Common use of Budgets and Forecasts Clause in Contracts

Budgets and Forecasts. Not later than 30 days following the approval of a consolidated budget for any fiscal year by the Board of Directors of the Borrower, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following after the approval commencement of a consolidated budget for any fiscal year by of Holdings, the Board of Directors of Borrower and its Subsidiaries, commencing with the Borrowerfiscal year ending December 31, 2021, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of Holdings, the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2022, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2017, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 60 days following after the approval commencement of a consolidated budget for any each fiscal year by the Board of Directors of the BorrowerParent and the Subsidiaries, a consolidated and consolidating budget in reasonable detail for such entire fiscal year and for each of the four fiscal quarters of in such fiscal year, and (if and to the extent prepared by management of the Borrowerthereof ) for any subsequent fiscal years, as customarily prepared by management for its their internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower Parent and its the Lessee and their Subsidiaries for the period or periods covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 120 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, a consolidated projections and budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared approved by management for its internal use, the Borrower’s Board of Directors setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following prior to the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerPAC REIT and its Subsidiaries, commencing with the fiscal year ending December 31, 2012, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures Capital Expenditures of the Borrower PAC REIT and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2009, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, a commencing with the fiscal year ending December 31, 2009, consolidated projections and budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared approved by management for its internal use, the Borrower’s Board of Directors setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days following the approval commencement of a consolidated budget for any each fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year beginning July 1, 2017, a consolidated operating budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management for each subsequent fiscal year of the Borrower) for any subsequent Borrower and its Subsidiaries through the fiscal yearsyear ending June 30, 2020, as customarily prepared by management for its internal useuse and reasonably satisfactory to the Administrative Agent, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days following the approval commencement of a consolidated budget for any each fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year beginning July 1, 2013, a consolidated operating budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management for each subsequent fiscal year of the Borrower) for any subsequent Borrower and its Subsidiaries through the fiscal yearsyear ending June 30, 2018, as customarily prepared by management for its internal useuse and reasonably satisfactory to the Administrative Agent, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 60 days following after the approval commencement of a consolidated budget for any each fiscal year by the Board of Directors of the BorrowerParent and the Subsidiaries, a consolidated and consolidating budget in reasonable detail for such entire fiscal year and for each of the four fiscal quarters of in such fiscal year, and (if and to the extent prepared by management of the Borrowerthereof ) for any subsequent fiscal years, as customarily prepared by management for its their internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower Borrowers and its the Subsidiaries for the period or periods covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2006, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days following the approval commencement of a consolidated budget for any each fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year beginning July 1, 2017, a consolidated operating budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management for each subsequent fiscal year of the Borrower) for any subsequent Borrower and its Subsidiaries through the fiscal yearsyear ending June 30, 2021, as customarily prepared by management for its internal useuse and reasonably satisfactory to the Administrative Agent, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following prior to the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrowers and their Subsidiaries, commencing with the fiscal year ending December 31, 2016, a consolidated combined budget in reasonable detail for each of the four fiscal quarters quarter of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrowers or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower Borrowers and its their Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 sixty (60) days following the approval of a consolidated budget for any after each fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2023, a consolidated budget in reasonable detail for each of the four fiscal quarters of such the then current fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following prior to the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending June 30, 2006, at the request of the Administrative Agent or any Lender, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following prior to the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerPAC REIT and its Subsidiaries, commencing with the fiscal year ending December 31, 2015, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures Capital Expenditures of the Borrower PAC REIT and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 60 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2016, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2011, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 45 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2021, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following prior to the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerPAC REIT and its Subsidiaries, commencing with the fiscal year ending December 31, 2012, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, 62 the forecasted balance sheet, income statement, operating cash flows and capital expenditures Capital Expenditures of the Borrower PAC REIT and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following after the approval end of a consolidated budget for any each fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2016, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which such forecasts and budget are based.

Budgets and Forecasts. Not As soon as available but in any event not later than 30 60 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrowers and their Subsidiaries, commencing with the fiscal year ending September 30, 2007, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrowers) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 sixty (60) days following the approval of a consolidated budget for any after each fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2019, a consolidated budget in reasonable detail for each of the four fiscal quarters of such the then current fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following prior to the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerCompany and its Subsidiaries (or, in the case of the 2006 fiscal year, not later than February 15, 2006), a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerCompany) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower Company and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following prior to the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerCompany and its Subsidiaries (or, in the case of the 2007 and 2008 fiscal years, not later than February 15, 2007 and February 15, 2008, respectively), a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerCompany) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower Company and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following after the approval end of a consolidated budget for any each fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2014, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which such forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending December 31, 2014, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 days following the approval end of a consolidated budget for any fiscal year by the Board of Directors any fiscal year of the BorrowerBorrower and its Subsidiaries, commencing with the fiscal year ending September 30, 2012, a consolidated budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the BorrowerBorrower or any other Credit Party) for any subsequent fiscal years, as customarily prepared by management for its internal use, setting forth, with appropriate discussion, forth the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.

Budgets and Forecasts. Not later than 30 90 days following after the approval commencement of a consolidated budget for any fiscal year by the Board of Directors of the BorrowerBorrower and its Subsidiaries, a commencing with the fiscal year ending December 31, 2010, consolidated projections and budget in reasonable detail for each of the four fiscal quarters of such fiscal year, and (if and to the extent prepared by management of the Borrower) for any subsequent fiscal years, as customarily prepared approved by management for its internal use, the Borrower’s Board of Directors setting forth, with appropriate discussion, the forecasted balance sheet, income statement, operating cash flows and capital expenditures of the Borrower and its Subsidiaries for the period covered thereby, and the principal assumptions upon which forecasts and budget are based.