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

Annual Operating Budget and Financial Projections. Within 60 days after the end of each fiscal year of Parent (and promptly and within five days of any material modification thereto), an operating budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the following calendar year, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.

Appears in 1 contract

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

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Annual Operating Budget and Financial Projections. Within 60 sixty (60) days after the end of each fiscal year of Parent (and promptly and within five (5) days of any material modification thereto), an annual operating budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) budget for the following calendar yearupcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections that such operating budget and forecasts shall be in form satisfactory to Agentsubstantially the same format as the budget and forecasts delivered as of the Closing Date.

Appears in 1 contract

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

Annual Operating Budget and Financial Projections. Within 60 thirty (30) days after the end of each fiscal year of Parent (and promptly and within five (5) days of any material modification thereto), an annual operating budgetbudget and financial projections, on a consolidated (and consolidating upon the reasonable request of Administrative Agent) basis (including income statements, balance sheets and cash flow statements, by month) for the following calendar yearupcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.

Appears in 1 contract

Samples: Guaranty, and Security Agreement (ASLAN Pharmaceuticals LTD)

Annual Operating Budget and Financial Projections. Within 60 sixty (60) days after the end of each fiscal year of Parent (and promptly and within five (5) days of any material modification thereto), an annual operating budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) budget in the same form as presented to the Parent’s Board for the following calendar yearupcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Molecular Templates, Inc.)

Annual Operating Budget and Financial Projections. Within 60 forty-five (45) days after the end of each fiscal year of Parent (and promptly and within five (5) days of any material modification thereto), an annual operating budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the following calendar yearupcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (VBI Vaccines Inc/Bc)

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Annual Operating Budget and Financial Projections. Within 60 thirty (30) days after the end last day of each fiscal year of Parent Borrower, and contemporaneously with any updates or amendments thereto approved by the Parent’s Board, (and promptly and within five days of any material modification thereto), an i) annual operating budget, on a consolidated and consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the following calendar yearthen-current fiscal year of Parent, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis) of Parent, in each case as approved by Parent’s Board, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.of such annual financial projections;

Appears in 1 contract

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

Annual Operating Budget and Financial Projections. Within 60 thirty (30) days after the end of each fiscal year of Parent Parent, and contemporaneously with any updates or amendments thereto, (and promptly and within five days of any material modification thereto), an i) annual operating budget, on a consolidated and consolidating basis budgets (including income statements, balance sheets and cash flow statements, by month) for the following calendar yearthen-current fiscal year of Parent, 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 thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Savara Inc)

Annual Operating Budget and Financial Projections. Within 60 thirty (30) days after the end of each fiscal year of Parent (and promptly and within five seven (7) days of any material modification thereto), an annual operating budget, on a consolidated and consolidating basis in the format provided to the Board of Parent (including income statements, balance sheets and cash flow statements, by month) for the following calendar yearupcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (89bio, Inc.)

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