Common use of Projected Operating Budget Clause in Contracts

Projected Operating Budget. Furnish Agent and Lenders, no later than thirty (30) days prior to the beginning of Borrower’s fiscal years commencing with fiscal year 2006, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Input Output Inc), Revolving Credit and Term Loan Agreement (FCStone Group, Inc.)

AutoNDA by SimpleDocs

Projected Operating Budget. Furnish Agent and Lenders, no later than thirty (30) days prior to after the beginning of Borrower’s 's fiscal years commencing with fiscal year 20062000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 2 contracts

Samples: Loan Agreement (McMS Inc), Loan Agreement (McMS Inc /De/)

Projected Operating Budget. Furnish Agent and LendersLender, no later than thirty forty-five (3045) days prior to after the beginning of each of Borrower’s 's fiscal years commencing with fiscal year 20061998, a month by month projected operating budget and cash flow of Borrower (on a consolidated basis) for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrower's President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Credit and Security Agreement (Cold Metal Products Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty (30) days prior to the beginning of Borrower’s fiscal years commencing with fiscal year 20062009, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial a Duly Authorized Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Apac Customer Service Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty (30) days prior to after the beginning of Borrower’s 's fiscal years commencing with fiscal year 20062003, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Badger Paper Mills Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty (30) days prior to the beginning of each of Borrower’s 's fiscal years commencing with fiscal year 20061999, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrower's President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Candies Inc)

Projected Operating Budget. Furnish Agent and Lenders, no later than thirty ninety (3090) days prior to after the beginning of Borrower’s 's fiscal years commencing with fiscal year 2006, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Small World Kids Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty (30) days prior to the beginning of Borrower’s 's fiscal years commencing with fiscal year 20062005, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit, Term Loan, Equipment Line of Credit and Security Agreement (Ashlin Development Corp)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty (30) days prior to the beginning of Borrower’s 's fiscal years commencing with fiscal year 20062003, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Obsidian Enterprises Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty forty five (3045) days prior to after the beginning of Borrower’s each fiscal years year commencing with fiscal year 20062009, a month quarter by month quarter projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month fiscal quarter and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Blonder Tongue Laboratories Inc)

Projected Operating Budget. Furnish Agent and Lendersthe Agents, no later than thirty (30) days prior to after the beginning of the Borrower’s 's fiscal years commencing with fiscal year 20062000, a month by month projected operating budget and cash flow of the Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of the Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit, Equipment Loan, Term Loan and Security Agreement (McMS Inc /De/)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty (30) days prior to the beginning of Borrower’s Borrowers’ fiscal years commencing with fiscal year 20062005, a month by month projected operating budget and cash flow of Borrower Borrowers for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of each Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Phosphate Holdings, Inc.)

AutoNDA by SimpleDocs

Projected Operating Budget. Furnish Agent and LendersAgent, no later less than -------------------------- thirty (30) days prior to the beginning of each of Borrower’s 's fiscal years commencing beginning with fiscal the year 20062000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrower's President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit, Factoring and Security Agreement (Tarrant Apparel Group)

Projected Operating Budget. Furnish Agent and LendersTerm B Lender, no later than thirty (30) days prior to the beginning of Borrower’s 's fiscal years commencing with fiscal year 20062008, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Air Industries Group, Inc.)

Projected Operating Budget. Furnish Agent and LendersLender, no later less than thirty (30) days prior to the beginning of Borrower’s each of Borrowers' fiscal years commencing with fiscal year 2006ending February 1, 1997, a month by month projected operating budget and cash flow of Borrower Borrowers for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the CSI's President or Chief Financial Officer of Borrower Treasurer to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit Agreement (Claires Stores Inc)

Projected Operating Budget. Furnish Agent and LendersBorrower shall furnish Agent, no later than thirty (30) days prior to the beginning of Borrower’s 's fiscal years commencing with fiscal year 20062001, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit, Term Loan, Guaranty and Security Agreement (Us Home & Garden Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty ninety (3090) days prior to following the beginning of Borrower’s fiscal years commencing with fiscal year 20062009, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Berliner Communications Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later than thirty (30) -------------------------- days prior subsequent to the beginning of each Borrower’s 's fiscal years commencing with fiscal year 20062001, a month quarter by month quarter projected operating budget and cash flow of Borrower Borrowers on a consolidated and consolidating basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in for each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of each Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Intelligroup Inc)

Projected Operating Budget. Furnish Agent and LendersAgent, no later less than thirty (30) days prior to after the beginning of each of Borrower’s 's fiscal years commencing with fiscal year 20062000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income me statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrowers President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Centurion Wireless Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!