Common use of Variances From Operating Budget Clause in Contracts

Variances From Operating Budget. Furnish Lender, 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 the Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

AutoNDA by SimpleDocs

Variances From Operating Budget. Furnish Term B Lender, 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 the Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Air Industries Group, Inc.)

Variances From Operating Budget. Furnish Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and 9.8 and each quarterly monthly report referred to in Section 9.9 hereof for the months of June and monthly reportDecember, a written report summarizing all material variances from budgets submitted by the Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Samples: Credit and Security Agreement (Prima Group International Inc)

AutoNDA by SimpleDocs

Variances From Operating Budget. Furnish Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and within thirty (30) days after the end of each quarterly and monthly reportmonth, a written report summarizing all material variances from budgets submitted by the Borrower Borrowers pursuant to Section 9.12 9.11 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Samples: Security Agreement (Parlux Fragrances Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!