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 within 30 days after the last day of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (A) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the current fiscal year of Borrower, and (B) annual financial projections for the 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.)

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Annual Operating Budget and Financial Projections. As soon as availableCommencing with the 2017 fiscal year of Borrower, and in any event within 30 ninety (90) days after the last day of each fiscal year of Borrower, Borrower (and contemporaneously with any updates or amendments theretomore frequently as updated), (Ai) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the current upcoming fiscal year of Borrower, and (Bii) annual financial projections for the 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 available, and in any event within 30 Within forty five (45) days after the last day end of each fiscal year of Borrower, and contemporaneously with any updates Borrower or amendments theretoas otherwise updated, (Ai) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the current upcoming fiscal year of Borrower, and (Bii) annual financial projections for the 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 within 30 Within thirty (30) days after the last day end of each fiscal year of Borrower, and contemporaneously with any updates or amendments theretomore frequently as materially updated, (Ai) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the current upcoming fiscal year of Borrower, and (Bii) annual financial projections for the 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 within 30 Within thirty (30) days after to the last day end of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, (Ai) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current fiscal year of Borrower, and (Bii) 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.)

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Annual Operating Budget and Financial Projections. As soon as available, and in any event within 30 Within ninety (90) days after the last day end of each fiscal year of Borrower, and contemporaneously with within seven (7) business days of any updates or amendments thereto, (Ai) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current fiscal year of Borrower, and (Bii) 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 availableAnnually, when approved by Borrower’s board of directors, and in any event within 30 thirty (30) days after the last day end of each fiscal year of Borrower, and contemporaneously with any updates or amendments thereto, as amended and/or updated (Ai) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the current upcoming fiscal year of Borrower, and (Bii) annual financial projections for the 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.)

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