Common use of Budget Update Clause in Contracts

Budget Update. The updated budget provided by the Parent to the Administrative Agent on January 26, 2004 has been reviewed and approved by the board of directors of the Parent and, as of the Effective Date, continues to represent the Parent's good faith estimate with respect to the matters contemplated therein.

Appears in 3 contracts

Samples: Credit Agreement (Microcell Telecommunications Inc), Exit Facility Agreement (Microcell Telecommunications Inc), Credit Agreement (Microcell Telecommunications Inc)

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Budget Update. The updated budget provided by the Parent to the Administrative Agent on January 26March 12, 2004 2003 has been reviewed and approved by the board of directors of the Parent and, as of the Effective Date, continues to represent the Parent's ’s good faith estimate with respect to the matters contemplated therein.

Appears in 2 contracts

Samples: Tranche B Credit Agreement (Microcell Telecommunications Inc), Tranche a Exit Facility Agreement (Microcell Telecommunications Inc)

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