Common use of Budgets; Business Plans; Financial Projections Clause in Contracts

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 thirty (30) days after the beginning of each fiscal year Fiscal Year of Xxxxx Karan International for each Fiscal Years the Borrower (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 LendersAgent, accompanied by a report reconciling all changes and departures showing variances 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 Internationalthe Borrower's normal accounting procedures applied on a consistent basis, for each succeeding Fiscal Year until prior to the Commitment Termination Maturity Date, including, without limitation, including (A) a forecasted consolidated balance sheet, and the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International the Borrower and its consolidated Subsidiaries for and as of the end of such Fiscal Year, and the forecasted consolidating statements of income of each the Borrower and its consolidated Subsidiaries 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 the Borrower and its consolidated Subsidiaries for and as of the end of each fiscal month of such Fiscal Year, and the forecasted consolidating statements of income of each the Borrower and its consolidated Subsidiaries for and as of the end of each fiscal month of such Fiscal Year, Year and (C) the amount of forecasted Capital Expenditures for such Fiscal Year and (D) forecasted compliance with the provisions of Article X.Year.

Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than thirty (30) days after prior to the beginning commencement of each fiscal year of Xxxxx Karan International Fiscal Year for each of the Fiscal Years ending in 1997 and thereafter, (i) a monthly quarterly budget for each Borrower and its Subsidiaries for such Fiscal Year; (ii) an annual business plan for each Borrower and its Subsidiaries for such Fiscal Year, substantially in the form of the business plan plans heretofore delivered to the Administrative Agent and the Lenders, accompanied by a report reconciling all changes and departures from the business plan plans delivered to the Administrative Agent and the Lenders for the preceding Fiscal Year Year; and (iii) a consolidated and consolidating plan and financial forecast, prepared in accordance with Xxxxx Karan Internationalthe Parent's and ASOC's normal accounting procedures applied on a consistent basis, for each succeeding Fiscal Year until the Commitment scheduled Revolving Credit Termination Date, including, without limitation, (A) a forecasted consolidated and consolidating balance sheetsheets and statements of cash flow of the Parent and its Subsidiaries, Leasing Affiliate and its Subsidiaries, and the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International each Borrower 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 and consolidating balance sheets, and the related consolidated statements of incomeearnings and retained earnings, stockholders' equity and cash flows flow of Xxxxx Karan International the Parent and its Subsidiaries, Leasing Affiliate and its Subsidiaries, and each Borrower and its Subsidiaries for and as of the end of each fiscal month quarter of such the immediately succeeding Fiscal Year, Year and the forecasted consolidating statements of income of each Borrower for and as of the end of each fiscal month of such Fiscal YearYear thereafter, (C) the amount of forecasted Capital Expenditures for such Fiscal Year Year, and (D) forecasted compliance with the provisions of Article X.ARTICLE XI and SECTION 12.01(O)(II)(G)-(K).

Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than June 30, 1997 with respect to Fiscal Year 1997 and with respect to each Fiscal Year thereafter 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 thirty (30) days after the beginning last day of each fiscal year Fiscal Year a preliminary budget by Fiscal Quarter of Xxxxx Karan International the Borrower for each the next succeeding Fiscal Years (i) a monthly budget for such Fiscal Year; (ii) an annual Year and business plan for such the next succeeding four (4) Fiscal YearYears, 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 within forty-five days (45) after the business plan delivered to the Administrative Agent and the Lenders for the preceding end of each Fiscal Year and (iii) of the Borrower, a consolidated and consolidating plan and financial forecast, prepared in accordance with Xxxxx Karan Internationalthe Borrower's normal accounting procedures applied on a consistent basis, for each succeeding the five (5) Fiscal Year until period of the Commitment Termination DateBorrower commencing in the Fiscal Year in which delivered, including, without limitation, (Ai) a forecasted consolidated balance sheet, sheets and the related consolidated statements of income, stockholders' equity cash flow and cash flows of Xxxxx Karan International and its Subsidiaries for and as income statement of the end of such Fiscal Year, and the forecasted consolidating statements of income of each Borrower for such Fiscal YearYears, (Bii) forecasted consolidated and consolidating balance sheets, statement of cash flow and income statement of the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International Borrower and its Subsidiaries for and as of the end of each fiscal month 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 YearYears, (Ciii) the amount of forecasted Capital Expenditures for such Fiscal Year Years, and (Div) forecasted compliance with the provisions of Article X.X, each of the foregoing prepared for each Fiscal Month in the first Fiscal Year of such five Fiscal Year period and accompanied by a report explaining all material changes and departures for the first of such five (5) Fiscal Years from the preliminary business plan delivered to the Agent and the Lenders for such Fiscal Year.

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 Fiscal Year of Xxxxx Karan International for each Fiscal Years the Borrower (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 Internationalthe Borrower's normal accounting procedures applied on a consistent basis, for each succeeding Fiscal Year until prior to the Commitment Termination Maturity Date, including, without limitation, including (A) a forecasted consolidated balance sheet, and the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International the Borrower and its Subsidiaries for and as of the end of such Fiscal Year, and the forecasted consolidating statements of income of each the 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 the Borrower 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 the 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 thirty (30) days after prior to the beginning commencement of each fiscal year of Xxxxx Karan International Fiscal Year for each of the Fiscal Years ending in 1997 and thereafter, (i) a monthly quarterly 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 Year; and (iii) a consolidated and consolidating plan and financial forecast, prepared in accordance with Xxxxx Karan Internationalthe Parent's and Borrower's normal accounting procedures applied on a consistent basis, for each succeeding Fiscal Year until the Commitment scheduled Revolving Credit Termination Date, including, without limitation, (A) a forecasted consolidated and consolidating balance sheetsheets and statements of cash flow of the Parent and its Subsidiaries, Leasing Affiliate and its Subsidiaries, and the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International Borrower 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 and consolidating balance sheets, statements of earnings and retained earnings, and cash flow of the Parent and its Subsidiaries, Leasing Affiliate and its Subsidiaries, and the related consolidated statements of income, stockholders' equity and cash flows of Xxxxx Karan International Borrower and its Subsidiaries for and as of the end of each fiscal month quarter of such the immediately succeeding Fiscal Year, Year and the forecasted consolidating statements of income of each Borrower for and as of the end of each fiscal month of such Fiscal YearYear thereafter, (C) the amount of forecasted Capital Expenditures for such Fiscal Year Year, and (D) forecasted compliance with the provisions of Article X.ARTICLE XI and SECTION 12.01(o)(ii)(G)- (K).