Common use of Additional Projections Clause in Contracts

Additional Projections. As soon as available and in any event not later than the earlier of (x) 60 days after the end of each Fiscal Year (but not including the Fiscal Year ending December 31, 2007), and (y) 15 days after approval thereof by the Borrower's board of directors, (i) the annual business plan of the Group Members for the Fiscal Year next succeeding such Fiscal Year and (ii) forecasts prepared by management of the Borrower (A) for each fiscal month in such next succeeding Fiscal Year and (B) for each other succeeding Fiscal Year through the Fiscal Year containing the Scheduled Term Loan Maturity Date, in each case including in such forecasts (x) a projected year-end Consolidated balance sheet, income statement and statement of cash flows, (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. For the avoidance of doubt, none of the foregoing shall be required to be approved by the Borrower's board of directors prior to the delivery thereof.

Appears in 2 contracts

Sources: Credit Agreement (Goamerica Inc), Second Lien Credit Agreement (Goamerica Inc)

Additional Projections. As soon as available and in any event not later than the earlier of (x) 60 days after the end of each Fiscal Year (but not including the Fiscal Year ending December 31, 2007), and (y) 15 days after approval thereof by the Borrower's ’s board of directors, (i) the annual business plan of the Group Members for the Fiscal Year next succeeding such Fiscal Year and (ii) forecasts prepared by management of the Borrower (A) for each fiscal month in such next succeeding Fiscal Year and (B) for each other succeeding Fiscal Year through the Fiscal Year containing the Scheduled Term Loan Maturity Date, in each case including in such forecasts (x) a projected year-end Consolidated balance sheet, income statement and statement of cash flows, (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. For the avoidance of doubt, none of the foregoing shall be required to be approved by the Borrower's ’s board of directors prior to the delivery thereof.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Clearlake Capital Partners, LLC)