Annual Projections. As soon as practicable and in any event prior to the beginning of each Fiscal Year, Borrowers shall deliver to Lender projected balance sheets, statements of income and cash flow for Borrowers on a consolidated and consolidating basis, for each of the twelve (12) months during such Fiscal Year, which shall include the assumptions used therein, together with appropriate supporting details as reasonably requested by Lender.
Appears in 3 contracts
Samples: Loan and Security Agreement (Wells Gardner Electronics Corp), Loan and Security Agreement (Novitron International Inc), Loan and Security Agreement (Digital Recorders Inc)
Annual Projections. As soon as practicable and in any event no later than thirty (30) days prior to the beginning of each Fiscal Year, the Borrowers shall deliver to Lender projected balance sheets, statements of income and cash flow for Borrowers Parent and its Subsidiaries, on a consolidated and consolidating and, to the extent prepared by Parent or the Borrowers, on a consolidating, basis, for each of the twelve (12) months during such Fiscal Year, which shall include the assumptions used therein, together with appropriate supporting details as reasonably requested by Lender.
Appears in 1 contract
Samples: Loan and Security Agreement (DHB Capital Group Inc /De/)
Annual Projections. As soon as practicable and in any event prior to the beginning of each Fiscal Year, Borrowers Borrower shall deliver to Lender (i) consolidated projected balance sheets, statements of income and cash flow for Borrowers on a consolidated Borrower and consolidating basisits Subsidiaries and (ii) separate projected balance sheets and statements of income for Borrower and the Canadian Borrower, in each case for each of the twelve (12) months during such Fiscal Year, and in each case which shall include the assumptions used therein, together with appropriate supporting details as reasonably requested by Lender.
Appears in 1 contract
Samples: Loan and Security Agreement (Delphax Technologies Inc)
Annual Projections. As soon as practicable and in any event at least thirty (30) days prior to the beginning of each Fiscal Year, Borrowers shall deliver to Lender projected balance sheets, statements of income and cash flow for Borrowers on a consolidated and consolidating basisbasis (the "PROJECTIONS"), for each of the twelve (12) months during such Fiscal Year, which shall include the assumptions used therein, together with appropriate supporting details as reasonably requested by Lender.
Appears in 1 contract
