for the current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual (i) operating budgets, on a consolidating consolidated basis (including income statements, statements and balance sheets and cash flow statementssheets, by month) for the upcoming fiscal year of Borrower Representative, and (ii) annual financial projections for such fiscal year (on a quarterly consolidated basis) as approved by Borrower Representative’s Board, 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 projectionsimmediately preceding fiscal year.

Annual Operating Budget and Financial Projections. Within sixty forty-five (6045) days after the end of each fiscal year of Borrower Representative Borrower, (and promptly and within five (5i) days of any material modification thereto), an annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets statements and estimated cash flow statements, by month) for the upcoming then-current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis), in each case as approved by Borrower RepresentativeBorrower’s Boardboard of directors, together with any related business forecasts used in the preparation of such annual financial projections.;

Annual Operating Budget and Financial Projections. Within sixty ninety (6090) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days Business Days after approval by the Board of Borrower Representative (or authorized committee thereof) of any material modification thereto), an annual operating budgetsbudget, 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 Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty ninety (6090) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgetsbudget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by monthquarter) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

Annual Operating Budget and Financial Projections. Within sixty forty-five (6045) days after the end of each fiscal year of Borrower Representative (and promptly and within five ten (510) days of any material modification thereto), an annual operating budgetsbudget, 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 Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projectionsthereof.

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Borrower Representative (and promptly Borrower, and within five seven (57) days of any material modification updates or amendments thereto), an (i) annual operating budgets, on a consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then current fiscal year of Borrower RepresentativeBorrower, and (ii) annual financial projections for the then current fiscal year (on a quarterly basis), in each case as approved by Borrower Representative’s the Board, together with any related business forecasts used in the preparation of such annual financial projections.;