Reconciliations with Budget Clause Samples
Reconciliations with Budget. On Monday of each week, a reconciliation, in form and substance satisfactory to Administrative Agent, of the actual cash receipts, disbursements, net cash, and Availability of Credit Parties for the most recently-ended week to the line items amounts set forth in the Budget for such week and such cumulative period to date, accompanied by a narrative, in form and substance satisfactory to Administrative Agent, detailing any discrepancies between the actual results for such week and cumulative period and the Budget for such week and such cumulative period.
Reconciliations with Budget. At all times on and after February 19, 2008, on Wednesday of each week, in each case, after review and approval of the Operational Advisor and in form and substance satisfactory to the Administrative Agent provide (i) a reconciliation of the actual cash receipts, disbursements, net cash, and Availability of Credit Parties for the most recently-ended week (on a weekly and cumulative basis) to the amount set forth in each budgeted line item in the Budget for such week (and on a cumulative basis), (ii) a narrative detailing any discrepancies between the actual results for such week (and on a cumulative basis) and the Budget for such week (and on a cumulative basis), and (iii) an outline of actions to be taken by Credit Parties to eliminate any adverse discrepancies, if any, and to return to compliance with the Budget.”