Common use of Projections and Business Plan Clause in Contracts

Projections and Business Plan. The Term Agent shall have received the projections and business plan of each of the Borrowers and their Subsidiaries and shall be satisfied with them (including, without limitation, that the minimum Liquidity on the Closing Date is sufficient to (1) allow the Borrowers to meet ongoing liquidity needs, including the payment and performance of current and projected customer contracts and (2) fund the Borrowers’ and their Subsidiaries’ operations and pay accounts payable in accordance with historical practices);

Projections and Business Plan. The Term Agent shall have received the projections and business plan of each of the Borrowers and their Subsidiaries and shall be reasonably satisfied in form, substance and detail, with them (including, without limitation, that the minimum Liquidity on the Closing Effective Date is sufficient to (1i) allow the Borrowers to meet ongoing liquidity needs, including the payment and performance of current and projected customer contracts and (2ii) fund the Borrowers’ and their Subsidiaries’ operations and pay accounts payable in accordance with historical practices);

Projections and Business Plan. The Term Agent shall have received the projections and business plan of each of the Borrowers and their Subsidiaries and shall be reasonably satisfied in form, substance and detail, with them (including, without limitation, that the minimum Liquidity on the Closing Date is sufficient to (1i) allow the Borrowers to meet ongoing liquidity needs, including the payment and performance of current and projected customer contracts and (2ii) fund the Borrowers’ and their Subsidiaries’ operations and pay accounts payable in accordance with historical practices);