Examples of Approved Projections in a sentence
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.
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.
This in turn allowed all present to meet the four Parish Council representatives that had been elected to join the group.There was a discussion during this item in relation to the name of the group and the implications that this may have in relation to whether the group is open to the public or closed.It was agreed in principle that the meetings should be kept open to the public due to the nature of the Neighbourhood Plan.
The international safety regulations mandate use of authentic and stable transgenics and encourage detection methodologies for assessment of the transgenic material, its labeling and rapid identification of spurious GM seed/produce.
Permit Adjusted EBITDA of the Borrower and its Subsidiaries as of the last day of each fiscal quarter (commencing with the fiscal quarter ending June 30, 2019) to be less than eighty percent (80%) of the Borrower’s and its Subsidiaries’ projected Adjusted EBITDA as set forth in the Approved Projections for such fiscal quarter.
In the comparison of evaluated bids, the purchaser will grant a margin of preference to goods in accordance with the following procedures, provided the bidder shall have established to the satisfaction of the purchaser that the goods are eligible for price purchase preference.
Concurrently with consummation of the Intersound Acquisition, the Company will have all assets and contractual rights as are necessary to enable it to operate and generate the net revenue contemplated by the Approved Projections on terms consistent with the Approved Projections.
Reporting Covenant Required Complies Monthly Financial Statements Monthly within 30 days Yes No Compliance Certificate Audited Financial Statements Annually within 90 days after FYE Yes No Board Approved Projections Annually within 45 days after FYE Yes No Financial Covenant Required Complies Liquidity Ratio 0.90:1.00 Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) LENDER USE ONLY COMPLETE GENOMICS, INC.
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.”) COLLATERAL AGENT USE ONLY COMPLETE GENOMICS, INC.
Through and including the period ending December 31, 2011, 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.