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

Annual Operating Budget and Financial Projections. Prior to the earlier of seven (7) days after approval by Borrower’s board of directors or sixty (60) 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 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 (Tracon Pharmaceuticals, Inc.), Loan and Security Agreement (Tracon Pharmaceuticals Inc)

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Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by of Borrower’s board of directors approval or sixty (60) days after to the end of each fiscal year end 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 Agreement (Veracyte, Inc.), Loan and Security Agreement (Veracyte, Inc.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by the Borrower’s board Board of directors Directors or sixty (60) days after to the end of each fiscal year of Borrowermore 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 2 contracts

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

Annual Operating Budget and Financial Projections. Prior to the earlier of seven (7) days after approval by Borrower’s board of directors or Within sixty (60) 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 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;

Appears in 1 contract

Samples: Loan and Security Agreement (Cutera Inc)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven (7) days after approval by Borrower’s board of directors or Within sixty (60) 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 BorrowerBorrower and its Subsidiaries, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved reviewed by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projectionsprojections (and all material updates thereto made by the Credit Parties after delivery thereof to Bank);

Appears in 1 contract

Samples: Loan and Security Agreement (Intersections Inc)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) days after to 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. Prior to the earlier of seven Within thirty (730) days after approval by the last day of Borrower’s board of directors fiscal year, and contemporaneously with any updates or sixty (60) days after to the end of each fiscal year of Borroweramendments 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;

Appears in 1 contract

Samples: Loan and Security Agreement (Inmune Bio, Inc.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) 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 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 (ViewRay, Inc.)

Annual Operating Budget and Financial Projections. Prior to Within the earlier of seven (7i) Board approval, and (ii) ninety (90) days after approval by Borrower’s board of directors or sixty (60) days after to the end of each fiscal year of Borrower, and contemporaneously with any updates or changes 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) 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 (Aclaris Therapeutics, Inc.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) days after to the end last day 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 1 contract

Samples: Loan and Security Agreement (Threshold Pharmaceuticals Inc)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven (7) Within 30 days after approval by Borrower’s board of directors or sixty (60) days after to the end of Board, for each fiscal year of Borrower, but not more than sixty days after each fiscal year end, 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 fiscal year of Borrower, and (iiB) 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;

Appears in 1 contract

Samples: Loan and Security Agreement (Atlas Crest Investment Corp.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven (7) days after approval by Borrower’s board of directors or Within sixty (60) 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 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 (Envision Solar International, Inc.)

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Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) days after to 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 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 directorsthe Board and commensurate with those financial projections provided to the 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 (BioAge Labs, Inc.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (7) days after approval by Borrower’s board of directors or sixty (6030) 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 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 (Singular Genomics Systems, Inc.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) 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 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 (Gemphire Therapeutics Inc.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) days after to 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. Prior to the earlier of seven Within thirty (7) days after approval by Borrower’s board of directors or sixty (6030) 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. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) 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 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 1 contract

Samples: Loan Agreement (Workhorse Group Inc.)

Annual Operating Budget and Financial Projections. Prior to the earlier of seven Within thirty (730) days after approval by Borrower’s board of directors or sixty (60) days after to 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)

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