Common use of Budgets, etc Clause in Contracts

Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the US Borrower, budgets of the US Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) such fiscal year prepared in detail and (y) each of the five years immediately following such fiscal year prepared in summary form, 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 7.01(a) and (b), 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 clause (x) of this Section 7.01(c) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (U S a Floral Products Inc)

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Budgets, etc. Not more than 60 (or, in the case of the US ------------- Borrower's fiscal year commencing on January 1, 2002, 90) days after the commencement of ------------- each fiscal year of the US Borrower, consolidated budgets (including Capital Expenditures budgets) of the US Borrower and its Subsidiaries (i) in form reasonably satisfactory to reasonable detail for each of the Administrative Agent (including, in any event, budgeted statements four fiscal quarters of income and sources and uses of cash and balance sheets) for (x) such fiscal year prepared in detail and (yii) in summary form for each of the five fiscal years immediately following such fiscal year prepared in summary formyear, 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 7.01(a6.01(b) and (bc), 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 (x) of this Section 7.01(cd) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals Group Inc)

Budgets, etc. Not more than 60 (or, in the case of the US Borrower's fiscal year commencing on January 1, 2002, 90) days after the commencement of ------------- each fiscal year of the US Borrower, consolidated budgets (including Capital Expenditures budgets) of the US Borrower and its Subsidiaries (i) in form reasonably satisfactory to reasonable detail for each of the Administrative Agent (including, in any event, budgeted statements four fiscal quarters of income and sources and uses of cash and balance sheets) for (x) such fiscal year prepared in detail and (yii) in summary form for each of the five fiscal years immediately following such fiscal year prepared in summary formyear, in each case as customarily prepared by 106 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 7.01(a6.01(b) and (bc), 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 (x) of this Section 7.01(cd) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Salt Holdings Corp)

Budgets, etc. Not more than 60 (or, in the case of the US Borrower's ------------- fiscal year commencing on January 1, 2002, 90) days after the commencement of ------------- each fiscal year of the US Borrower, consolidated budgets (including Capital Expenditures budgets) of the US Borrower and its Subsidiaries (i) in form reasonably satisfactory to reasonable detail for each of the Administrative Agent (including, in any event, budgeted statements four fiscal quarters of income and sources and uses of cash and balance sheets) for (x) such fiscal year prepared in detail and (yii) in summary form for each of the five fiscal years immediately following such fiscal year prepared in summary formyear, 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 7.01(a6.01(b) and (bc), 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 (x) of this Section 7.01(cd) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (GSL Corp)

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Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the US U.S. Borrower, consolidated budgets of the US U.S. Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) in reasonable detail for each of the four fiscal quarters of such fiscal year prepared in detail and (y) in summary form for each of the five fiscal years immediately following such fiscal year prepared in summary formyear, 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 7.01(a8.01(a) and (b), 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 (x) of this Section 7.01(cc) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (MTL Inc)

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