Example ContractsClausesannual operating budget and financial projectionsVariants
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Financial Projections. The Administrative Agent shall have received pro forma Consolidated financial statements for the Borrower and its Subsidiaries, and projections prepared by management of the Borrower, of balance sheets, income statements and cash flow statements on a quarterly basis for the term of the Credit Facility, which shall not be materially inconsistent with any financial information or projections previously delivered to the Administrative Agent.

Financial Projections. TheStatements; Projections; Etc. Administrative Agent shall have received pro forma Consolidated# audited annual financial statements of Borrower and its Subsidiaries for each of the 2016, 2017 and 2018 fiscal years of Borrower; # unaudited quarterly financial statements for the Borrower and its Subsidiaries, and projections prepared by managementSubsidiaries for each of the Borrower,fiscal quarters of Borrower ending in , 2017 and 2018; # copies of financial projections of Borrower and its Subsidiaries for the next five (5) fiscal years; and # an unaudited balance sheets, income statementssheet of Borrower and cash flow statementsits Subsidiaries for Borrower and its Subsidiaries for the fiscal quarter of Borrower ended on , adjusted, on a quarterly basis forPro Forma Basis, to give effect to the termconsummation of the Credit Facility, which shall not be materially inconsistent with any financial information or projections previously delivered to the Administrative Agent.Transactions.

Financial Projections. The

at such time as available, but in no event later than sixty (60) days after the end of each fiscal year, projected consolidated financial statements and consolidating financial statements (including in each case, forecasted balance sheets and statements of income and loss, and statements of cash flow) of Parent and its Subsidiaries for the next fiscal year, all in reasonable detail, and in a format consistent with the projections delivered by Borrowers to Administrative Agent shall have received pro forma Consolidatedprior to the Effective Date (or otherwise in form reasonably acceptable to Administrative Agent), together with such supporting information as Administrative Agent may reasonably request. Such projected financial statements for the Borrower and its Subsidiaries, and projectionsshall be prepared by management of the Borrower, of balance sheets, income statements and cash flow statements on a quarterlymonthly basis for the termnext succeeding year. Such projections shall represent the reasonable best estimate by Borrowers and Guarantors of the Credit Facility,future financial performance of Parent and its Subsidiaries for the periods set forth therein and shall have been prepared on the basis of the assumptions set forth therein which Borrowers and Guarantors believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions (it being understood that actual results may differ from those set forth in such projected financial statements). Borrowers (or Lead Borrower on behalf of Borrowers) shall not be materially inconsistentprovide to Administrative Agent, as Administrative Agent may require, updates with respect to such projections at any financial informationtime a Default or projections previously delivered to the Administrative Agent.Event of Default exists or has occurred and is continuing.

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