Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the US Borrower, budgets of the US Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) such fiscal year prepared in detail and (y) each of the five years immediately following such fiscal year prepared in summary form, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a) and (b), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to clause (x) of this Section 7.01(c) shall be presented.
Appears in 1 contract
Budgets, etc. Not As soon as available but not more than 60 45 days after the commencement of ------------- each fiscal year of the US BorrowerHoldings beginning with its fiscal year commencing on October 1, budgets 1999, a budget of the US Borrower Holdings and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) in reasonable detail for each of the twelve months and four fiscal quarters of such fiscal year prepared in detail and (y) in summary form for each of the five four fiscal years immediately following such fiscal year prepared in summary formyear, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a8.01(a), (b) and (bc), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (xd) of this Section 7.01(c) also shall be presented.
Appears in 1 contract
Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the US Borrower, consolidated budgets of the US Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) in reasonable detail for each of the four fiscal quarters of such fiscal year prepared in detail and (y) in summary form for each of the five fiscal years immediately following such fiscal year prepared in summary formyear, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a8.01(b) and (bc), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (x) of this Section 7.01(cd) shall be presented.
Appears in 1 contract
Sources: Credit Agreement (Pacer Express Inc)
Budgets, etc. Not more than 60 days after the commencement ------------- of ------------- each fiscal year of the US Borrower, consolidated budgets of the US Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) in reasonable detail for each of the four fiscal quarters of such fiscal year prepared in detail and (y) in summary form for each of the five two fiscal years immediately following such fiscal year prepared in summary formyear, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a8.01(a) and (b), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (x) of this Section 7.01(cc) shall be presented.
Appears in 1 contract
Sources: Credit Agreement (NRT Inc)
Budgets, etc. Not As soon as available but not more than 60 45 days after the commencement of ------------- each fiscal year of the US BorrowerBorrower beginning with its fiscal year commencing on January 1, budgets 2003, a budget of the US Borrower and its Subsidiaries (x) in reasonable detail for each of the twelve months and four fiscal quarters of such fiscal year and (y) in summary form for each of the four fiscal years immediately following such fiscal year, in each case in form reasonably satisfactory to the Administrative Agent (includingAgent, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) such fiscal year prepared in detail and (y) each of the five years immediately following such fiscal year prepared in summary form, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a8.01(a) and (b), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (xd) of this Section 7.01(c) also shall be presented.
Appears in 1 contract
Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the US Borrower, budgets of the US Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) such fiscal year prepared in detail and (y) each of the five years immediately following such fiscal year prepared in summary form, of the Borrower and its Subsidiaries, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal prin cipal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a) and (b), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to clause (x) of this Section 7.01(c) shall be presented.
Appears in 1 contract
Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the US BorrowerHoldings, budgets of the US Borrower Holdings and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) in reasonable detail for each of the twelve months of such fiscal year prepared in detail and (y) in summary form for each of the five fiscal years immediately following such fiscal year prepared in summary formyear, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a8.01(a), (b) and (bc), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (x) of this Section 7.01(cd) shall be presented.
Appears in 1 contract
Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of the US Borrower, consolidated budgets of the US Borrower and its Subsidiaries in form reasonably satisfactory to the Administrative Agent (including, in any event, budgeted statements of income and sources and uses of cash and balance sheets) for (x) in reasonable detail for each of the four fiscal quarters of such fiscal year prepared in detail and (y) in summary form for each of the five fiscal years immediately following such fiscal year prepared in summary formyear, in each case as customarily prepared by management for its internal use setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 7.01(a8.01(b) and (bc), a comparison of the current year to date financial results (other than in respect of the balance sheets included therein) against the budgets required to be submitted pursuant to this clause (x) of this Section 7.01(cd) shall be presented.
Appears in 1 contract