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

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 days following the end of Borrower’s fiscal year, 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 then-current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Achieve Life Sciences, Inc.)

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Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with any updates or amendments theretomore frequently as materially updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case ) as approved by the BoardBorrower’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 (Sunesis Pharmaceuticals Inc)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with any updates or amendments theretomore frequently as updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case ) as approved by the BoardBorrower’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. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end last day of Borrower’s fiscal year, 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 then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case as approved by 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 (Inmune Bio, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with 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 then-current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by the Board, 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. As soon as available, and in any event no later than 30 Within forty five (45) days following after the end of Borrower’s each fiscal year, and contemporaneously with any updates year of Borrower or amendments theretoas otherwise updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case ) as approved by the BoardBorrower’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. As soon as available, and in any event no later than within 30 days following after the end last day of each fiscal year of Borrower’s fiscal year, 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 then-current fiscal year of Borrower, and (iiB) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Cue Biopharma, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 days following Commencing with the end 2017 fiscal year of Borrower’s , within ninety (90) days after the last day of each fiscal year, year of Borrower (and contemporaneously with any updates or amendments theretomore frequently as updated), (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case ) as approved by the BoardBorrower’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 (Alpine Immune Sciences, Inc.)

Annual Operating Budget and Financial Projections. As soon as availableAnnually, when approved by Borrower’s board of directors, and in any event no later than 30 within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with any updates or amendments thereto, as amended and/or updated (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case ) as approved by the BoardBorrower’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 (Lyris, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no No later than 30 forty-five (45) days following after the end of each fiscal year of Borrower’s fiscal year, 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 then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case as approved by 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 (Singular Genomics Systems, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, 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 then-current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Augmedix, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within 90 days following after the end last day of each fiscal year of Borrower’s fiscal year, 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 then-current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Myomo, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with 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 then-then- current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by the 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. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with 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 then-then- current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by the 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. As soon as available, and in any event no later than Within 30 days following after approval by the end Board, for each fiscal year of Borrower’s , but not more than sixty days after each fiscal yearyear 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 then-current upcoming fiscal year of Borrower, and (iiB) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case as approved by 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 (Atlas Crest Investment Corp.)

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Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after to the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with 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 then-current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Netlist Inc)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of Borrower’s each fiscal year, year of Borrower (and contemporaneously with any updates or amendments theretomore frequently as updated), (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current following fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case ) as approved by the BoardBorrower’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. As soon as available, and in any event no later than 30 Within thirty (30) days following after the end of Borrower’s each fiscal year, year of Borrower and contemporaneously with any updates or amendments theretomore frequently as updated, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current upcoming fiscal year of Borrower, and (ii) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case ) as approved by the 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. As soon as available, and in any event no later but not more than 30 thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, 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 then-current upcoming fiscal year of Borrower, and (iiB) annual financial projections for the then-current following fiscal year (on a quarterly basis), in each case ) as approved by the BoardBorrower’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 (AtriCure, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within 90 days following after the end of each fiscal year of Borrower’s fiscal year, 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 then-current fiscal year of Borrower, and (iiB) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Imunon, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within ninety (90) days following after the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with 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 then-current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Mitek Systems Inc)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 within 90 days following after the end last day of each fiscal year of Borrower’s fiscal year, 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 then-current fiscal year of Borrower, and (iiB) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (EyePoint Pharmaceuticals, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, and in any event no later than 30 Within thirty (30) days following after to the end of each fiscal year of Borrower’s fiscal year, 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 then-current fiscal year of Borrower, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Direct Digital Holdings, Inc.)

Annual Operating Budget and Financial Projections. As soon as available, at least annually, and in any event no later than 30 within thirty (30) days following after the end of each fiscal year of Borrower’s fiscal year, 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 then-current fiscal year of Borrower), and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by 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 (Dova Pharmaceuticals Inc.)

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