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

Annual Operating Budget and Financial Projections. Within thirty (30) days of Borrower’s board of directors approval or 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 and Security Agreement (Veracyte, Inc.), Loan and Security Agreement (Veracyte, Inc.)

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Annual Operating Budget and Financial Projections. Within thirty (30) days of after approval by the Borrower’s board Board of directors approval Directors or fiscal year end 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. Within thirty (30) days after to the end of Borrower’s board of directors approval or 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 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. Within thirty (30) days after the end of each fiscal year of Borrower’s board of directors approval , and contemporaneously with any updates or fiscal year end 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) 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. Within thirty (30) days after the last day of Borrower’s board of directors approval or 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 1 contract

Samples: Loan and Security Agreement (Threshold Pharmaceuticals Inc)

Annual Operating Budget and Financial Projections. Within thirty sixty (3060) days after the end of Borrower’s board of directors approval or 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 '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.)

Annual Operating Budget and Financial Projections. Within thirty sixty (3060) days after the end of Borrower’s board of directors approval or each fiscal year end 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. Within Annually, when approved by Borrower’s board of directors, and in any event within thirty (30) days after the end of Borrower’s board of directors approval or each fiscal year end 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 1 contract

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

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Annual Operating Budget and Financial Projections. Within thirty (30) days after the end of Borrower’s board of directors approval or each fiscal year end 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. Within thirty (30) 30 days of Borrower’s board of directors after approval or by the Board, for each fiscal year end 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. Within thirty (30) days after the end of Borrower’s board of directors approval or 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 1 contract

Samples: Loan and Security Agreement (Gemphire Therapeutics Inc.)

Annual Operating Budget and Financial Projections. Within thirty sixty (3060) days after the end of Borrower’s board of directors approval or 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 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)

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