EBITDA Projections Sample Clauses

EBITDA Projections. The actual results of the Borrower's operations shall not negatively vary from the Borrower's Cash Flow Projections for the line item labeled "EBITDA" by more than ten percent (10%) on both a monthly basis (commencing with the month of July, 2008), and on a cumulative basis from July 1, 2008 through the last day of the month just ended prior to the testing date. This covenant shall be tested monthly, on the fifth day of each month.
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EBITDA Projections. If the Company (a) fails to meet or exceed 80% of the monthly EBITDA Projection for three consecutive months or three out of four consecutive months and (b) the Company is an aggregate of $2,500,000 or more below the EBITDA Projections (i) at any time during fiscal 1997, for the period beginning January 1, 1997 and (ii) at any time during fiscal 1998, for any twelve month period during which the conditions in (a) above has occured or exits, then the Company and Favorite Brands may unilaterally (w) modify the duties of Employee hereunder, (x) take operational control of the Company, (y) modify the capital expenditures budget, operating budgets and business plans of the Company and unilaterally determine the amount of capital expenditures to be spent or (z) terminate this Agreement pursuant to Section 4.6 (the "PERFORMANCE FAILURE").
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EBITDA Projections. Agent shall have received, for purposes of Section 7.18, projections of Holdings' EBITDA on a rolling 12-month basis as at the end of each calendar month commencing December 2001 through December 2004;
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EBITDA Projections. (b) The Series A Preferred Holders shall promptly review the Proposed Budget and, if applicable, provide the Chief Executive Officer with any comments or requested changes to such Proposed Budget. The Chief Executive Officer shall thereafter promptly submit a revised Proposed Budget to the Series A Preferred Holders incorporating or otherwise addressing the requested changes. The Series A Preferred Holders holding at least a majority of the shares of Series A Preferred Stock shall approve or disapprove such revised Proposed Budget by no later than the first Business Day which is forty-five (45) days after its receipt of the initial Proposed Budget. Any Proposed Budget approved by the Series A Preferred Holders in accordance with this Section 2.5 shall become the annual plan for the next Fiscal Year of the Company and its Subsidiaries (any Proposed Budget approved in total by the Series A Preferred Holders for any Fiscal Year, an “Annual Budget”).
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Related to EBITDA Projections

  • Annual Projections No later than thirty (30) days prior to the beginning of each Fiscal Year, the Borrowers shall deliver to Administrative Agent projected balance sheets, statements of income and cash flow for the Borrowers, for each of the twelve (12) months during such Fiscal Year, which shall include the assumptions used therein, together with appropriate supporting details as reasonably requested by Administrative Agent.

  • Financial Projections Borrower shall have delivered to Lender Borrower’s business plan and/or financial projections or forecasts as most recently approved by Borrower’s Board of Directors.

  • Financial Statements; Projections Lenders shall have received from Company (i) the Historical Financial Statements and (ii) the Projections.

  • Projections As of the Closing Date, to the best knowledge of Borrower, the assumptions set forth in the Projections are reasonable and consistent with each other and with all facts known to Borrower, and the Projections are reasonably based on such assumptions. Nothing in this Section 4.17 shall be construed as a representation or covenant that the Projections in fact will be achieved.

  • Financial Statements and Projections Except for the Projections, all Financial Statements concerning Borrower and its Subsidiaries that are referred to below have been prepared in accordance with GAAP consistently applied throughout the periods covered (except as disclosed therein and except, with respect to unaudited Financial Statements, for the absence of footnotes and normal year-end audit adjustments) and present fairly in all material respects the financial position of the Persons covered thereby as at the dates thereof and the results of their operations and cash flows for the periods then ended.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • Variances From Operating Budget Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

  • Projected Operating Budget Furnish Agent, no later than sixty (60) days following the beginning of each Borrower’s fiscal years, commencing with fiscal year 2012, a month by month projected operating budget and cash flow of Borrowers on a consolidated basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Chief Financial Officer of each Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

  • Pro Forma Financial Statements Agent shall have received a copy of the Pro Forma Financial Statements which shall be satisfactory in all respects to Lenders;

  • Financial Statements; Financial Condition; Undisclosed Liabilities; Projections; etc (a) (i) The audited consolidated statements of financial condition of Holdings and its Subsidiaries at December 31, 1996, December 31, 1997 and December 31, 1998 and the related consolidated statements of income and cash flow and changes in shareholders' equity of Holdings and its Subsidiaries for the fiscal years ended on such dates, and furnished to the Lenders prior to the Initial Borrowing Date, (ii) the audited consolidated balance sheet of Holdings and its Subsidiaries as of the end of the fiscal quarter of Holdings ended September 30, 1999, and the related consolidated statements of earnings, shareholder's equity and cash flows of Holdings and its Subsidiaries for such quarterly period, and furnished to the Lenders prior to the Initial Borrowing Date, (iii) the consolidated balance sheet of Holdings and its Subsidiaries as of the end of the fiscal month of Holdings ended October 31, 1999 and the related consolidated statement of income of Holdings and its Subsidiaries for such monthly period and (iv) an unaudited PRO FORMA consolidated balance sheet of Holdings and its Subsidiaries as of the Initial Borrowing Date and, after giving effect to the Transaction and the incurrence of all Indebtedness (including the Loans, the Senior Subordinated Bridge Loans and the Mezzanine Subordinated Debt) contemplated herein (the "PRO FORMA Balance Sheet"), in each case present fairly in all material respects the financial condition of Holdings and its Subsidiaries at the date of such statements of financial condition and the results of the operations of Holdings and its Subsidiaries for the periods covered thereby (or, in the case of the PRO FORMA Balance Sheet, presents a good faith estimate of the consolidated PRO FORMA financial condition of Holdings (after giving effect to the Transaction at the date thereof)), subject, in the case of unaudited financial statements, to normal year-end adjustments. All such financial statements (other than the aforesaid PRO FORMA Balance Sheet) have been prepared in accordance with GAAP and practices consistently applied, except, in the case of the quarterly and monthly statements, for the omission of footnotes, and certain reclassifications and ordinary end of period adjustments and accruals (all of which are of a recurring nature and none of which individually, or in the aggregate, would be material).

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