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

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 after completion and in any event not later than fifteen (15) forty-five days prior to after 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' Borrower's normal accounting procedures applied on a consistent basis, for such Fiscal Year and for the five four (54) succeeding Fiscal Years, Years (but in no event for any Fiscal Years later than 2003Year following Fiscal Year 2006), including, without limitation, (A) a forecasted balance sheet and changes in financial position of Stellex the Borrower and its Subsidiaries as at the end of such Fiscal Year and (B) forecasted statements of income and cash flow of Stellex the Borrower and its Subsidiaries for such Fiscal Year and changes in financial position of Stellex the Borrower and its Subsidiaries as of the end of 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' Borrower's normal accounting procedures applied on a consistent basis, for such Fiscal Year and for the five four (54) 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 the Borrower and its Subsidiaries as at the end of such Fiscal Year and (B) forecasted statements of income and cash flow of Stellex the Borrower and its Subsidiaries for such Fiscal Year and changes in financial position of Stellex the Borrower and its Subsidiaries as of the end of such Fiscal Year.