Common use of Base Case Projections Clause in Contracts

Base Case Projections. The Administrative Agent shall have received the Base Case Projections, updated as of a date reasonably satisfactory to the Administrative Agent, including therein projections of revenues, operating expenses, cash flows, and other related items, which shall show a Projected Interest Coverage Ratio as of each Calculation Date occurring on or after the Effective Date and on or prior to December 31, 2013 greater than 3.50 to 1.00 and a Projected Leverage Ratio of less than 6.60:1.00, together with a certification as of the Effective Date by a Responsible Officer of the Borrower that the Base Case Projections have been prepared in good faith based upon reasonable assumptions. The Administrative Agent shall have received a report of the Model Auditor reasonably satisfactory to the Administrative Agent restating the Model Auditor's audit of the Computer Model as of the Effective Date and shall have received a disk containing the Computer Model.