Common use of Budgets Clause in Contracts

Budgets. No later than 30 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are based.

Appears in 5 contracts

Sources: Credit Agreement (Infousa Inc), Credit Agreement (Infousa Inc), Credit Agreement (Infousa Inc)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Administrative Borrower, a budget (statements of income) in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Administrative Borrower (i) for each of the twelve months fiscal month of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthAdministrative Borrower and its Restricted Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Administrative Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 5 contracts

Sources: Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)

Budgets. No later than 30 Within 60 days following after the first day beginning of each fiscal year of the Borrower, a budget for Borrower in form reasonably satisfactory to the Administrative Agent (including budgeted Agent, but to include balance sheets, statements of income, income and sources and uses of cash and balance sheets) prepared by the Borrower (i) cash, for each of the twelve months month of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years detail, prepared in summary form, in each case setting forthcase, with appropriate discussion, presentation and discussion of the principal assumptions upon which such budgets are based., accompanied by the statement of a Financial Officer of Borrower to the effect that the budget of Borrower is a reasonable estimate for the periods covered thereby;

Appears in 4 contracts

Sources: Credit Agreement (Mattress Firm Holding Corp.), Credit Agreement (Mattress Firm Holding Corp.), Credit Agreement (Mattress Firm Holding Corp.)

Budgets. No later than 30 60 days following the first day of each fiscal year of the Borrower (commencing with the Borrower’s fiscal year ending on or ending closest to September 30, 2014), a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four fiscal quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are budget is based.

Appears in 4 contracts

Sources: Amendment Agreement (Lee Enterprises, Inc), Amendment Agreement (Lee Enterprises, Inc), Second Lien Loan Agreement (Lee Enterprises, Inc)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Borrower, a budget (statements of operations), in form reasonably satisfactory to the Administrative Agent (including budgeted statements of incomeAgent, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal month of such fiscal year year, and for the following (2) two fiscal years, prepared in detail of Holdings and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 3 contracts

Sources: Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Borrower, a budget (statements of operations), in form reasonably satisfactory to the Administrative Agent (including budgeted statements of incomeAgent, sources and uses of cash and balance sheets) prepared by the Borrower (i) Holdings for each of the twelve months fiscal month of such fiscal year year, and for the following (2) two fiscal years, prepared in detail of Holdings and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 2 contracts

Sources: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Diamond S Shipping Inc.)

Budgets. No later than 30 days following after the first day of each fiscal year of the Borrower, a budget budgets in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income and sources and uses of cash and balance sheets) prepared by the Borrower for (ix) for each of the twelve months of such fiscal year prepared in reasonable detail and (iiy) for each of the immediately three succeeding following fiscal years year prepared in summary form, in each case setting forthaccompanied by the statement of the chief financial officer of the Borrower to the effect that, with appropriate discussionto the best of his knowledge, the principal assumptions upon which such budgets are basedrespective budget is a reasonable estimate for the period covered thereby.

Appears in 2 contracts

Sources: Credit Agreement (Alpine Group Inc /De/), Credit Agreement (Alpine Group Inc /De/)

Budgets. No later than 30 90 days following after the first day of each fiscal year of the Borrower, a an annual budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income by each of Borrower's business units and sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal month of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, presentation and discussion of the principal assumptions upon which such budgets are budget is based., accompanied by the statement of a Financial Officer of Borrower to the effect that to such officer's knowledge such budget is a reasonable estimate for the period covered thereby; and

Appears in 2 contracts

Sources: Credit Agreement (Cpi Holdco Inc), Credit Agreement (Communications & Power Industries Inc)

Budgets. No later than 30 75 days following the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by sheets for the Borrower (iand its Subsidiaries on a consolidated basis) for each of the twelve months four quarters of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forth, with appropriate discussion, the principal assumptions upon which such budgets are basedreasonable detail.

Appears in 2 contracts

Sources: Second Lien Credit Agreement (Walter Investment Management Corp), First Lien Credit Agreement (Walter Investment Management Corp)

Budgets. No later than 30 forty five (45) days following the first day of each fiscal year of the Borrower, a budget (statements of operations), in form reasonably satisfactory to the Administrative Agent (including budgeted statements of incomeAgent, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal month of such fiscal year year, and for the following two (2) fiscal years, prepared in detail of Holdings and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 1 contract

Sources: Revolving Credit Agreement (International Seaways, Inc.)

Budgets. No later than 30 45 days following after the first day of each fiscal year Fiscal Year of the Borrower, a reasonably detailed budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources income and uses of cash and balance sheetsprojected Capital Expenditures) prepared by the Borrower (i) for each fiscal month of such Fiscal Year, prepared in detail, of the twelve months of such fiscal year prepared in detail Borrower and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based.;

Appears in 1 contract

Sources: Credit Agreement (Five Below, Inc)

Budgets. No later than 30 60 days following after the first day of each fiscal year of the Borrower, a budget consolidated budget, in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal quarter of such fiscal year prepared in detail detail, of Borrower and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with appropriate discussion, presentation and discussion of the principal assumptions upon which such budgets are based., accompanied by the statement of a Financial Officer of Borrower to the effect that the budget of Borrower is a reasonable estimate for the period covered thereby;

Appears in 1 contract

Sources: Credit Agreement (Norcraft Companies Lp)

Budgets. No later than 30 45 days following the first day of each fiscal year of the Borrower, a budget (statements of income) in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal month of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthBorrower and its Restricted Subsidiaries, with appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 1 contract

Sources: Term Loan Credit Agreement (Overseas Shipholding Group Inc)

Budgets. No As soon as completed but in any event no later than 30 60 days following after the first day of each fiscal year of the Borrower, a budget in form reasonably satisfactory to the Administrative Agent (including budgeted statements of income, income by each of the Borrower's business units and sources and uses of cash and balance sheets) prepared by the Borrower (i) and marked confidential for each of the twelve months fiscal quarter of such fiscal year prepared in detail and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthBorrower and their respective subsidiaries, with appropriate discussion, presentation and discussion of the principal assumptions upon which such budgets are based.;

Appears in 1 contract

Sources: Credit Agreement (Sola International Inc)

Budgets. No later than 30 forty five (45) days following the first day of each fiscal year of the Borrower, a budget (statements of operations), in form reasonably satisfactory to the Administrative Agent (including budgeted statements of incomeAgent, sources and uses of cash and balance sheets) prepared by the Borrower (i) for each of the twelve months fiscal month of such fiscal year year, and for the following two (2) fiscal years, prepared in detail of Holdings and (ii) for each of the immediately three succeeding fiscal years prepared in summary form, in each case setting forthits Subsidiaries, with ​ ​ appropriate discussion, presentation and discussion in reasonable detail of the principal assumptions upon which such budgets are budget is based., accompanied by a certificate of a Financial Officer of the Borrower certifying that the budget is a reasonable estimate for the periods covered thereby;

Appears in 1 contract

Sources: Credit Agreement (International Seaways, Inc.)