Common use of Board Projections Clause in Contracts

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

Appears in 2 contracts

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

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

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 end of each fiscal year of Borrower, and promptly following within seven (7) days after any material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to BankAgent;

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

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)

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

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 no later than within sixty thirty (6030) days after of the earlier to occur of (i) approval by the Board or (ii) the end of each fiscal year of Borrower, and promptly following contemporaneously with any material updates or changes thereto, annual Board-approved operating budget budgets and financial projections, in a form of presentation reasonably acceptable to Bank;

Appears in 1 contract

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

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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 end of each fiscal year of Borrower, and promptly following any material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form acceptable to BankAgent;

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 within sixty thirty (6030) days after following the end of each Borrower’s fiscal year of Borroweryear, and promptly following contemporaneously with any material updates or changes thereto, annual Board-approved operating budget budgets and financial projections, in a form of presentation reasonably acceptable to Bank;

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 no later than within the earlier to occur of (i) sixty (60) days after the end of each fiscal year of BorrowerParent and (ii) ten (10) days after Board approval, and promptly following contemporaneously with any material updates or changes thereto, annual Board-approved operating budget and financial projectionsprojections with respect to Parent and its direct and indirect Subsidiaries, in a form of presentation reasonably acceptable to BankAgent;

Appears in 1 contract

Samples: Loan and Security Agreement (Alx Oncology Holdings Inc)

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