Common use of DIP Budget Clause in Contracts

DIP Budget. The DIP Budget has been prepared by the Borrower in light of the past operations of the business of Borrower, and reflects the budget for the period contained therein, on a week by week basis. The DIP Budget is based upon estimates and assumptions stated therein, all of which the Borrower believes to be reasonable and fair in light of current conditions and current facts known to the Borrower at the time the DIP Budget is submitted to the Postpetition Lender and reflects the Borrower’s good faith and reasonable estimates of the future financial performance of Borrower at the time the DIP Budget is submitted to the Postpetition Lender and of the other information projected therein for the periods set forth therein.

Appears in 7 contracts

Samples: Credit Agreement (Verasun Energy Corp), Credit Agreement (Verasun Energy Corp), Credit Agreement (Verasun Energy Corp)

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