Common use of Explanation of Budgets and Projections Clause in Contracts

Explanation of Budgets and Projections. In conjunction with the delivery of the annual presentation of projections or budgets referred to in SUBSECTION 9(d) above, Borrower shall deliver a letter signed by the President or a Vice President of Borrower and by the Treasurer or Chief Financial Officer of Borrower, describing, comparing and analyzing, in detail, all changes and developments between the anticipated financial results included in such projections or budgets and the historical financial statements of Borrower.

Explanation of Budgets and Projections. In conjunction with the delivery of the annual presentation of projections or budgets referred to in SUBSECTION 9(d9(D) above, Borrower Representative, on behalf of the Borrowers, shall deliver a letter letter, signed by the President or a Vice President of Borrower Parent and by the Treasurer or Chief Financial Officer of BorrowerParent and otherwise in a form and with reasonable detail reasonably acceptable to Agent, describing, comparing describing and analyzing, in detail, all changes and developments between the anticipated financial results included in analyzing such projections or budgets and the historical financial statements of Borrowerbudgets.

Explanation of Budgets and Projections. In conjunction with the delivery of the annual presentation of projections or budgets referred to in SUBSECTION 9(d9(D) above, Borrower the Borrowers shall deliver a letter signed by the President or a Vice President of Borrower Parent and by the Treasurer or Chief Financial Officer of BorrowerParent, describing, comparing and analyzing, in reasonable detail, all changes and developments between the anticipated financial results included in such projections or budgets and the historical financial statements of BorrowerParent and its Subsidiaries.

Explanation of Budgets and Projections. In conjunction with the delivery of the annual presentation of projections or budgets referred to in SUBSECTION 9(dPARAGRAPH 11(e) above, Borrower shall deliver a letter signed by the President or a Vice President of Borrower and by the Treasurer or Chief Financial Officer of Borrower, describing, comparing and analyzing, in detail, all changes and developments between the anticipated financial results included in such projections or budgets and the historical financial statements of Borrower.