Financial Performance Projections means (i) the projected consolidated balance sheets, statements of income, cash flows, and stockholder’s equity of the Parent and its Subsidiaries, (ii) the projected Borrowing Base and (iii) Excess Availability forecasts, in each case, prepared by management of the Parent and in form and substance reasonably satisfactory to the Agent.
Financial Performance Projections means (i) the projected consolidated balance sheets, statements of income, cash flows, and stockholder’s equity of the Parent and its Subsidiaries, (ii) the projected Borrowing Base and (iii) ABL Excess Availability forecasts, in each case, prepared by management of the Parent and in form and substance reasonably satisfactory to the Agent.
Financial Performance Projections means (a) the projected consolidated balance sheets, statements of operations and cash flows of Holdings and its Subsidiaries, and (b) projected forecasts of Availability, the Revolving Borrowing Base, the FILO A Borrowing Base and the FILO B Borrowing Base, in each case, (i) prepared by management of Holdings and in form and with results and assumptions reasonably satisfactory to the Administrative Agent and (ii) prepared for each fiscal month, including the fiscal month which includes the Closing Date through the fiscal month ending on or about June 30, 2024, and in each case, giving effect to the Transactions.
Examples of Financial Performance Projections in a sentence
The Arrangers shall have received (i) the Pro Forma Financial Statements, and (ii) the Financial Performance Projections.
The Administrative Agent and the FILO B Documentation Agent shall have received the Financial Performance Projections.
The Lenders shall have received (i) the financial statements of the Parent and its Subsidiaries referred to in Section 5.01 and (ii) Financial Performance Projections.
The Administrative Agent shall have received (i) unaudited financial statements (including an income statement and a balance sheet) for the Fiscal Quarter ended April 29, 2023 (the “Interim Financial Statements”), and (ii) the Financial Performance Projections (as such term is defined in the Credit Agreement).
The Administrative Agent shall be reasonably satisfied that the Interim Financial Statements and Financial Performance Projections delivered to it fairly present the business and financial condition of the Loan Parties in all material respects.
More Definitions of Financial Performance Projections
Financial Performance Projections means the projected Consolidated balance sheets and the related Consolidated statements of income or operations and cash flows of the Lead Borrower and its Subsidiaries, in each case prepared by management of the Borrowers and in form and substance reasonably satisfactory to the Administrative Agent.
Financial Performance Projections means (i) the projected Consolidated balance sheets, statements of income, cash flows, and stockholders’ equity of the Lead Borrower and its Subsidiaries, (ii) the projected Borrowing Base and (iii) Excess Availability forecasts, in each case, prepared by management of the Lead Borrower and in form reasonably satisfactory to the Administrative Agent (w) as of the Closing Date, (x) on a monthly basis for the twelve full Fiscal Months ended after the Closing Date, (y) in the case of the financial statements required pursuant to clause (i) above, on an annual basis through the second anniversary of the Closing Date and (z) giving effect to the Transactions.
Financial Performance Projections shall have the meaning provided in the ABL Credit Agreement.
Financial Performance Projections means the projected Consolidated statements of income or operations and cash flows of Parent and its Subsidiaries, the ABL Borrowing Base, the Term Loan Borrowing Base, the ABL Excess Availability, and a breakout of Express JV- and Bonobos-related profits and losses, in each case, through the second Fiscal Quarter of the 2024 Fiscal Year (on a monthly basis) and for the remainder of the 2024 Fiscal Year (on a quarterly basis), and in each case prepared by management of Parent and in form and substance reasonably satisfactory to each Agent.
Financial Performance Projections means (a) the projected Consolidated balance sheets, statements of income and cash flows of the Borrower and its Subsidiaries, (b) the projected Borrowing Base and (c) Availability forecasts, in each case, prepared by management of the Borrower and in form reasonably satisfactory to the Administrative Agent (x) on a monthly basis for the twelve full Fiscal Months ended after the Closing Date, (y) in the case of the financial statements required pursuant to clause (a) above, on an annual basis through the term of this Agreement and (z) giving effect to the Transactions.
Financial Performance Projections means (a) the projected Consolidated balance sheets, statements of income and cash flows of Holdings and its Restricted Subsidiaries, and (b) projected forecasts of Excess Availability, in each case, prepared by management of Holdings, in form, and with results and assumptions, reasonably satisfactory to the Arrangers (i) for each Fiscal Quarter for each of the four Fiscal Quarters following the Closing Date, and (ii) on an annual basis thereafter through the fifth anniversary of the Closing Date, and in each case, giving effect to the Transactions. “Financial Support Direction” means a financial support direction issued by the Pension Regulator under section 43 of the Pensions Xxx 0000 (U.K.). “Fiscal Month” means any fiscal month of any Fiscal Year, which month shall generally consist of either four (4) or five (5) weeks in accordance with the fiscal accounting calendar of Holdings and its Subsidiaries. “Fiscal Quarter” means any fiscal quarter of any Fiscal Year, which quarters shall generally consist of thirteen (13) weeks or fourteen (14) weeks in accordance with the fiscal accounting calendar of Holdings and its Subsidiaries. “Fiscal Year” means any period of twelve (12) consecutive months ending on the Saturday closest to January 31 of each calendar year. “Foreign Lender” means any Lender that is not a “United States person” within the meaning of Section 7701(a)(30) of the Code. “Foreign Loan Party” means any Loan Party that is not a U.S. Loan Party, including each English Loan Party, each Canadian Loan Party and Holdings. “Foreign Plan” means any material employee benefit plan, program or agreement maintained or contributed to by, or entered into with, Holdings or any Subsidiary of Holdings with respect to employees employed outside the United States or Canada, other than any Defined Benefit Scheme). “Foreign Subsidiary” means any direct or indirect Subsidiary that is not a Domestic Subsidiary. “Fronting Exposure” means, at any time there is a Defaulting Lender that is a Revolving Credit Lender, (a) with respect to an Issuer, such Defaulting Lender’s Revolving Commitment Percentage of the outstanding Letter of Credit Obligations to the extent that such Defaulting Lender’s Revolving Commitment Percentage of such outstanding Letter of Credit Obligations has not been reallocated pursuant to Section 2.16(a)(iv) or Cash Collateralized pursuant to Section 2.16(c), and (b) with respect to the Swing Loan Lender, such Defaulting Lender’s Revolving Commitmen...
Financial Performance Projections means the projected Consolidated statements of income or operations and cash flows of Parent and its Subsidiaries, the ABL Borrowing Base, the Term Loan Borrowing Base, the ABL Excess Availability, and a breakout of Express JV- and Bonobos- related profits and losses, in each case, through the second Fiscal Quarter of the 2024 Fiscal Year (on a monthly basis) and for the remainder of the 2024 Fiscal Year (on a quarterly basis), and in each case prepared by management of Parent and in form and substance reasonably satisfactory to each Agent.