Common use of Financial Statements and Projections Clause in Contracts

Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the fiscal years ended December 31, 2015 and December 31, 2016, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for the fiscal quarters ending March 31, 2017 and June 30, 2017 and (iii) satisfactory financial statement projections through and including the Borrower’s 2022 fiscal year (the “Projections”).

Appears in 10 contracts

Samples: Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.)

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Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the fiscal years ended December 31, 2015 2012 and December 31, 20162013, and (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for the fiscal quarters ending March 31, 2017 and June 30, 2017 and (iii) satisfactory financial statement projections through and including the Borrower’s 2022 2016 fiscal year (the “Projections”).

Appears in 5 contracts

Samples: Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.)

Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the 2011, 2012 and 2013 fiscal years ended December 31, 2015 and December 31, 2016years, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for each fiscal quarter ended after the fiscal quarters ending March 31, 2017 and June 30, 2017 date of the latest applicable financial statements delivered pursuant to clause (i) of this paragraph as to which such financial statements are available and (iii) satisfactory financial statement projections through (including projected consolidated balance sheets, statements of operations and including the Borrower’s 2022 statement of cash flows) on a fiscal year (the “Projections”)basis through December 31, 2018.

Appears in 4 contracts

Samples: Credit Agreement (Planet Fitness, Inc.), Credit Agreement (Planet Fitness, Inc.), Credit Agreement (Planet Fitness, Inc.)

Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the fiscal years ended December 31, 2015 2009 and December 31, 20162010, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for the fiscal quarters ending quarterly period ended March 31, 2017 and June 30, 2017 2011 and (iii) satisfactory financial statement projections through and including the Borrower’s 2022 2015 fiscal year (the “Projections”).

Appears in 3 contracts

Samples: Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.)

Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower Company and its Subsidiaries for the fiscal years year ended December 31, 2015 and December 31, 20162017, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower Company and its Subsidiaries for the fiscal quarters ending March 31, 2017 and quarter ended June 30, 2017 2018 and (iii) satisfactory financial statement projections on a quarterly basis through and including the BorrowerCompany’s 2022 fiscal year (ending December 31, 2018 and on an annual basis through the “Projections”)fiscal year ending December 31, 2022, in a form reasonably satisfactory to the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Tetra Technologies Inc), Credit Agreement (Tetra Technologies Inc), Credit Agreement (Tetra Technologies Inc)

Financial Statements and Projections. The Lenders Lender shall have received (i) satisfactory audited consolidated financial statements of the Borrower Borrowers for the 2015, 2016 and 2017 fiscal years ended December 31, 2015 and December 31, 2016years, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower Borrowers for the fiscal quarters ending quarter ended March 31, 2017 2018, and June 30such financial statements shall not, 2017 and in the reasonable judgment of the Lender, reflect any material adverse change in the consolidated financial condition of the Borrowers, as reflected in the financial statements or projections, (iii) satisfactory financial statement projections through for the 2018, 2019 and including the Borrower’s 2022 2020 fiscal year (the “Projections”)years.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (Servicesource International, Inc.), Revolving Loan Credit Agreement

Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the 2009, 2008 and 2007 fiscal years ended December 31, 2015 and December 31, 2016years, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for the fiscal quarters ending March 31, 2017 month and quarter ended June 30, 2017 and 2010, (iii) unaudited consolidated statement of operations of Borrower for the fiscal month ended July 31, 2010 and (iv) satisfactory financial statement (x) quarterly projections through December 31, 2011 and including the Borrower’s 2022 fiscal year (the “Projections”)y) annual projections through December 31, 2014.

Appears in 1 contract

Samples: Credit Agreement (Us Concrete Inc)

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Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the fiscal years ended December ending May 31, 2015 and December 31May 29, 2016, 2016 and (ii) satisfactory unaudited interim consolidated financial statements Projections of the Borrower for each quarter of the fiscal quarters year ending March 31May 28, 2017 and June for each year thereafter through the last day of the fiscal year ending May 30, 2017 and (iii) satisfactory financial statement projections through and including the Borrower’s 2022 fiscal year (the “Projections”)2021.

Appears in 1 contract

Samples: Credit Agreement (Landec Corp \Ca\)

Financial Statements and Projections. The Lenders shall have received (i1) satisfactory audited consolidated financial statements of the Borrower Company and its Subsidiaries for the fiscal years year ended December 31, 2015 and December 31, 20162017, (ii1) satisfactory unaudited interim consolidated financial statements of the Borrower Company and its Subsidiaries for the fiscal quarters ending March 31, 2017 and quarter ended June 30, 2017 2018 and (iii1) satisfactory financial statement projections on a quarterly basis through and including the BorrowerCompany’s 2022 fiscal year (ending December 31, 2018 and on an annual basis through the “Projections”)fiscal year ending December 31, 2022, in a form reasonably satisfactory to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Tetra Technologies Inc)

Financial Statements and Projections. The Lenders Lender shall have received (i) satisfactory audited consolidated financial statements of the Borrower Borrowers for the fiscal years ended December 31, 2015 and December 31, 20162008 year, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for the fiscal quarters ending March 31, 2017 and June 30, 2017 and 2009 for each fiscal quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (iiii) satisfactory of this paragraph as to which such financial statement projections through and including the Borrower’s 2022 fiscal year (the “Projections”)statements are available.

Appears in 1 contract

Samples: Credit Agreement (Echo Global Logistics, Inc.)

Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the fiscal years ended December 31, 2015 2010 and December 31, 20162011, (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for the fiscal quarters ending quarterly period ended March 31, 2017 and June 30, 2017 2012 and (iii) satisfactory financial statement projections through and including the Borrower’s 2022 2016 fiscal year (the “Projections”).

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

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