Common use of Annual Operating Budget Clause in Contracts

Annual Operating Budget. As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, a copy of a detailed annual operating budget of the Borrower and its Subsidiaries for the next four (4) fiscal quarter period prepared on a quarterly basis, in form and substance reasonably satisfactory to the Administrative Agent, together with a summary of the material assumptions made in the preparation of such annual budget.

Annual Operating Budget. As soon as available, but in any event within no later than sixty (60) days after the end of each fiscal year of the Borrower, a copy of a detailed (i) the annual operating budget of the Borrower (including income statements, balance sheets and its Subsidiaries cash flow statements, by quarter) for the next four upcoming fiscal year of Borrower as approved by Borrower’s board of directors, and (4ii) the annual financial projections for the following fiscal quarter period prepared year (on a quarterly basis, in form and substance reasonably satisfactory to the Administrative Agent) as approved by Borrower’s board of directors, together with a summary of the material assumptions made any related business forecasts used in the preparation of such annual budget.financial projections; and

Annual Operating Budget. As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, a copy of a detailed annual operating budget of the Borrower and its Subsidiaries for the next four (4) fiscal quarter period prepared on a quarterly basis, in form and substance reasonably satisfactory to the Administrative Agent, together with a summary of the material assumptions made in the preparation of such annual budget.. 101

Annual Operating Budget. As soon as available, but in any event within sixty Within forty-five (6045) days after the end of each fiscal year of the Borrower, a copy of a detailed and as amended and/or updated, annual operating budget of the Borrower budgets (including income statements, balance sheets and its Subsidiaries cash flow statements, by quarter) for the next four (4) then current fiscal quarter period prepared on a quarterly basis, in form and substance reasonably satisfactory to the Administrative Agentyear of Borrower as approved by Borrower’s board of directors, together with a summary of the material assumptions made any related business forecasts used in the preparation of such annual budget.operating budgets;