Common use of Budgets, etc Clause in Contracts

Budgets, etc. As soon as available but not more than 45 days after the commencement of each fiscal year of Holdings, a budget of Holdings and its Subsidiaries (x) in reasonable detail for each of the twelve months and four fiscal quarters of such fiscal year and (y) in summary form for each of the four fiscal years immediately following such fiscal year, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 8.01(a), (b) and (c), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (d) also shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Champion Aerospace Inc)

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Budgets, etc. As soon as available but not Not more than 45 30 days after the commencement of each fiscal year of Holdings, a consolidated budget of Holdings and its Subsidiaries (xincluding budgeted statements of income, sources and uses of cash and balance sheets for Holdings and its Subsidiaries on a consolidated basis) in reasonable detail for each of the twelve months and four fiscal quarters of such fiscal year and (y) prepared in summary form for each of the four fiscal years immediately following such fiscal year, in each case reasonable detail as customarily prepared by management for its internal use and setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of consolidated financial statements pursuant to Sections 8.01(a), (b7.01(a) and (cb), a comparison of the current year to year-to-date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (d) also shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Winfred Berg Licensco Inc)

Budgets, etc. As soon as available but not more than 45 days after the commencement of each fiscal year of Holdingsthe Borrower, a budget of Holdings the Borrower and its Subsidiaries (x) in reasonable detail for each of the twelve months and four fiscal quarters of such fiscal year and (y) in summary form for each of the four fiscal years immediately following such fiscal year, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 8.01(a), (b) and (c), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (d) also shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Symons Corp)

Budgets, etc. As soon as available but not Not more than 45 30 days after the commencement of each fiscal year of HoldingsParent beginning with the fiscal year commencing on October 1, 1997, a budget of Holdings Parent and its Subsidiaries (x) in reasonable detail for each of the twelve months and four fiscal quarters of such fiscal year and (y) in summary form for each of the four fiscal years immediately following such fiscal year, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 8.01(a), (b) and (c), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (de) also shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Maple Leaf Aerospace Inc)

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Budgets, etc. As soon as available but not Not more than 45 90 days after the commencement of each fiscal year of HoldingsHoldings (or, a budget if earlier, the date of the delivery of the annual financial statements of Holdings pursuant to Section 7.01(c) above), budgets of Holdings and its Subsidiaries (x) in reasonable detail for each of the twelve months and four fiscal quarters of such fiscal year and (y) in summary form for each of the four fiscal years immediately following such succeeding fiscal year, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 8.01(a), (bSection 7.01(b) and (c), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (d) also shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Dade Behring Holdings Inc)

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