Common use of Annual Operating Budget Clause in Contracts

Annual Operating Budget. As soon as available, but no later than 60 days after the last day of each Fiscal Year, commencing with the Fiscal Year ending December 31, 2020, an annual operating plan for the Borrower and its Subsidiaries for the following Fiscal Year, which includes a monthly budget for the following year (it being understood and agreed that the Loan Parties shall not be required to comply with this clause (e) from and after the consummation of an IPO);

Annual Operating Budget. As soon as available, but and in any event no later than 60 ninety (90) days after the last day end of each Fiscal Year, Year commencing with the Fiscal Year ending December 31, 20202021, an annual operating plan for the Borrower and its Subsidiaries for the following Fiscal Year, which includes a monthly budget for the following fiscal year (it being understood detailed quarterly and agreed that otherwise prepared in a manner consistent with the Loan Parties shall not be required projections provided to comply with this clause (e) from and after the consummation of an IPO)Lenders prior to the Closing Date;