Common use of Budgets and Forecasts Clause in Contracts

Budgets and Forecasts. When and as available, but in any event within forty-five (45) days after the beginning of each fiscal year, an annual business plan and budget and forecasts of the Borrower and its Subsidiaries containing, among other things, pro forma financial statements for such fiscal year and projections of the Borrower’s Availability with supporting projected Borrowing Base calculations, for the next fiscal year, on a calendar month by month basis, in each case, together with a statement of all underlying assumptions.

Appears in 4 contracts

Samples: Credit Agreement (Armstrong Flooring, Inc.), Term Loan Agreement (Armstrong Flooring, Inc.), Credit Agreement (Armstrong Flooring, Inc.)

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Budgets and Forecasts. When AnWhen and as available, but in any event within forty-five (45) days after the beginning of each fiscal year, an annual business plan and budget and forecasts of the Borrower and its Subsidiaries containing, among other things, pro forma financial statements for such thesuch fiscal year year, when and as available, but in any event within ninety (90) days after the beginning of the fiscal year; and projections of the Borrower’s Availability with supporting projected Borrowing Base calculations, for the next fiscal year, on a calendar month by month basis, in each case, together with a statement of all underlying assumptionsmonth.

Appears in 1 contract

Samples: Credit Agreement (Armstrong Flooring, Inc.)

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