Common use of Financial Forecasts Clause in Contracts

Financial Forecasts. BAMC shall have received financial forecasts with respect to Holdings and its Subsidiaries prepared by a Responsible Officer of each of Holdings and the Borrower, each in form satisfactory to BAMC, of balance sheets, income statements and cash flow statements on a monthly basis for the first year following the Closing Date and on an annual basis for each year thereafter during the term of this Agreement.