Common use of Additional Projections Clause in Contracts

Additional Projections. As soon as available and in any event not later than forty-five (45) days after the commencement of each Fiscal Year (or sixty (60) days in the case of the first Fiscal Year after the Closing Date), (i) the annual business plan of the Group Members for such Fiscal Year and (ii) forecasts prepared by management of the Borrower for each Fiscal Quarter in such Fiscal Year, in each case including in such forecasts (x) a projected year-end Consolidated balance sheet, income statement and statement of cash flows and (y) a statement of all of the material assumptions on which such forecasts are based.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Westwood One Inc /De/)

Additional Projections. As soon as available and in any event not later than forty-five (45) 30 days after the commencement beginning of each Fiscal Year (or sixty (60) days in the case of the first Fiscal Year after the Closing Date)Year, (i) the annual business plan of the Group Members for such Fiscal Year and (ii) forecasts prepared by management of the Borrower for each Fiscal Quarter in such Fiscal Year, in each case including in such forecasts (xA) a projected year-end Consolidated balance sheet, income statement and statement of cash flows and (yB) a statement of all of the material assumptions on which such forecasts are basedbased for each Fiscal Quarter in such Fiscal Year.

Appears in 1 contract

Sources: Credit Agreement (Medquist Inc)