Budget; Financial Projections Clause Samples

Budget; Financial Projections. (a) As soon as available and in any event not later than November 30 of each fiscal year, the Borrower's business plan, including, without limitation, the Borrower's annual operating budget and financial projections (presented in a quarterly format) for the period beginning on the first day of the next succeeding fiscal year and ending December 31, 2003, in form and substance satisfactory to the Agent (including, without limitation, any and all major assumptions contemplated therein). (b) As soon as available and in any event not later than January 31 of each year, the Borrower's presentation of its business plan described in clause (b) above, to the Lenders.