Common use of Budgets; Projections Clause in Contracts

Budgets; Projections. As soon as available and in any event within sixty (60) days following the first day of each fiscal year of Borrower (i) an annual budget in form substantially similar to the Projections (including budgeted statements of operations, income, cash flows, retained earnings and shareholders' equity and balance sheets) prepared by Borrower for each fiscal quarter of such fiscal year and (ii) projections in form substantially similar to the Projections covering the period from such fiscal year through the Termination Date, in each case prepared in reasonable detail, with appropriate presentation and discussion of the principal assumptions upon which such budgets and projections are based, which shall be accompanied by the statement of the chief executive officer or Chief Financial Officer of Borrower to the effect that, to the best of his knowledge, such budget and projections are a reasonable estimate for the periods respectively covered thereby;

Budgets; Projections. As soon as available and in any event within sixty thirty (6030) days following the first day of each fiscal year Fiscal Year of Borrower Holdings, (i) an annual budget in form substantially similar reasonably satisfactory to Agent and the Projections Required Lenders (including budgeted statements of income, operations, income, cash flows, retained earnings and shareholders' equity and balance sheets) prepared by Borrower Holdings for each fiscal quarter Fiscal Quarter of such fiscal year Fiscal Year and (ii) projections in form substantially similar reasonably satisfactory to Agent and the Projections Required Lenders covering the period from such fiscal year Fiscal Year through the Revolver Termination Date, Date in each case prepared in reasonable detail, with appropriate presentation and discussion of the principal assumptions upon which such budgets and projections are based, which shall be accompanied by the statement of the chief executive officer or Chief Financial a Responsible Officer of Borrower Holdings to the effect that, to the best of his knowledge, such budget and projections are a reasonable estimate when made for the periods respectively covered thereby;

Budgets; Projections. As soon as available and in any event within sixty (60) days following the first day of each fiscal year of Borrower (i) an annual budget in form substantially similar to the Projections (including budgeted statements of operations, income, cash flows, retained earnings and shareholders' ’ equity and balance sheets) prepared by Borrower for each fiscal quarter of such fiscal year and (ii) projections in form substantially similar to the Projections covering the period from such fiscal year through the Termination Date, in each case prepared in reasonable detail, with appropriate presentation and discussion of the principal assumptions upon which such budgets and projections are based, which shall be accompanied by the statement of the chief executive officer or Chief Financial Officer of Borrower to the effect that, to the best of his knowledge, such budget and projections are a reasonable estimate for the periods respectively covered thereby;

Budgets; Projections. As soon as available and in any event within sixty (60) days following the first day of each fiscal year Fiscal Year of Borrower the Company (i) an annual budget in form substantially similar satisfactory to Administrative Agent and the Projections Required Lenders (including budgeted balance sheet and budgeted statements of operations, income, cash flows, retained earnings and shareholders' equity and balance sheetsequity) prepared by Borrower the Company for each fiscal quarter Fiscal Quarter of such fiscal year Fiscal Year and (ii) projections in form substantially similar satisfactory to Administrative Agent and the Projections Required Lenders covering the period from such fiscal year Fiscal Year through the Termination DateJune 30, 2007, in each case prepared in reasonable detail, with appropriate presentation and discussion of the principal assumptions upon which such budgets and projections are based, which shall be accompanied by the statement of the chief executive officer or Chief Financial Officer of Borrower the Company to the effect that, to the best of his knowledge, such budget and projections are a reasonable estimate for the periods respectively covered thereby;