Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than thirty (30) days after the beginning of each fiscal year commencing with the fiscal year beginning January 1, 2001, a copy of the plan and forecast (including a projected balance sheet, income statement and a statement of cash flow) of the Company and its Subsidiaries for the upcoming three (3) fiscal years prepared in such detail as shall be reasonably satisfactory to the Administrative Agent.
Budgets; Business Plans; Financial Projections. Not less frequently than once during each 12-month period following the Closing Date, a copy of the plan and forecast (including a projected balance sheet, income statement and statement of cash flow) of the Borrower and its Subsidiaries for the upcoming 12-month period prepared in such detail as shall be reasonably satisfactory to the Agent.
Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than thirty (30) days after the beginning of each fiscal year of Xxxxx Karan International for each Fiscal Years (i) a monthly budget for such Fiscal Year; (ii) an annual business plan for such Fiscal Year, substantially in the form of the business plan heretofore delivered to the Administrative Agent and the Lenders, accompanied by a report reconciling all changes and departures from the business plan delivered to the Administrative Agent and the Lenders for the preceding Fiscal Year and (iii) a consolidated and consolidating plan and financial forecast, prepared in accordance with Xxxxx Karan International's normal accounting procedures applied on a consistent basis, for each succeeding Fiscal Year until the Commitment Termination Date, including, without limitation, (A) a forecasted consolidated balance sheet, and the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International and its Subsidiaries for and as of the end of such Fiscal Year, and the forecasted consolidating statements of income of each Borrower for such Fiscal Year, (B) forecasted consolidated balance sheets, and the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International and its Subsidiaries for and as of the end of each fiscal month of such Fiscal Year, and the forecasted consolidating statements of income of each Borrower for and as of the end of each fiscal month of such Fiscal Year, (C) the amount of forecasted Capital Expenditures for such Fiscal Year and (D) forecasted compliance with the provisions of Article X.
Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than (a) sixty (60) days after the beginning of each fiscal year commencing with the fiscal year beginning on or about October 1, 2003, a copy of the Company's fiscal year operating budget for such fiscal year, and (b) ninety (90) days after the beginning of each fiscal year commencing with the fiscal year beginning on or about October 1, 2003, a copy of the plan and forecast (including a projected balance sheet, income statement, a statement of cash flow and related footnotes) of the Company and its Subsidiaries for the upcoming five (5) fiscal years, in each case prepared in such detail as shall be comparable to any such budgets prepared for and delivered under the Bank Credit Agreement.
Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than (a) sixty (60) days after the beginning of each fiscal year commencing with the fiscal year beginning on or about September 30, 2003, a copy of the Borrower’s fiscal year operating budget for such fiscal year, and (b) ninety (90) days after the beginning of each fiscal year commencing with the fiscal year beginning on or about September 30, 2003, a copy of the plan and forecast (including a projected balance sheet, income statement, a statement of cash flow and related footnotes) of the Borrower and its Subsidiaries for the upcoming five (5) fiscal years, in each case prepared in such detail as shall be reasonably satisfactory to the Administrative Agent.
Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than thirty (30) days prior to the beginning of each Fiscal Year, the Administrative Borrower shall deliver to Administrative Agent their financial forecast, prepared in accordance with the Borrowers’ normal accounting procedures applied on a consistent basis, on a monthly basis for the upcoming Fiscal Year and on an annual basis for the next succeeding Fiscal Year prior to the Maturity Date, including (i) a forecasted consolidated and consolidating balance sheet, and the related consolidated and consolidating statements of income and cash flows of the Credit Parties for and as of the end of such Fiscal Year, and (ii) the amount of forecasted Capital Expenditures for such Fiscal Year.
Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than thirty (30) days prior to the commencement of each Fiscal Year of the Borrower, (i) a monthly budget for such Fiscal Year; (ii) an annual business plan for such Fiscal Year, in form and substance acceptable to the Lender, accompanied by a report reconciling all changes and departures from the business plan delivered to the Lender for the preceding Fiscal Year; and (iii) a consolidated plan and financial forecast, prepared in accordance with the Borrower's normal accounting procedures applied on a consistent basis, for such Fiscal Year and the two (2) immediately succeeding Fiscal Years, including, without limitation, (A) a forecasted consolidated balance sheet and a consolidated statement of changes in financial position of the Borrower for such Fiscal Years, (B) forecasted consolidated balance sheets, statements of earnings and retained earnings, and changes in financial position of the Borrower for and as of the end of each fiscal quarter of such Fiscal Years, (C) the amount of forecasted Capital Expenditures and Excess Cash Flow for such Fiscal Years, and (D) forecasted compliance with the provisions of ARTICLE IX for such Fiscal Years.
Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than the 60th day following the beginning of each Fiscal Year, (i) a quarterly budget of the Borrower and its Subsidiaries for such Fiscal Year; (ii) an annual business plan of the Borrower and its Subsidiaries for such Fiscal Year, accompanied by a report explaining the changes and departures from the business plan delivered to the Administrative Agent and the Lenders for the preceding Fiscal Year; and (iii) a plan and financial forecast, prepared in accordance with the Borrower’s normal accounting procedures applied on a consistent basis, for such Fiscal Year and for the two (2) succeeding Fiscal Years of the Borrower, including, without limitation, (A) a forecasted balance sheet of the Borrower as at the end of such Fiscal Year and (B) forecasted statements of income and cash flow of the Borrower for such Fiscal Year.
Budgets; Business Plans; Financial Projections. As soon as practicable after completion and in any event not later than fifteen (15) days prior to the beginning of each Fiscal Year (i) a budget for such Fiscal Year; (ii) an annual business plan for such Fiscal Year, accompanied by a report reconciling all changes and departures from the business plan delivered to the Administrative Agent for the preceding Fiscal Year; and (iii) a plan and financial forecast, prepared in accordance with the Borrowers' normal accounting procedures applied on a consistent basis, for such Fiscal Year and for the five (5) succeeding Fiscal Years, but in no event for Fiscal Years later than 2003, including, without limitation, (A) a forecasted balance sheet and changes in financial position of Stellex and its Subsidiaries as at the end of such Fiscal Year and (B) forecasted statements of income and cash flow of Stellex and its Subsidiaries for such Fiscal Year and changes in financial position of Stellex and its Subsidiaries as of the end of such Fiscal Year.
Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than sixty (60) days after the commencement of each Fiscal Year (beginning with the Fiscal Year ending in 1997), (i) a monthly budget for such Fiscal Year; (ii) an annual business plan for such Fiscal Year, substantially in the form of the business plan heretofore delivered to the Agent and the Lenders, accompanied by a report reconciling all changes and departures from the business plan delivered to the Agent and the Lenders for the preceding Fiscal Year; and (iii) a consolidated plan and financial forecast, prepared in accordance with the U.S. Borrower's normal accounting procedures applied on a consistent basis, for each succeeding Fiscal Year of the U.S. Borrower and its Subsidiaries until the scheduled Revolving Credit Termination Date, including, without limitation, (A) a forecasted consolidated balance sheet and statement of cash flow of the U.S. Borrower for each Fiscal Year, (B) forecasted consolidated and consolidating balance sheets, statements of earnings and retained earnings, and cash flow of the U.S. Borrower and its Subsidiaries for and as of the end of each fiscal quarter of such Fiscal Year, (C) the amount of forecasted Capital Expenditures for such Fiscal Year, and (D) forecasted compliance with the provisions of Article XI.
