Common use of Projected Financial Statements Clause in Contracts

Projected Financial Statements. As soon as available, but in any event prior to the last Business Day of each Fiscal Year during the term hereof, forecasted financial statements prepared by the Operating Companies on a consolidated basis and approved by Trism's Board of Directors, consisting of monthly consolidated balance sheets, cash flow statements and income statements of the Operating Companies, reflecting projected borrowings hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period commencing on the first day of the next succeeding fiscal year. All such financial statements referred to in clauses (a) and (b) shall be complete and correct in all material respects and prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes and normal year-end adjustments) applied consistently throughout the periods reflected therein.

Appears in 3 contracts

Samples: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/), Trism Inc /De/

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Projected Financial Statements. As soon as available, but in any event prior to on or before January 31 following the last Business Day end of each Fiscal Year during fiscal year of the term hereofBorrower, forecasted financial statements statements, prepared by the Operating Companies on a consolidated basis and approved by Trism's Board of DirectorsBorrower, consisting of monthly consolidated balance sheets, cash flow statements and income statements of the Operating CompaniesBorrower and its Consolidated Subsidiaries (including and excluding GHC), reflecting projected borrowings hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period commencing on the first day of until the next succeeding fiscal yearyear end. All such financial statements shall be complete and correct in all material respects and all such financial statements referred to in clauses (a) and (b) shall be complete and correct in all material respects and prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes and normal year-end adjustmentsfootnotes) applied consistently throughout the periods reflected therein.

Appears in 2 contracts

Samples: Loan and Security Agreement (International Comfort Products Corp), Loan and Security Agreement (International Comfort Products Corp)

Projected Financial Statements. As soon as available, but in any event prior to the last Business Day no later than January 31 of each Fiscal Year during the term hereoffiscal year of Borrower, Borrower shall furnish to Lender forecasted financial statements statements, prepared by the Operating Companies on a consolidated basis and approved by Trism's Board of DirectorsBorrower, consisting of monthly consolidated and consolidating balance sheets, cash flow statements and income statements of the Operating CompaniesBorrower and its subsidiaries, reflecting projected borrowings borrowing hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period commencing on the first day of until the next succeeding fiscal yearyear end. All such financial statements shall be complete and correct in all material respects and all such financial statements referred to in clauses (a) and (b) shall be complete and correct in all material respects and prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes and normal year-end adjustmentsfootnotes) applied consistently throughout the periods reflected therein. Further, all such monthly financial statements shall be in a form acceptable to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Radisys Corp)

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Projected Financial Statements. As soon as available, but in any event prior to the last Business Day of each Fiscal Year during the term hereof, forecasted financial statements prepared by the Operating Companies Borrowers on a consolidated basis and approved by Trism's Board of Directors, consisting of monthly consolidated balance sheets, cash flow statements and income statements of the Operating CompaniesBorrowers, reflecting projected borrowings Advances hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period commencing on the first day of the next succeeding fiscal year. All such financial statements referred to in clauses (a) and (b) shall be complete and correct in all material respects and prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes and normal year-end adjustments) applied consistently throughout the periods reflected therein.

Appears in 1 contract

Samples: Loan and Security Agreement (Trism Inc /De/)

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