Common use of Additional Projections Clause in Contracts

Additional Projections. (i) As soon as available and in any event not later than 30 calendar days following the commencement of each Fiscal Year (beginning March 31, 2014), the annual business plan and the Budget of the Group Members for such Fiscal Year approved by the Borrower’s Board of Directors (or the equivalent thereof) and updated if the Borrower’s Board of Directors approves a changed version and (ii) as soon as available and in any event not later than 30 calendar days following the commencement of each Fiscal Year, forecasts prepared by management of the Borrower (A) for each quarter in such next succeeding Fiscal Year, including in such forecasts (x) a projected year-end Consolidated and consolidating balance sheet, income statement and statement of cash flows for the Group Members, (y) a statement of all of the material assumptions on which such forecasts are based and (z) substantially the same type of financial information as that contained in the Initial Projections and (B) for each other succeeding Fiscal Year through the Fiscal Year containing the Term Maturity Date, substantially the same type of financial information as that contained in the Initial Projections.

Appears in 2 contracts

Samples: Credit Agreement (Cinedigm Corp.), Guaranty Agreement (Cinedigm Corp.)

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Additional Projections. (i) As soon as available and in any event not later than 30 calendar days following the commencement of each Fiscal Year (beginning March 31, 2014), the annual business plan and the Budget of the Group Members for such Fiscal Year approved by the Borrower’s Board of Directors (or the equivalent thereof) and updated if the Borrower’s Board of Directors approves a changed version and (ii) as soon as available and in any event not later than 30 calendar days following the commencement of each Fiscal Year, forecasts prepared by management of the Borrower (A) for each quarter in such next succeeding Fiscal Year, including in such forecasts (x) a projected year-end Consolidated and consolidating balance sheet, income statement and statement of cash flows for the Group Members, (y) a statement of all of the material assumptions on which such forecasts are based and (z) substantially the same type of financial information as that contained in the Initial Projections and (B) for each other succeeding Fiscal Year through the Fiscal Year containing the Term Revolving Maturity Date, substantially the same type of financial information as that contained in the Initial Projections.

Appears in 1 contract

Samples: Management Services Agreement (Cinedigm Corp.)

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Additional Projections. (i) As soon as available and in any event not later than 30 thirty (30) calendar days following the commencement of each Fiscal Year (beginning March 31April 1, 20142017), the annual business plan and the Budget of the Group Members for such Fiscal Year approved by the Borrower’s Board of Directors (or the equivalent thereof) and updated if the Borrower’s 's Board of Directors approves a changed version and (ii) as soon as available and in any event not later than 30 thirty (30) calendar days following the commencement of each Fiscal Year, forecasts prepared by management of the Borrower (A) for each quarter in such next succeeding Fiscal Year, including in such forecasts (x) a projected year-end Consolidated and consolidating balance sheet, income statement and statement of cash flows for the Group Members, (y) a statement of all of the material assumptions on which such forecasts are based and (z) substantially the same type of financial information as that contained in the Initial Projections and (B) for each other succeeding Fiscal Year through the Fiscal Year containing the Term Maturity Date, substantially the same type of financial information as that contained in the Initial Projections.

Appears in 1 contract

Samples: Second Lien Loan Agreement (Cinedigm Corp.)

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