Board Projections. As soon as available, but no later than the earlier of (i) 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 updates or changes thereto, the Board-approved annual operating plan for the upcoming fiscal year of Borrower in a form acceptable to Bank;
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Board Projections. As soon as available, but no later than the earlier of (i) seven forty-five (7) days after Board approval, or (ii) thirty (3045) days after the last day of Borrower’s fiscal year, and in each case contemporaneously with any updates or changes thereto, 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 annual operating plan for projections as to the upcoming then current fiscal year of Borrower year, in each case ((i) and (ii)) in a form of presentation reasonably acceptable to Bank;
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Samples: Loan Agreement (Amber Road, Inc.)
Board Projections. As soon as available, but no later than the earlier of sixty (i) seven (7) days after Board approval, or (ii) thirty (3060) days after the last day of Borrower’s fiscal year, and in each case contemporaneously with any updates or changes thereto, the Board-approved annual operating plan for projections as to the upcoming then current fiscal year of Borrower in a form acceptable to Bank;”
Appears in 1 contract
Samples: Loan and Security Agreement (Eleven Biotherapeutics, Inc.)
Board Projections. As soon as available, but no later than the earlier of sixty (i) seven (7) days after Board approval, or (ii) thirty (3060) days after the last day of Borrower’s fiscal year, and in each case contemporaneously with any updates or changes thereto, the Board-approved annual operating plan for budgets and projections (reflecting projections on a monthly basis) as to the upcoming then current fiscal year of Borrower in a form acceptable to Bank;; and
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Board Projections. As soon as available, at least annually, but no later than the earlier of forty-five (i) seven (7) days after Board approval, or (ii) thirty (3045) days after the last day end of each fiscal year of Borrower’s fiscal year, and in each case contemporaneously with promptly following any Board approved updates or changes thereto, the Board-approved (i) annual operating plan budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming 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, together with any related business forecasts used in a form acceptable to Bankthe preparation of such annual financial projections;
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Samples: Mezzanine Loan and Security Agreement (Nebula Caravel Acquisition Corp.)
Board Projections. As soon as available, but no later than the earlier of forty-five (i) seven (7) days after Board approval, or (ii) thirty (3045) days after the last day of each fiscal year of Borrower’s fiscal year, and in each case contemporaneously with any material updates or changes thereto, the Board-annual Board approved annual operating plan for the upcoming fiscal year of Borrower budgets and financial projections, in a form acceptable to Bank;
Appears in 1 contract
Samples: Loan and Security Agreement (Satsuma Pharmaceuticals, Inc.)
Board Projections. As soon as available, but no later than the earlier to occur of (i) seven forty-five (745) days after the end of each fiscal year of Borrower or (ii) ten (10) days after Board approval, or and not more than ten (ii) thirty (3010) days after the last day Board approval of Borrower’s fiscal year, and in each case contemporaneously with any material updates or changes thereto, the annual Board-approved annual operating plan for the upcoming fiscal year of Borrower budget and financial projections, in a form of presentation reasonably acceptable to Bank;
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