Projected Operating Budget. Borrower shall furnish the Agent, no later than thirty (30) days prior to the beginning of Borrower's fiscal years commencing with fiscal year 2003, 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: Credit, Guaranty and Security Agreement (Evergreen International Aviation Inc)
Projected Operating Budget. Borrower shall furnish the AgentFurnish Agent and Lenders, no later than thirty (30) days prior to following the beginning of each Borrower's ’s fiscal years commencing with fiscal year 2003years, a month by month 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 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 preparedprepared that could reasonably be expected to result in a Material Adverse Effect.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Mammoth Energy Services, Inc.)
Projected Operating Budget. Borrower shall furnish the Furnish Agent, no later than thirty (30) days prior to the beginning of each Borrower's ’s fiscal years commencing with fiscal year 20032011, a month by month 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 each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial an Authorized 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, Term Loan and Security Agreement (NYTEX Energy Holdings, Inc.)
Projected Operating Budget. Borrower shall furnish the AgentFurnish Lender, no later than thirty (30) days prior to the beginning of each of Borrower's fiscal years commencing with fiscal year 20031998, 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 Vice President - Finance 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 (Meridian Sports Inc)
Projected Operating Budget. Borrower shall furnish the AgentFurnish Lender, no later than thirty (30) days prior to the beginning of each Borrower's ’s fiscal years commencing with fiscal year 20032020, a month by month 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 each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial a Responsible 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 (Quality Gold Holdings, Inc.)
Projected Operating Budget. The Borrower shall will furnish the AgentLender, no later than thirty (30) days prior to after the beginning of the Borrower's ’s fiscal years year, commencing with fiscal year 20032013, a month by month-by-month projected operating budget and cash flow of the Borrower for such the 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 Senior 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: Secured Revolving Credit Agreement (Black Ridge Oil & Gas, Inc.)
Projected Operating Budget. Borrower shall furnish the AgentFurnish Agent and Lenders, no later than thirty (30) days prior subsequent to the beginning of each Borrower's ’s fiscal years commencing with fiscal year 2003, a month by month 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 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. Borrower shall furnish the AgentFurnish Lender, no later less than thirty (30) days prior to the beginning of each of Borrower's fiscal years commencing with fiscal year 2003ending on December 31, 1998, 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 (Prima Group International Inc)
Projected Operating Budget. Borrower shall furnish the Furnish Agent, no later than thirty fifteen (3015) days prior to after the beginning of Borrowereach Loan Party's fiscal years commencing with fiscal year December 31, 2003, a month by month projected operating budget and cash flow of Borrower Loan Parties 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 each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower each Loan Party 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: Loan and Security Agreement (Stanadyne Automotive Corp)
Projected Operating Budget. Borrower shall furnish the AgentFurnish Agent and Lenders, no later than thirty (30) days prior to after the beginning of each Borrower's ’s fiscal years commencing with fiscal year 20032010, a month by month 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 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 (Valuevision Media Inc)
Projected Operating Budget. Borrower shall furnish the Furnish Agent, no later than thirty (30) days prior to following the beginning of each Borrower's fiscal years commencing with fiscal year 20032004, a month by month 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 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 (Gencor Industries Inc)
Projected Operating Budget. Borrower shall furnish the Furnish Agent, no later than thirty (30) days prior to the beginning of each Borrower's fiscal years commencing with fiscal year 20032001, a month by month 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 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 (Hirsch International Corp)
Projected Operating Budget. Borrower shall furnish the Furnish Agent, no later than thirty (30) days prior to the beginning of each Borrower's fiscal years commencing with fiscal year 20032007, a month by month 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 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 (Compudyne Corp)