Common use of Variances From Operating Budget Clause in Contracts

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each quarterly and monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.8 hereof, a written report summarizing all material variances from budgets submitted by Borrowers the Loan Parties pursuant to Section 9.12 hereof and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.7, 9.8 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.8, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.8 hereof, a written report summarizing all material variances from budgets submitted by Borrowers the Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such varianceshereof.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.7, 9.8 and each monthly report9.9, a written report summarizing all material variances (including, without limitation, comprehensive income statements and balance sheet items) from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgent and each of the ---------------------------------- Lenders, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Upon request of Agent, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish At Agent’s request, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers Holdings pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Administrative Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report9.7, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Deliver to Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.9 hereof, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 hereof and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.7, 9.8 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 9.12, and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgents, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report, 9.8 a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variancesvariances in each case in the form provided to the Board of Directors of any Borrower in the Ordinary Course of Business.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report9.8, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers Obligors pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Upon Agent’s request, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 Sections 9.7, 9.8 and each monthly report9.9, a written report summarizing all material variances from the budgets submitted by Borrowers the Parent Holdcos pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements Financial Reports referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 9.13 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with ------------------------------- the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.6 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 hereof and each monthly reportquarterly report referred to in Section 9.8 hereof, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 hereof and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly reportquarterly report referred to in Section 9.9, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and with the monthly reports for November, February, May and August of each monthly reportyear, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.7, Section 9.8 and each monthly reportSection 9.9, or more frequently if requested by Agent, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly reportquarterly report delivered pursuant to Section 9.8, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report9.7, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Upon request of Agent, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all 61 material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a Agent quarterly written report reports summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.7, Section 9.8 and each monthly reportSection 9.9, or more frequently if requested by Agent, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.Section

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 hereof and each monthly report, a written report summarizing all variances which are material variances to Borrower as a whole from budgets submitted by Borrowers Borrower pursuant to Section 9.12 hereof, and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.8 and 9.9, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and 9.9 for each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrowing Agent pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances, all in the form currently provided to the Board of Directors of Borrower.

Variances From Operating Budget. Furnish AgentAgent and each Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly reportSection 9.8, or more frequently if requested by Agent, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 Sections 9.7, 9.8 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variancesproviding an overview of operating results of each operating entity.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.7, 9.8 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 Sections 8.1(1) and 9.12, and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, at Agent’s request, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from from, budgets submitted by Borrowers Borrower pursuant to Section 9.12 9.11 and in the case of each report delivered for the end of each fiscal quarter of Borrower a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgent and each of the Lenders, concurrently with the delivery of the financial statements referred to in Section 9.7 Sections 9.7, 9.8 and each monthly report9.9, respectively, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Administrative Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances9.12.

Variances From Operating Budget. Furnish Upon request of Agent, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with withUpon any reasonable request of Agent, furnish Agent, promptly following the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report, 9.8 a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variancesvariances in each case in the form provided to the Board of Directors of any Borrower in the Ordinary Course of Business.

Variances From Operating Budget. Furnish AgentAgent and each of the Lenders, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Administrative Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 Sections 9.7, 9.8 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers the Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances, in the form mutually agreed to prior to the Closing Date.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.8, a written report summarizing all material variances from budgets submitted by Borrowers Pac-Van pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Upon Agent’s request, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with ------------------------------- the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances, consistent with what is ordinarily furnished to the Borrowers' Boards of Directors and management, unless otherwise requested by Agent.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 Sections 9.7, 9.8 and 9.9 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgent and each Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly reportSection 9.9, or more frequently if requested by Agent, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly reportreport for the last month of each quarter, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently upon its request in connection with the delivery of the financial statements referred to in Section 9.7 9.7, 9.8 and each monthly report, 9.9 a written report summarizing all material variances from budgets submitted by Borrowers the Credit Parties pursuant to Section Sections 8.1(n) and 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently ------------------------------- with the delivery of the financial statements referred to in Section Sections 9.7 and 9.8 and upon Agent's request, concurrently with the delivery of each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report in a form satisfactory to the Agent or otherwise submitted to the Board of Directors summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 Sections 9.8, 9.9 and each monthly report9.10, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 9.13 for the immediately preceding fiscal year and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report9.9, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances9.12.

Variances From Operating Budget. Furnish Agent, concurrently with ------------------------------- the delivery of the financial statements referred to in Section Sections 9.7 and 9.8 and upon Agent's request, concurrently with the delivery of each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgent for distribution to the Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish At Agent’s request, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgent and each Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly reportSection 9.8, or more frequently if reasonably requested by Agent, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish At Agent's request, furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.8 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agentthe Agents, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers the Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly quarterly report, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and and, if requested by the Bank, a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report9.8 hereof, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 hereof and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.8 (and if applicable, Section 9.9), a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances, it being understood that any such report and discussion that is filed by the Company with the SEC shall be deemed to be delivered to on the date on which such report and discussion is posted on the SEC’s website at xxx.xxx.xxx.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section Sections 9.7 and each monthly report9.8, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.. 147420493

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the quarterly and annual financial statements referred to in Section 9.7 9.6 and each monthly report9.7, a written report summarizing all material variances from budgets submitted by Borrowers Loan Parties pursuant to Section 9.12 Sections 6.10(b) and 9.11, and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 9.7, and each monthly report9.8 and 9.9, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgent and each Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 whether under this Agreement or the Existing Loan Agreement and a discussion and analysis by management with respect to such variances.

Variances From Operating Budget. Furnish AgentAgent and each of the Lenders, concurrently with the delivery of the financial statements referred to in Section 9.7 Sections 9.7, 9.8 and each monthly report9.9, respectively, a written report summarizing all material variances from budgets submitted by Borrowers Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances."