Financial Projection definition
Examples of Financial Projection in a sentence
The County shall annually, on or before May 1 of each year, prepare or cause to be prepared, an updated Ten-Year Financial Projection for the Disposal System.
A Financial Projection shall be prepared for each Redetermination Date.
The financial covenants set out in Clause 21.1 (Financial covenants) shall be tested by the Technical Bank pursuant to the then current Financial Projection on each Calculation Date and at any other time on notice to the Borrower if the Agent reasonably considers a Default under Clause 21.1 (Financial covenants) has occurred.
The Technical Bank shall at the same time deliver to the Borrower a copy of the relevant Lenders’ Technical Report used for the purposes of the proposed Financial Projection.
We should explain that, even when the Financial Projection of Incomes and Expenses of the License has not been taken into account, the Licensee foresees that he will be able to get financing for around US$ 400 million for the period 2006-2010, with the purpose of canceling the Negotiable Obligations issued by the LICENSEE, and having a working capital.
The Technical Assumptions shall be determined by the Technical Bank acting reasonably on the basis of its good faith opinion and by reference to the Lenders’ Technical Report prepared specifically for the proposed Financial Projection and prices in the Economic Assumptions will reflect any Hedge Agreements entered into by the Borrower in respect of the Borrowing Base Assets.
In relation to the value added tax, the Financial Projection of Incomes and Expenses considers that when the tax position has a favorable balance, the recovery process of such balance shall take place in a period of 90 days.
As regards the Income Tax, the Financial Projection of Incomes and Expenses considers the accumulated tax loss carry forward items.
Subject to the provisions of this Clause 6, each Financial Projection prepared and delivered by the Technical Bank shall (save for manifest error) be final and binding on the Borrower and each Finance Party.
Scheduled periodic revisions and extensions to the Financial Projection shall be completed by such times as Employer shall reasonably determine.