Common use of Budgets, etc Clause in Contracts

Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of Holdings, budgets of Holdings and its Subsidiaries (x) in reasonable detail for each of the twelve months of such fiscal year and (y) in summary form for each of the five fiscal years immediately following such fiscal year, 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 8.01(a), (b) and (c), a comparison of the current year to date financial results against the budgets required to be submitted pursuant to this clause (d) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (SMT Health Services Inc)

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Budgets, etc. Not As soon as available but not more than 60 45 days after the commencement of ------------- each fiscal year of HoldingsHoldings beginning with its fiscal year commencing on October 1, budgets 1999, a budget of Holdings 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 five four fiscal years immediately following such fiscal year, 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 8.01(a), (b) and (c), 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 (d) also shall be presented.

Appears in 1 contract

Samples: Security Agreement (Marathon Power Technologies Co)

Budgets, etc. Not more than 60 30 days after the commencement of ------------- each fiscal year of Holdings, budgets of Holdings the Borrower and its Subsidiaries (x) in reasonable detail for each of the twelve months four fiscal quarters of such fiscal year and (ycommencing with the fiscal year beginning on or about February 1, 1998) in summary form for each of the five four fiscal years quarters of the immediately following such succeeding fiscal year, 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 8.01(a), (bSection 7.01(b) and (c), 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 (d) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Collins & Aikman Floor Coverings Inc)

Budgets, etc. Not more than 60 30 days after the commencement ------------- of ------------- each fiscal year of Holdings, budgets of Holdings and its Subsidiaries (x) in reasonable detail for each of the twelve months four fiscal quarters of such fiscal year and (y) in summary form for each of the five fiscal years immediately following such fiscal year, 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 8.01(a), (bSection 7.01(a) and (cb), 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 (dc) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Ocih LLC)

Budgets, etc. Not As soon as available but not more than 60 45 days after the commencement of ------------- each fiscal year of Holdingsthe Borrower beginning with its fiscal year commencing on January 1, budgets 2003, a budget of Holdings the 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 five four fiscal years immediately following such fiscal year, in each case as customarily prepared by management for its internal use in form reasonably satisfactory to the Administrative Agent, setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of financial statements pursuant to Sections 8.01(a), (b) and (cb), 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 (d) also shall be presented.

Appears in 1 contract

Samples: General Maritime Corp/

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Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of Holdingsthe Borrower (or 90 days, in the case of the fiscal year commencing January 1, 1997), budgets of Holdings the Borrower and its Subsidiaries (x) in reasonable detail for each of the twelve months four fiscal quarters of such fiscal year and (y) in summary form for each of the five four fiscal years quarters of the immediately following such succeeding fiscal year, 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 8.01(a), (bSection 7.01(b) and (c)) in respect of each fiscal period ending on or after March 31, 1997, 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 (d) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (Dade International Inc)

Budgets, etc. Not more than 60 days after the commencement of ------------- each fiscal year of Holdings, budgets a consolidated budget of Holdings and its Subsidiaries (xincluding budgeted statements of income, sources and uses of cash and balance sheets for Holdings and its Subsidiaries on a consolidated basis) in reasonable detail for each of the twelve months four fiscal quarters of such fiscal year and (y) prepared in summary form for each of the five fiscal years immediately following such fiscal year, in each case reasonable detail as customarily prepared by management for its internal use and setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based. Together with each delivery of consolidated financial statements pursuant to Sections 8.01(a), 7.01(a) and (b) and (c)beginning after the fiscal year ending March 31, 2006, a comparison of the current year to year-to-date financial results against the budgets required to be submitted pursuant to this clause (d) shall be presented.

Appears in 1 contract

Samples: Credit Agreement (RBS Global Inc)

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