Updated Projections. As to each such Incremental Project, the Base Case Projections as amended and updated to incorporate the base case financial projections of the Project Companies’ operating results for such Incremental Project, demonstrating the Borrower’s continuing ability to service the Loans, which amended and updated Base Case Projections shall be in form and detail reasonably satisfactory to the Required Lenders in consultation with the Independent Engineer, and shall be certified by a Responsible Officer of the Borrower as having been prepared in good faith based upon assumptions believed by such Responsible Officer to be reasonable at the time;
Updated Projections. As soon as practicable, and in any event no later than sixty (60) days after the end of each Fiscal Year of Issuer, updated Projections prepared in good faith and certified by an Authorized Officer of an Issuer Party as to the reasonableness of the underlying assumptions and the conclusions based thereon and satisfactory in form, substance, and detail to Note Holders and the Independent Engineer, covering the period from the end of the most recently ended Fiscal Year through the date which is twenty (20) years following the Restatement Effective Date. The Projections shall include the Debt Service Coverage Ratios and the consolidated cash flow statements of Issuer and its Subsidiaries for the each of the four Fiscal Quarters following the Fiscal Year most recently ended and for each Fiscal Year thereafter included in such Projections and shall state any assumptions made in connection with the preparation thereof.
Updated Projections. Within fifteen (15) days following the Third Restatement Effective Date, the Parent shall have delivered to each Agent and each of the Banks updated consolidated projections in substantially the form of the Projections delivered on the Third Restatement Effective Date pursuant to Section 4.15, except such updated projection shall cover the period commencing on the Third Restatement Effective Date and ending on or after December 31, 2005 (with each reference to the "Projections" appearing in Section 6.05 hereof to be deemed to be a reference to the projections delivered pursuant to this Section 12.18(d) at all -156- times after their delivery pursuant to this Section as if same had been delivered on the Third Restatement Effective Date).
Updated Projections. Agent shall have received updated financial projections of Titan International and its Subsidiaries for the 2022 Fiscal Year prepared in a manner consistent with past practices.
Updated Projections. The Borrower acknowledges and agrees that on or before November 15, 2011, the Borrower will deliver to the Administrative Agent updated quarterly projections for the remainder of Fiscal Year 2011 and the entirety of Fiscal Year 2012, in form and substance reasonably satisfactory to the Administrative Agent, which projections shall include, among other things, projected utilization of Letters of Credit, together with a certification by the chief executive officer, chief financial officer, treasurer or controller stating that such projections are based on reasonable estimates, information and assumptions and that such person has no reason to believe that such projections are incorrect or misleading in any material respect.
Updated Projections. All projections of Net Cash Flow shall be prepared by the Borrower on a reasonable, good faith basis taking into account the Eligible Projects that are then in service. Until the second anniversary of the Closing Date, all projections of Net Cash Flow shall be based on the P50 Production estimates in the Base Case Model as of the Closing Date and, thereafter, they may be updated by the Borrower on a Scheduled Payment Date no more than once annually to reflect (A) actual average production and payment history (taking into account actual default rates) over the prior two year period, (B) the projected Flip Point (for Fund XVIII) and end of the Lease Term in the case of the Lessor as shown on the applicable Tracking Models or Tax Equity Fund Models (as each are updated in accordance with the Tax Equity Documents) and (C) Operating Expenses as projected under the then-applicable Operating Budget.
Updated Projections. Agent shall have received projections (the “Projections”), prepared in good faith and certified by an Authorized Officer of Issuer as to the reasonableness of the underlying assumptions and the conclusions based thereon and satisfactory in form, substance, and detail to Note Holders and the Independent Engineer, covering the period from the Restatement Effective Date through the date which is twenty-five (25) years following the Scheduled PPA Commercial Operation Date. The Projections shall include the Debt Service Coverage Ratios, consolidated cash flow statements of Issuer and its Subsidiaries for each Fiscal Quarter for the first four Fiscal Quarters following the Restatement Effective Date and for each Fiscal Year commencing with the first Fiscal Year following the Restatement Effective Date, and they shall state any assumptions made in connection with the preparation thereof.
Updated Projections. Within 90 days of the Closing Date, the consolidated pro forma balance sheet and projected consolidated balance sheets, statements of operations and statements of cash flows delivered pursuant to Section 12.1, updated to reflect asset value adjustments made pursuant to SFAS 141 with respect to the Related Transactions.
Updated Projections. As to each such Additional Project, the Base Case Projections as amended and updated to incorporate the base case financial projections of the Project Companies’ operating results for such Additional Project, demonstrating the Borrower’s continuing ability to service the Loans, which amended and updated Base Case Projections shall be in form and detail reasonably satisfactory to the Required Lenders and shall be certified by a Responsible Officer of the Borrower as having been prepared in good faith based upon assumptions believed by such Responsible Officer to be reasonable at the time; KE 84627654
Updated Projections. Within 10 days before the end of each calendar quarter each Shipper shall provide Carrier with an update of its then current Projection, noting all material changes to the information contained therein.
