Common use of Budgets Clause in Contracts

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 5 contracts

Samples: Credit Agreement (Infousa Inc), Credit Agreement (Infousa Inc), Credit Agreement (Infousa Inc)

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Budgets. No later than 30 45 days following the first day of each fiscal year of the Administrative Borrower, a budget (statements of income) in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Administrative Borrower (i) for each of the twelve months fiscal month of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthAdministrative Borrower and its Restricted Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Administrative Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 5 contracts

Samples: Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)

Budgets. No later than 30 60 days following the first day of each fiscal year of the Borrower (commencing with the Borrower’s fiscal year ending on or ending closest to September 30, 2014), a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 4 contracts

Samples: Amendment Agreement (Lee Enterprises, Inc), Amendment Agreement (Lee Enterprises, Inc), First Lien Credit Agreement (Lee Enterprises, Inc)

Budgets. No later than 30 90 days following after the first day of each fiscal year of the Borrower, a an annual budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income by each of Borrower's business units and sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal month of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, presentation and discussion of the principal assumptions upon which such budgets are budget is based., accompanied by the statement of a Financial Officer of Borrower to the effect that to such officer's knowledge such budget is a reasonable estimate for the period covered thereby; and

Appears in 2 contracts

Samples: Credit Agreement (Communications & Power Industries Inc), Credit Agreement (Cpi Holdco Inc)

Budgets. No later than 30 days following the first 45th day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash flow statement and balance sheets) prepared by sheets for the Borrower and its Subsidiaries on a consolidated basis) (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years through the Maturity Date prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 2 contracts

Samples: Credit Agreement (NightHawk Radiology Holdings Inc), Credit Agreement (NightHawk Radiology Holdings Inc)

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 2 contracts

Samples: Credit Agreement (Hanger Orthopedic Group Inc), Credit Agreement (Hanger Orthopedic Group Inc)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Borrower, a budget (statements of operations), in form reasonably satisfactory to the Administrative Agent (including budgeted statements of incomeAgent, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal month of such fiscal year year, and for the following (2) two fiscal years, prepared in detail of Holdings and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 2 contracts

Samples: Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 2 contracts

Samples: Credit Agreement (Sitel Corp), Credit Agreement (Sitel Corp)

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower (beginning with the Borrower’s fiscal year commencing on January 1, 2008), (i) a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by income for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four quarters of such fiscal year prepared in detail and (ii) projections for each of such fiscal year and the immediately three succeeding two fiscal years prepared in summary formyears, in each case setting forthwhich shall include key operating assumptions, with appropriate discussion, the principal assumptions upon which such budgets are basedEBITDA projections and debt and cost projections.

Appears in 2 contracts

Samples: Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)

Budgets. No later than 30 days following after the first day of each fiscal year of the Borrower, a budget budgets in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by the Borrower for (ix) for each of the twelve months of such fiscal year prepared in reasonable detail and (iiy) for each of the immediately three succeeding following fiscal years year prepared in summary form, in each case setting forthaccompanied by the statement of the chief financial officer of the Borrower to the effect that, with appropriate discussionto the best of his knowledge, the principal assumptions upon which such budgets are basedrespective budget is a reasonable estimate for the period covered thereby.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Group Inc /De/), Credit Agreement (Alpine Group Inc /De/)

Budgets. No later than 30 75 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are basedreasonable detail.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Walter Investment Management Corp), First Lien Credit Agreement (Walter Investment Management Corp)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Borrower, a budget (statements of operations), in form reasonably satisfactory to the Administrative Agent (including budgeted statements of incomeAgent, sources and uses of cash and balance sheets) prepared by the Borrower (i) Holdings for each of the twelve months fiscal month of such fiscal year year, and for the following (2) two fiscal years, prepared in detail of Holdings and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 2 contracts

Samples: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Diamond S Shipping Inc.)

Budgets. No later than 30 90 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are basedyear.

Appears in 2 contracts

Samples: Credit Agreement (Shuffle Master Inc), Credit Agreement (Shuffle Master Inc)

Budgets. No later than 30 days following the first day of each fiscal year Fiscal Year of the Administrative Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Administrative Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months of such fiscal year Fiscal Year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are baseddetail.

Appears in 1 contract

Samples: Credit Agreement (WESTMORELAND COAL Co)

Budgets. No later than 30 45 days following after the first day of each fiscal year Fiscal Year of the Borrower, a reasonably detailed budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources income and uses of cash and balance sheetsprojected Capital Expenditures) prepared by the Borrower (i) for each fiscal month of such Fiscal Year, prepared in detail, of the twelve months of such fiscal year prepared in detail Borrower and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based.;

Appears in 1 contract

Samples: Credit Agreement (Five Below, Inc)

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower and its Subsidiaries on a consolidated basis) (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the two immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (First Horizon Pharmaceutical Corp)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower and its Subsidiaries on a consolidated basis) (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the two immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (Nuco2 Inc /Fl)

Budgets. No later than 30 60 days following the first day of each fiscal year of the Borrower (commencing with the Borrower’s fiscal year ending on or closest to September 30, 2012), a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Second Lien Loan Agreement (Lee Enterprises, Inc)

Budgets. No later than 30 60 days following the commencement of the first day of each fiscal year of the BorrowerBorrower (commencing with the fiscal year of the Borrower ended December 31, 2000), a budget of the Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal quarter of such fiscal year prepared in detail and (ii) for each detail, accompanied by the statement of the immediately three succeeding fiscal years prepared in summary formChief Financial Officer of the Borrower to the effect that, in each case setting forth, with appropriate discussionto the best of his knowledge, the principal assumptions upon which such budgets are basedbudget is a reasonable estimate for the period covered thereby.

Appears in 1 contract

Samples: Credit Agreement (Pca Valdosta Corp)

Budgets. No later than 30 60 days following the commencement of the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower for (ix) for in the case of budgeted statements of operations, each of the twelve months of such fiscal year prepared in detail detail, including break-downs for each fiscal quarter, and (iiy) in the case of budgeted statements of cash flows and balance sheets, for such fiscal year on an annual basis and prepared in reasonable detail, including break-downs for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are basedquarter.

Appears in 1 contract

Samples: Credit Agreement (Ameristar Casinos Inc)

Budgets. No later than 30 60 days following the first day of each fiscal year of the Borrower (commencing with the Borrower’s fiscal year ended on or ending closest to September 30, 2012), a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Exit Credit Agreement (Lee Enterprises, Inc)

Budgets. No later than 30 45 days following the first day of each fiscal year Fiscal Year of the BorrowerBorrower (commencing with its Fiscal Year ending on or around December 31, 2016), a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four fiscal quarters of such fiscal year Fiscal Year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (Lattice Semiconductor Corp)

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Budgets. No later than 30 days following the first day of each fiscal year Fiscal Year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months of such fiscal year Fiscal Year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are baseddetail.

Appears in 1 contract

Samples: Credit Agreement (WESTMORELAND COAL Co)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months of such fiscal year prepared in substantially the same detail as the Projections and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 1 contract

Samples: Credit Agreement (Scot Inc)

Budgets. No later than 30 days following the first day of each ------- fiscal year of the Borrower, a budget budget, in form reasonably satisfactory to the Administrative Agent (including Agent, consisting of budgeted statements of income, income and sources and uses of cash and balance sheets) sheets prepared by the Borrower (i) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are basedyear.

Appears in 1 contract

Samples: Credit Agreement (Sylvan Learning Systems Inc)

Budgets. No later than 30 60 days following the first day of each ------- fiscal year of the Borrower, a budget of the Borrower and its Subsidiaries, in form reasonably satisfactory to the Administrative Agent (including Agent, consisting of budgeted statements of income, income and sources and uses of cash and balance sheets) , prepared by the Borrower (i) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 1 contract

Samples: Credit Agreement (Idt Corp)

Budgets. No later than 30 45 days following the first day of each fiscal year Fiscal Year of the BorrowerBorrower (commencing with its Fiscal Year ending closest to January 31, 2013), a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four Fiscal Quarters of such fiscal year Fiscal Year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (Semtech Corp)

Budgets. No later than 30 60 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (Lee Enterprises Inc)

Budgets. No later than 30 60 days following after the first day of each fiscal year of the Borrower, a budget consolidated budget, in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal quarter of such fiscal year prepared in detail detail, of Borrower and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion of the principal assumptions upon which such budgets are based., accompanied by the statement of a Financial Officer of Borrower to the effect that the budget of Borrower is a reasonable estimate for the period covered thereby;

Appears in 1 contract

Samples: Credit Agreement (Norcraft Companies Lp)

Budgets. No later than 30 days following the first day of each ------- fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) for the Borrower and its Subsidiaries on a consolidated basis prepared by the Borrower (i) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately succeeding three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Inc)

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative infoUSA Amended and Restated Credit Agreement Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 1 contract

Samples: Credit Agreement (Infousa Inc)

Budgets. No later than 30 days following the first day of each fiscal year of the US Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by the US Borrower (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 1 contract

Samples: Credit Agreement (Sitel Corp)

Budgets. No later than 30 60 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent or otherwise consistent in form with the budget delivered to the Administrative Agent prior to the Effective Date (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months of such fiscal year prepared in reasonable detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (Affinity Gaming, LLC)

Budgets. No later than 30 60 days following the first day of each fiscal year of the Borrower (commencing with the Borrower’s fiscal year ended September 30, 2005), a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 1 contract

Samples: Credit Agreement (Lee Enterprises, Inc)

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