Common use of Budgets and Projections Clause in Contracts

Budgets and Projections. On or before 120 days after the commencement of each fiscal year of the Borrower, (i) a budget in reasonable detail of the Borrower and the Restricted Subsidiaries which includes income statements and balance sheets and cash flow statements of the Borrower and the Restricted Subsidiaries and a consolidated cash flow statement for each of the four fiscal quarters of such fiscal year, (ii) a breakdown of projected revenues, operating expenses, utilizations and capital expenditures for each Vessel and (iii) updated Projections of the Borrower for the three year period commencing as of such fiscal year;

Budgets and Projections. On or before 120 days after the commencement of each fiscal year of the BorrowerParent, (i) a budget in reasonable detail of the Borrower Borrowers and the Restricted Subsidiaries which includes income statements and balance sheets and cash flow statements of the Borrower Borrowers and the Restricted Subsidiaries and a consolidated cash flow statement for each of the four fiscal quarters of such fiscal year, (ii) a breakdown of projected revenues, operating expenses, utilizations and capital expenditures for each Vessel and (iii) updated Projections of the Borrower for the three year period commencing as of such fiscal year;