Common use of Operating Budget and Financial Projections Clause in Contracts

Operating Budget and Financial Projections. (A) Within sixty (60) days after the end of each fiscal year of Sunlight, and contemporaneously with any updates or amendments thereto, (A) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Sunlight, and (B) annual financial projections for the following fiscal year (on a monthly basis), in each case as approved by the board of directors or the equivalent governing body of Sunlight, together with any related business forecasts used in the preparation of such annual financial projections; and

Operating Budget and Financial Projections. (Ai) Within sixty (60) days after the end of each fiscal year of SunlightBorrower, and contemporaneously with any updates or amendments thereto, (A) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of SunlightBorrower, and (B) annual financial projections for the following fiscal year (on a monthly basis), in each case as approved by the board of directors or the equivalent governing body of SunlightBoard, together with any related business forecasts used in the preparation of such annual financial projections; and