Approved Projections definition

Approved Projections means those projections of the annual operational budget of the Parent Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements through the Term Loan B Maturity Date, delivered from time to time in accordance with the terms of this Agreement, all in form and substance, and with such supporting documentation and underlying assumptions, as reasonably acceptable to Lender and approved by Lender in writing.

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Approved Projections means the financial projections and forecast for the business of the Group in the agreed form prepared on a basis consistent with the Approved Accounting Principles;

Approved Projections means Projections described in clause (ii) of the definition thereof that have been provided to Access in accordance with Section 9.e. of this Agreement and that Access has approved in its discretion.

Examples of Approved Projections in a sentence

• Beginning with the fiscal quarter ending March 31, 2005, achieve for each fiscal quarter of Strategic gross revenue (as set forth on Strategic’s Financial Statements) in such fiscal quarter at least equal to (i) 60% of the Approved Projections of revenue provided to Access for such fiscal quarter for Strategic’s hardware business and (ii) 85% of the Approved Projections of revenue provided to Access for such fiscal quarter for Strategic’s business other than its hardware business.

• As of the last day of each calendar month, the variance, if negative, then expressed as a positive number, between Borrower’s EBITDA and the EBITDA set forth in the Approved Projections for the twelve (12) calendar month period ending on such date, shall not exceed $350,000.

• Beginning with the fiscal quarter ending March 31, 2005, achieve a gross profit margin (as set forth on Strategic’s Financial Statements) at least equal to 85% of the Approved Projections of gross profit margin provided to Access for such fiscal quarter.

• If Employer achieves 100 percent of the Approved Projections, Employer shall pay to Employee, as additional compensation, an additional $50,000.

• The fringe rates for fiscal year 2023 (FY23) and later are as follows: Approved Projections for Planning Purposes FY23 FY24 FY25 FY26 FY27 Full-time (including GRAs) 30% 30.5% 31% 31.5% 32% Part-time Ineligible 4.3% 4.3% 4.3% 4.3% 4.3% Additional fringe benefit rate information can be found at UT Austin Payroll.

• Approved Projections for Planning Purposes FY24 FY25 FY26 FY27 FY28 Full- and part-time 26.1% 27.0% 27.5% 28.0% 28.5% Graduate students 16.4% 15.4% 15.9% 16.4% 16.9% Ineligible 7.2% 6.4% 6.4% 6.4% 6.4% Additional fringe benefit rate information can be found at ▇▇▇▇▇://▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇/resources/ grant-management-services/budgeting Note: per the attached current rate agreement, the FY fringe rate is approved at 27%.

• Monthly Financial Statements Compliance Certificate Monthly within 30 days Yes No Audited Financial Statements Annually within 240 days after FYE Yes No Board Approved Projections Annually within 10 days after FYE Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) COMPLETE GENOMICS, INC.

• Universal Credit is a new benefit to be introduced for working age people, combining the main out of work benefits; housing benefit, income support, job seekers allowance, income related employment and support allowance, child benefit, child tax credit and carer’s allowance.

• As additional compensation to Employee during the Term of this Agreement, Employer's Board of Directors shall establish and approve on an annual basis EPS (Earnings per share) Projections for Employer (the "Approved Projections"), which shall become an attachment to the agreement.

• For each month ending during the period beginning December 2004 through and including May 2005, the variance, if negative (but expressed as a positive number), between Borrower's EBITDA for the Applicable Period and (i) for the period ending December 2004, $1,669,000, and (ii) for each period thereafter, the EBITDA set forth in the Approved Projections for such period shall not exceed the Allowed Variance.

More Definitions of Approved Projections

Approved Projections means for any period of time, the projections for such period that have been approved by Borrower's Board of Directors and delivered to Bank. Borrower shall deliver to Bank (i) a preliminary draft of the projections for the next fiscal year of Borrower by January 31 of each year and (ii) the updated projections approved by Borrower's Board of Directors for the next fiscal year not later than February 28 of each year.

Approved Projections means, for any period in respect of any acquisition, Business Disposition, incurrence of Indebtedness under subsection 7.1(c) or dividend under subsection 7.5(d), projections for the Parent Group, after giving effect to such acquisition, Business Disposition or incurrence, for such period, in form and substance reasonably satisfactory to the Agent.

Approved Projections shall have the meaning assigned to such term in Section 5.04(e).

Approved Projections means the financial projections for the Company attached hereto as Exhibit D.

Approved Projections mean the financial projection delivered to Lender on or about August 28, 2017 by Borrower.

Approved Projections means the financial projections and cashflow forecast for the business of the Group for a Financial Year prepared by the directors of the Borrower on a basis consistent with the Generally Accepted Accounting Principles and approved by the Lender.