Common use of Annual Budget Plan Clause in Contracts

Annual Budget Plan. As soon as available after approval by the Borrower's Board of Directors, but in any event no more than 120 days after the end of each fiscal year, a copy of the detailed annual budget or plan for the next fiscal year, in form and detail reasonably acceptable to the Agent and the Required Lenders, together with a summary of the material assumptions made in the preparation of the budget or plan. all such financial statements to be complete and correct in all material respects (subject, in the case of interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and, in the case of the annual and quarterly financial statements provided in accordance with subsections (a) and (b) above, in accordance with GAAP applied consistently throughout the periods reflected therein (except as approved by such accountants or Responsible Officer, as the case may be, and disclosed therein) and further accompanied by a description of, and an estimation of the effect on the financial statements on account of, a change in the application of accounting principles as provided in Section 1.3.

Annual Budget Plan. As soon as available after approval by the Borrower's Board of Directorsavailable, but in any event no more than 120 within sixty (60) days after the end of each fiscal year, a copy of the detailed annual operating budget or plan of the Borrower for the next such fiscal yearyear on a quarter-by-quarter basis, in form and detail reasonably acceptable to the Administrative Agent and the Required Lenders, together with a summary of the material assumptions made in the preparation of the such annual budget or plan. ; all such financial statements to be complete and correct in all material respects (subject, in the case of interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and, in the case of the annual and quarterly financial statements provided in accordance with subsections (a) and (b) above, in accordance with GAAP applied consistently throughout the periods reflected therein (except as approved by such accountants or Responsible Officer, as the case may be, and disclosed therein) and further accompanied by a description of, and an estimation of the effect on the financial statements on account of, a change change, if any, in the application of accounting principles as provided in Section 1.3.

Annual Budget Plan. As soon as available after approval by the Borrower's Board of Directorsavailable, but in any event no more than 120 within sixty (60) days after the end of each fiscal year, a copy of the detailed annual operating budget or plan of the Company for the next such fiscal yearyear on a quarter-by-quarter basis, in form and detail reasonably acceptable to the Administrative Agent and the Required Lenders, together with a summary of the material assumptions made in the preparation of the such annual budget or plan. all such The foregoing financial statements to shall be complete and correct in all material respects (subject, in the case of interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and, in the case of the annual and quarterly financial statements provided in accordance with subsections (a) and (b) above, in accordance with GAAP (other than the Swiss Franc Statutories delivered pursuant to subsection (a)(v) above) applied consistently throughout the periods reflected therein (except as approved by such accountants or Responsible Officer, as the case may be, and disclosed therein) and further accompanied by a description of, and an estimation of the effect on the financial statements on account of, a change change, if any, in the application of accounting principles as provided in Section 1.3.