Common use of Board Projections Clause in Contracts

Board Projections. As soon as available, at least annually, and in any event no later than sixty (60) days after the last day of Borrower’s fiscal year, and contemporaneously with any Board approved updates or changes thereto, annual Board-approved operating budget and financial projections, in a form reasonably acceptable to Agent;

Appears in 2 contracts

Samples: Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I), Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I)

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Board Projections. As soon as available, at least annually, and in any event no later than within sixty (60) days after the last day end of each fiscal year of Borrower’s fiscal year, and contemporaneously with promptly following any Board approved material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form reasonably acceptable to AgentBank;

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Axsome Therapeutics, Inc.)

Board Projections. As soon as available, at least annually, and in any event no later than Within sixty (60) days after following the last day end of Borrower’s fiscal year, and contemporaneously with any Board approved updates or changes thereto, annual Board-approved operating budget and financial projectionsprojections (reflecting projections on a quarterly or monthly basis), in a form reasonably acceptable to AgentBank;

Appears in 2 contracts

Samples: Loan and Security Agreement (Dimension Therapeutics, Inc.), Loan and Security Agreement (Dimension Therapeutics, Inc.)

Board Projections. As soon as available, at At least annually, and in any event no later than within sixty (60) days after the last day end of each fiscal year of Borrower’s fiscal year, and contemporaneously with within seven (7) days after any Board approved updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to Agent;

Appears in 2 contracts

Samples: Loan and Security Agreement (Phathom Pharmaceuticals, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty (60i) forty-five (45) days after the last day of Borrower’s fiscal year, and contemporaneously with any Board approved updates or changes thereto, annual Board-reviewed projections as to the then current fiscal year, and (ii) ten (10) days after Board approval, but at least annually, and contemporaneously with any updates or changes thereto, Board-approved operating budget projections as to the then current fiscal year, in each case ((i) and financial projections, (ii)) in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Amber Road, Inc.)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty (60) days after the last day of each fiscal year of Borrower’s fiscal year, and contemporaneously with any Board approved updates or changes thereto, annual Board-Board approved operating budget budgets and financial projections, projections in a form reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (XOMA Corp)

Board Projections. As soon as available, at least annually, and in any event no later than within sixty (60) days after of the last day earlier to occur of (i) approval by the Board or (ii) the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with any Board approved material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Selecta Biosciences Inc)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty (60) days after the last day of Borrower’s fiscal year, and contemporaneously with any Board approved updates or changes thereto, annual Board-approved operating budget budgets and financial projections, projections (reflecting projections on a monthly basis) as to the then current fiscal year in a form reasonably acceptable to Agent;Bank; and

Appears in 1 contract

Samples: Loan and Security Agreement (Arsanis, Inc.)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty forty-five (6045) days after the last day of each fiscal year of Borrower’s fiscal year, and contemporaneously with any Board approved material updates or changes thereto, annual Board-Board approved operating budget budgets and financial projections, in a form reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Satsuma Pharmaceuticals, Inc.)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty the earlier of (60i) seven (7) days after Board approval, or (ii) thirty (30) days after the last day of Borrower’s fiscal year, and in each case contemporaneously with any Board approved updates or changes thereto, annual the Board-approved annual operating budget and financial projections, plan for the upcoming fiscal year of Borrower in a form reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Sunshine Heart, Inc.)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty thirty (6030) days after approval by the last day of Borrower’s fiscal year, Board and contemporaneously with promptly following any Board approved updates or changes thereto, annual Board-approved operating budget budgets and financial projections, in a form reasonably acceptable to Agent;

Appears in 1 contract

Samples: Loan and Security Agreement (Eloxx Pharmaceuticals, Inc.)

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Board Projections. As soon as available, at least annually, and in any event but no later than sixty (60) days after the last day of Borrower’s fiscal year, and contemporaneously with any Board approved updates or changes thereto, annual Board-approved operating budget and financial projections, projections as to the then current fiscal year in a form reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Eleven Biotherapeutics, Inc.)

Board Projections. As soon as available, at least annually, and in any event no later than sixty within thirty (6030) days after of the last day earlier to occur of (i) approval by the Board or (ii) the end of each fiscal year of Borrower’s fiscal year, and contemporaneously with any Board approved material updates or changes thereto, annual Board-approved operating budget budgets and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Apellis Pharmaceuticals, Inc.)

Board Projections. As soon as available, at least annually, and in any event no later than within sixty (60) days after the last day end of each fiscal year of Borrower’s fiscal year, and contemporaneously with promptly following any Board approved material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form reasonably acceptable to Agent;

Appears in 1 contract

Samples: Loan and Security Agreement (Axsome Therapeutics, Inc.)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty within thirty (6030) days after following the last day end of Borrower’s fiscal year, and contemporaneously with any Board approved material updates or changes thereto, annual Board-approved operating budget budgets and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Biopharma Corp)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty the earlier to occur of (60i) forty-five (45) days after the last day end of Borrower’s each fiscal yearyear of Borrower or (ii) ten (10) days after Board approval, and contemporaneously with not more than ten (10) days after Board approval of any Board approved material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Samples: Loan and Security Agreement (Tremor Video Inc.)

Board Projections. As soon as available, at least annually, and in any event but no later than sixty forty-five (6045) days after the last day end of each fiscal year of Borrower’s fiscal year, and contemporaneously with promptly following any Board approved updates or changes thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current fiscal year of Borrower and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis) as approved by the Board-approved operating budget and , together with any related business forecasts used in the preparation of such annual financial projections, in a form reasonably acceptable to Agent;

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Nebula Caravel Acquisition Corp.)

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