Common use of Projected Financial Statements Clause in Contracts

Projected Financial Statements. As soon as available, but in any event within thirty (30) days after the end of each quarterly period, Borrower shall furnish to Lender forecasted financial statements, prepared by Borrower, consisting of consolidated and consolidating balance sheets, cash flow statements and income statements of Borrower and its subsidiaries, reflecting projected borrowing hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period beginning at the end of such quarterly period. All such financial statements shall be complete and correct in all material respects and all such financial statements referred to in clauses (a), (b), (c) and (d) shall be prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes) applied consistently throughout the periods reflected therein. Further, all such financial statements shall be in a form acceptable to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (ScripsAmerica, Inc.)

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Projected Financial Statements. As soon as availableNot more than 60 days, but in any event within thirty (30) and not less than 30 days after prior to the end of each quarterly periodfiscal year of Borrower, Borrower shall furnish to Lender forecasted financial statements, prepared by Borrower, consisting of consolidated and consolidating balance sheets, cash flow statements and income statements of Borrower and its subsidiaries, reflecting projected borrowing hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period beginning at until the end of such quarterly periodnext fiscal year end. All such financial statements shall be complete and correct in all material respects and all such financial statements referred to in clauses (a), (b), (c) and (db) shall be prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes) applied consistently throughout the periods reflected therein. Further, all such financial statements shall be in a form acceptable to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Tattooed Chef, Inc.)

Projected Financial Statements. As soon as available, but in any event within At least thirty (30) but not more than sixty (60) days after prior to the end Fiscal Year-End of each quarterly periodBorrower, Borrower shall furnish to Lender forecasted financial statements, prepared by Borrower, consisting of consolidated and consolidating balance sheets, cash flow statements and income statements of operations of Borrower and its subsidiaries, reflecting projected borrowing hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period beginning at until the end of such quarterly periodnext fiscal year end. All such financial statements shall be complete and correct in all material respects and all such financial statements referred to in clauses (a), (b), (c) and (db) shall be prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes) applied consistently throughout the periods reflected therein. Further, all such financial statements shall be in a form reasonably acceptable to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Zynex Inc)

Projected Financial Statements. As soon as available, but in any event within At least thirty (30) but not more than sixty (60) days after prior to the end Fiscal Year-End of each quarterly periodBorrower, Borrower shall furnish to Lender forecasted financial statements, prepared by Borrower, consisting of consolidated and consolidating balance sheets, cash flow statements and income statements of Borrower and its subsidiaries, reflecting projected borrowing hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period beginning at until the end of such quarterly periodnext fiscal year end. All such financial statements shall be complete and correct in all material respects and all such financial statements referred to in clauses (a), (b), (c) and (db) shall be prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes) applied consistently throughout the periods reflected therein. Further, all such financial statements shall be in a form acceptable to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Zynex Inc)

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Projected Financial Statements. As soon as availableNot more than 60 days, but in any event within thirty (30) and not less than 30 days after prior to the end of each quarterly periodfiscal year of SLG and its Subsidiaries, Borrower Borrowers shall furnish to Lender forecasted financial statements, prepared by BorrowerSLG, consisting of consolidated and consolidating balance sheets, cash flow statements and income statements of Borrower SLG and its subsidiariesSubsidiaries, reflecting projected borrowing hereunder and setting forth the assumptions on which such forecasted financial statements were prepared, covering the one-year period beginning at until the end of such quarterly periodnext fiscal year end. All such financial statements shall be complete and correct in all material respects and all such financial statements referred to in clauses (a), (b), (c) and (db) shall be prepared in accordance with GAAP (except, with respect to interim financial statements, for the omission of footnotes) applied consistently throughout the periods reflected therein. Further, all such financial statements shall be in a form acceptable to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Scott's Liquid Gold - Inc.)

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