Common use of Budgets and Forecasts Clause in Contracts

Budgets and Forecasts. Not later than 30 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after following the commencement approval of a consolidated budget for any fiscal year by the Board of Holdings, Directors of the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021Borrower, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212022, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 60 days after the commencement of any each fiscal year of Holdings, the Borrower Parent and its the Subsidiaries, commencing with the fiscal year ending December 31, 2021, a consolidated and consolidating budget in reasonable detail for such entire fiscal year and for each of the four fiscal quarters of in such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Partythereof ) for any subsequent fiscal years, as customarily prepared by management for its their internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower Parent and its the Lessee and their Subsidiaries for the period or periods covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212017, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 120 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021, a consolidated projections and budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared approved by management for its internal use, the Borrower’s Board of Directors setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days after the commencement of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021Borrower, a consolidated budget in reasonable detail for such entire fiscal year and for each of the four fiscal quarters of in such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period or periods covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021, a confidential consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212009, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower PAC REIT and its Subsidiaries, commencing with the fiscal year ending December 31, 20212012, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures Capital Expenditures of Holdings, the Borrower PAC REIT and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212009, a consolidated projections and budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared approved by management for its internal use, the Borrower’s Board of Directors setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after the commencement of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021Borrower, a consolidated budget in reasonable detail for such entire fiscal year and for each of the four fiscal quarters of in such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries (and their respective divisions or lines of business) for the period or periods covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days after following the commencement of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31beginning July 1, 20212013, a consolidated operating budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management for each subsequent fiscal year of the Borrower or any other Credit Party) for any subsequent and its Subsidiaries through the fiscal yearsyear ending June 30, 2018, as customarily prepared by management for its internal useuse and reasonably satisfactory to the Administrative Agent, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not As soon as available but in any event not later than 30 60 days after the commencement of any fiscal year of Holdings, the Borrower Borrowers and its their Subsidiaries, commencing with the fiscal year ending December 31September 30, 20212007, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrowers) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31June 30, 20212006, at the request of the Administrative Agent or any Lender, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days after following the commencement of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31beginning July 1, 20212017, a consolidated operating budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management for each subsequent fiscal year of the Borrower or any other Credit Party) for any subsequent and its Subsidiaries through the fiscal yearsyear ending June 30, 2021, as customarily prepared by management for its internal useuse and reasonably satisfactory to the Administrative Agent, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 sixty (60) days after the commencement of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212023, a consolidated budget in reasonable detail for each of the four fiscal quarters of such the then current fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 60 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212016, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31September 30, 20212008, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 60 days after the commencement of any each fiscal year of Holdings, the Borrower Parent and its the Subsidiaries, commencing with the fiscal year ending December 31, 2021, a consolidated and consolidating budget in reasonable detail for such entire fiscal year and for each of the four fiscal quarters of in such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Partythereof ) for any subsequent fiscal years, as customarily prepared by management for its their internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower Borrowers and its the Subsidiaries for the period or periods covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after following the commencement end of any fiscal year of Holdings, any fiscal year of the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31September 30, 20212012, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, forth the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days after following the commencement of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31beginning July 1, 20212017, a consolidated operating budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management for each subsequent fiscal year of the Borrower or any other Credit Party) for any subsequent and its Subsidiaries through the fiscal yearsyear ending June 30, 2020, as customarily prepared by management for its internal useuse and reasonably satisfactory to the Administrative Agent, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after the commencement end of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212016, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which such forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after the commencement end of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31June 30, 20212013, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, years setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which such forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212006, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after the commencement end of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212014, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which such forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower Borrowers and its their Subsidiaries, commencing with the fiscal year ending December 31, 20212016, a consolidated combined budget in reasonable detail for each of the four fiscal quarters quarter of such fiscal year, and (if and to the extent prepared by management of the Borrower Borrowers or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower Borrowers and its their Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 sixty (60) days after the commencement of any each fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212019, a consolidated budget in reasonable detail for each of the four fiscal quarters of such the then current fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower Holdings and its Subsidiaries, commencing with the fiscal year ending December 31January 1, 20212005, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyHoldings) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower Holdings and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212014, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212011, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower PAC REIT and its Subsidiaries, commencing with the fiscal year ending December 31, 20212012, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, 62 the forecasted balance sheet, income statement, operating cash flows and capital expenditures Capital Expenditures of Holdings, the Borrower PAC REIT and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower Company and its SubsidiariesSubsidiaries (or, commencing with in the case of the 2007 and 2008 fiscal year ending December 31years, 2021not later than February 15, 2007 and February 15, 2008, respectively), a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyCompany) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower Company and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the --------------------- commencement of any fiscal year of Holdings, the Borrower and its SubsidiariesBorrower, commencing with the fiscal year ending December 31, 20212005, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows statement and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which such forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower PAC REIT and its Subsidiaries, commencing with the fiscal year ending December 31, 20212015, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures Capital Expenditures of Holdings, the Borrower PAC REIT and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days after the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212010, a consolidated projections and budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared approved by management for its internal use, the Borrower’s Board of Directors setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after prior to the commencement of any fiscal year of Holdings, the Borrower Company and its SubsidiariesSubsidiaries (or, commencing with in the case of the 2006 fiscal year ending December 31year, 2021not later than February 15, 2006), a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyCompany) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower Company and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days after following the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 60 days after subsequent to the commencement of any fiscal year of Holdings, the Borrower and its Subsidiaries, commencing with the fiscal year ending December 31, 20212006, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower or any other Credit PartyBorrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.