Annual Financial Projections definition
Examples of Annual Financial Projections in a sentence
For each monthly period in each fiscal year ending after December 31, 2014, the minimum net revenue, measured on a trailing six-month basis, shall be based on an amount that is equal to eighty-five percent (85%) of the board approved Annual Financial Projections applicable to such monthly periods in such fiscal year.
For each monthly period in each fiscal year ending thereafter, the minimum revenue, measured on a trailing six-month basis, shall be based on an amount that is equal to the greater of (i) eighty-five percent (85%) of the board approved Annual Financial Projections applicable to such monthly period in such fiscal year and (ii) $18,203,000.
For each monthly period in each fiscal year ending after December 31, 2015, the minimum net revenue, measured on a trailing six-month basis, shall be based on an amount that is equal to eighty-five percent (85%) of the board approved Annual Financial Projections applicable to such monthly periods in such fiscal year.
Monthly financial statements w/ CC Monthly within 30 days Yes No Annual financial statements (CPA Audited) w/▇▇ ▇▇▇ within 120 days (commencing 12/31/05) Yes No Annual Financial Projections FYE with 45 days Yes No 10-Q, 10-K and 8-K Within 10 days after filing with SEC Yes No Comments Regarding Exceptions: See Attached.
Six Month Period Ending Net Revenue For each monthly period in each fiscal year ending after December 31, 2016, the minimum net revenue, measured on a trailing six-month basis, shall be based on an amount that is equal to eighty-five percent (85%) of the board approved Annual Financial Projections applicable to such monthly periods in such fiscal year.
If the Company exceeds 100% of its Quarterly Projections for the quarter ended December 31, 1998, the excess amount over 100% shall be credited toward the Annual Financial Projections (described below) for the year ended December 31, 1999.
If the Company exceeds 100% of its Annual Financial Projections for the year ended December 31, 1999, the excess amount over 100% shall be credited toward the Annual Financial Projections for the year ended December 31, 2000.
It is anticipated that the Business Summary Update will include general information about Borrower and its business, such as Borrower’s performance against the Annual Financial Projections.
Verification of the achievement of the Annual Financial Projections shall be based upon, and subject to the completion of, the audited consolidated financial statements of Purchaser for the time period in question.
Unrestricted Cash on deposit in the United States $100,000,000 $ Yes No Monthly financial statements, (if required) Monthly within 30 days Yes No N/A 10K and 10Q reports Within 5 days of filing Yes No Compliance Certificate With monthly or SEC reports, as applicable Yes No Annual Financial Projections Within 30 days after FYE or when delivered to Board Yes No Cash Balance Report Monthly within 30 days Yes No Borrower only has deposit accounts located at the following institutions: .