Examples of Closing Date Budget in a sentence
The Purchasers shall have completed a business due diligence investigation of the Company, Parent and the respective Subsidiaries of the Company and Parent (including, without limitation, satisfactory review of the Closing Date Budget) satisfactory to the Purchasers in their sole discretion.
Parent and its Subsidiaries shall not permit any reduction of the Gross Revenue, calculated as of the last day of the most recent fiscal quarter of Parent for which financial statements were required to have been furnished to Lender pursuant to Section 7.02(b), to exceed [***] of the amount of Gross Revenue projected to be achieved in the Closing Date Budget.
No later than two (2) Business Days prior to the date hereof, the Purchasers shall have received from the Company (i) a final budget (the "Closing Date Budget") in form and substance reasonably acceptable to Avenue Capital in its sole discretion that provides for identifiable cost cuts and cost savings, and (ii) a Six-Month Budget for the period commencing from the first day of the fourth Fiscal Quarter of the 2008 Fiscal Year.
Further, except as required in this Agreement, prior to the Closing Date, Budget will take no action to authorize the issuance of any options, warrants, stock rights, stock dividends, or any securities convertible into common stock of Budget.
The Agent shall have received a weekly budget ("Closing Date Budget") for the Global Entities for the period from the Closing Date through the sixth full week after the Closing Date.
The Closing Date Budget shall be satisfactory in form and substance to the Agent and shall set forth, among other things, projected Total Commitment Usage for each week.
On the Closing Date, the Closing Date Budget represents, and as of the date on which any other Budget is delivered to Agent, such additional Budget represents Borrower's good faith best estimate of its and its Subsidiaries future performance for the periods covered thereby.