Common use of Budgets, etc Clause in Contracts

Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the Borrower (or 90 days, in the case of the fiscal year commencing January 1, 1997), budgets of the Borrower and its Subsidiaries in reasonable detail for each of the four fiscal quarters of such fiscal year and for each of the four fiscal quarters of the immediately 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 Section 7.01(b) and (c) in respect of each fiscal period ending on or after March 31, 1997, 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) shall be presented.

Appears in 1 contract

Sources: Credit Agreement (Dade International Inc)

Budgets, etc. Not more than 60 30 days after the commencement of ------------- each fiscal year of the Borrower (or 90 days, in the case of the fiscal year commencing January 1, 1997)Holdings, budgets of the Borrower and its Subsidiaries in reasonable detail for each of the four fiscal quarters of such fiscal year and (commencing with the fiscal year beginning on or about February 1, 1998) for each of the four fiscal quarters of the immediately 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 Section 7.01(b) and (c) in respect of each fiscal period ending on or after March 31, 1997), 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) shall be presented.

Appears in 1 contract

Sources: Credit Agreement (Collins & Aikman Floor Coverings Inc)

Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the Borrower (or 90 daysHoldings, in the case a consolidated budget of the fiscal year commencing January 1, 1997), budgets of the Borrower Holdings and its Subsidiaries in reasonable detail (including budgeted statements of income, sources and uses of cash and balance sheets for Holdings and its Subsidiaries on a consolidated basis) for each of the four fiscal quarters of such fiscal year and for each of the four fiscal quarters of the immediately succeeding fiscal year, prepared 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 Section 7.01(bSections 7.01(a) and (cb) in respect of each beginning after the fiscal period year ending on or after March 31, 19972006, 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) shall be presented.

Appears in 1 contract

Sources: Credit Agreement (RBS Global Inc)

Budgets, etc. Not more than 60 days after the commencement of ------------- each ------------ fiscal year of the Borrower (or 90 days, in the case of commencing with the fiscal year commencing January 1ended December 31, 19971996), budgets of the Borrower and its Subsidiaries Consolidated Entities in reasonable detail for each of the four fiscal quarters of such fiscal year and for each of the four twelve fiscal quarters months of the immediately succeeding such fiscal year, in each case as customarily prepared by management for its internal use use, setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Section 7.01(b) Sections 6.01(a), (b), and (c) in respect of each fiscal period ending on or after March 31, 1997), 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) shall be presented.

Appears in 1 contract

Sources: Credit Agreement (Physicians Quality Care Inc)