Common use of Annual Forecast Clause in Contracts

Annual Forecast. Furnish to Bank, in form and detail reasonably satisfactory to Bank, not later than 30 days after the close of each fiscal year of Borrower, a forecast of the income and expense and balance sheet changes of Borrower for the succeeding fiscal year presented on a month-by-month and year-to-date basis and accompanied by a narrative summary of material assumptions.

Annual Forecast. Furnish to Bank, in In form and detail reasonably satisfactory to Bank, not later than 30 120 days after the close of each fiscal year of Borrower, beginning with the fiscal year ending December 31, 2013, a forecast of the income and income, expense and balance sheet changes cash flow of Borrower for the succeeding fiscal year presented on a month-by-month and year-to-date basis and accompanied by containing a narrative summary description of material assumptionsthe operating assumptions that form the basis for major projected income and expense components.