Common use of Annual Operating Budget and Financial Projections Clause in Contracts

Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Parent (and within five (5) days of any material modification thereto), an annual operating budget in the same form as presented to the Parent’s Board for the upcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Molecular Templates, Inc.)

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Annual Operating Budget and Financial Projections. Within sixty (60) days after the end of each fiscal year of Parent (and within five (5) days of any material modification thereto), an annual operating budget in the same form as presented to the Parent’s Board for the upcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof, provided that such operating budget and forecasts shall be in substantially the same format as the budget and forecasts delivered as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Corbus Pharmaceuticals Holdings, Inc.)

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Parent (and within five seven (57) days of any material modification thereto), an annual operating budget budget, on a consolidated basis in the same form as presented format provided to the Parent’s Board of Parent (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (89bio, Inc.)

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end last day of each fiscal year of Parent (Borrower, and within five (5) days of contemporaneously with any material modification thereto), an annual operating budget in the same form as presented to updates or amendments thereto approved by the Parent’s Board Board, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Parent, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis) of Parent, in each case as approved by Parent’s Board, together with any related business forecasts used in the preparation thereof.of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (MedAvail Holdings, Inc.)

Annual Operating Budget and Financial Projections. Within sixty (60) 60 days after the end of each fiscal year of Parent (and promptly and within five (5) days of any material modification thereto), an annual operating budget in the same form as presented to the Parent’s Board budget, on a consolidated and consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Parentfollowing calendar year, together with any related business forecasts used in the preparation thereof, provided that, the foregoing projections shall be in form satisfactory to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Porch Group, Inc.)

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Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Parent (and within five (5) days of any material modification thereto), an annual operating budget in and financial projections, on a consolidated (and consolidating upon the same form as presented to the Parent’s Board reasonable request of Administrative Agent) basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Parent, together with any related business forecasts used in the preparation thereof.

Appears in 1 contract

Samples: Guaranty, and Security Agreement (ASLAN Pharmaceuticals LTD)

Annual Operating Budget and Financial Projections. Within sixty thirty (6030) days after the end of each fiscal year of Parent Parent, and contemporaneously with any updates or amendments thereto, (and within five (5i) days of any material modification thereto), an annual operating budget in the same form as presented to the Parent’s Board budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming then-current fiscal year of Parent, and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis), in each case as approved by the Board, together with any related business forecasts used in the preparation thereof.of such annual financial projections;

Appears in 1 contract

Samples: Loan and Security Agreement (Savara Inc)

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