{"component": "clause", "props": {"groups": [{"snippet": "All projections concerning the Loan Parties that have been or are hereafter made available to Lender by any Loan Party or any Loan Party\u2019s officers, management, shareholders, directors, employees, personnel, attorneys, accountants, advisors, auditors, consultants and other agents and representatives (each individually a \u201cLoan Party Representative\u201d and collectively the \u201cLoan Party Representatives\u201d) in connection with the transactions contemplated hereby and by the other Loan Documents have been (or will be, in the case of projections made available after the date hereof) prepared in good faith based upon reasonable assumptions (it being recognized by Lender that the projections and forecasts provided are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results).", "snippet_links": [{"key": "the-loan-parties", "type": "definition", "offset": [27, 43]}, {"key": "to-lender", "type": "definition", "offset": [91, 100]}, {"key": "any-loan", "type": "clause", "offset": [104, 112]}, {"key": "agents-and-representatives", "type": "clause", "offset": [274, 300]}, {"key": "loan-party-representatives", "type": "definition", "offset": [372, 398]}, {"key": "in-connection-with", "type": "clause", "offset": [401, 419]}, {"key": "contemplated-hereby", "type": "clause", "offset": [437, 456]}, {"key": "other-loan-documents", "type": "definition", "offset": [468, 488]}, {"key": "in-the-case", "type": "clause", "offset": [512, 523]}, {"key": "date-hereof", "type": "clause", "offset": [564, 575]}, {"key": "in-good-faith", "type": "definition", "offset": [586, 599]}, {"key": "upon-reasonable", "type": "clause", "offset": [606, 621]}, {"key": "by-lender", "type": "definition", "offset": [655, 664]}, {"key": "projections-and-forecasts", "type": "clause", "offset": [674, 699]}, {"key": "actual-results", "type": "definition", "offset": [742, 756]}, {"key": "during-the-period", "type": "clause", "offset": [757, 774]}, {"key": "covered-by", "type": "definition", "offset": [786, 796]}], "size": 16, "samples": [{"hash": "N8R6gUsX7E", "uri": "/contracts/N8R6gUsX7E#financial-projections", "label": "Credit Agreement (Sphere 3D Corp)", "score": 28.4633808136, "published": true}, {"hash": "6eKDED3txv4", "uri": "/contracts/6eKDED3txv4#financial-projections", "label": "Credit Agreement (Sphere 3D Corp)", "score": 28.4633808136, "published": true}, {"hash": "iFayXVEmUUF", "uri": "/contracts/iFayXVEmUUF#financial-projections", "label": "Credit Agreement (Sphere 3D Corp)", "score": 28.2251873016, "published": true}], "hash": "6ae422880e0aeefc1679d9fb43f20cde", "id": 7}, {"snippet": "Borrower shall have delivered to Lender Borrower\u2019s business plan and/or financial projections or forecasts as most recently approved by Borrower\u2019s Board of Directors.", "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "to-lender", "type": "definition", "offset": [30, 39]}, {"key": "business-plan", "type": "definition", "offset": [51, 64]}, {"key": "by-borrower", "type": "clause", "offset": [133, 144]}, {"key": "board-of-directors", "type": "definition", "offset": [147, 165]}], "size": 55, "samples": [{"hash": "Z4hTlqWJb5", "uri": "/contracts/Z4hTlqWJb5#financial-projections", "label": "Loan and Security Agreement (Viveon Health Acquisition Corp.)", "score": 33.5284042358, "published": true}, {"hash": "6yo65L4JVn0", "uri": "/contracts/6yo65L4JVn0#financial-projections", "label": "Loan and Security Agreement (Delcath Systems, Inc.)", "score": 32.6084861755, "published": true}, {"hash": "ebl3CUtKlaI", "uri": "/contracts/ebl3CUtKlaI#financial-projections", "label": "Loan and Security Agreement (Cytocom, Inc.)", "score": 32.5838470459, "published": true}], "hash": "f01aae84ae7bc36d4bc79096c964cac8", "id": 1}, {"snippet": "The Loan Parties have delivered to the Administrative Agent summary projected financial statements (including, without limitation, statements of operations and cash flow together with a detailed explanation of the assumptions used in preparing such projected financial statements) of MDI and its Subsidiaries for the period from the Closing Date through December 31, 2021 derived from various assumptions of the Loan Parties\u2019 management (the \u201cProjections\u201d). The Projections represent a reasonable range of possible results in light of the history of the business, present and foreseeable conditions and the intentions of the Loan Parties\u2019 management, it being understood that such Projections are (a) as to future events and not to be viewed as facts, (b) are subject to significant uncertainties and contingencies, many of which are beyond the Loan Parties\u2019 control, and (c) no assurance can be given that the Projections will be realized.", "snippet_links": [{"key": "the-loan-parties", "type": "definition", "offset": [0, 16]}, {"key": "the-administrative-agent", "type": "clause", "offset": [35, 59]}, {"key": "projected-financial-statements", "type": "definition", "offset": [68, 98]}, {"key": "without-limitation", "type": "clause", "offset": [111, 129]}, {"key": "statements-of-operations", "type": "clause", "offset": [131, 155]}, {"key": "cash-flow", "type": "definition", "offset": [160, 169]}, {"key": "period-from", "type": "definition", "offset": [317, 328]}, {"key": "the-closing-date", "type": "clause", "offset": [329, 345]}, {"key": "through-december", "type": "clause", "offset": [346, 362]}, {"key": "the-projections", "type": "clause", "offset": [458, 473]}, {"key": "the-business", "type": "clause", "offset": [550, 562]}, {"key": "future-events", "type": "clause", "offset": [707, 720]}, {"key": "subject-to", "type": "definition", "offset": [760, 770]}, {"key": "no-assurance", "type": "clause", "offset": [876, 888]}, {"key": "given-that", "type": "definition", "offset": [896, 906]}], "size": 18, "samples": [{"hash": "aaCeWHf0bON", "uri": "/contracts/aaCeWHf0bON#financial-projections", "label": "Credit Agreement (Mastech Digital, Inc.)", "score": 35.2012329102, "published": true}, {"hash": "1xtvJv5xmIV", "uri": "/contracts/1xtvJv5xmIV#financial-projections", "label": "Credit Agreement (Mastech Digital, Inc.)", "score": 35.2012329102, "published": true}, {"hash": "IeNJWldHeC", "uri": "/contracts/IeNJWldHeC#financial-projections", "label": "Credit Agreement (Mastech Digital, Inc.)", "score": 31.7652301788, "published": true}], "hash": "3dfc8d608af480e91376861e3e507259", "id": 6}, {"snippet": "Pursuant to San Francisco Administrative Code Section 67.32, Grantee agrees upon request to provide City with financial projections (including profit and loss figures) for the activities and/or projects contemplated by this Grant (\u201cProject\u201d) and annual audited financial statements thereafter. Grantee agrees that all such projections and financial statements shall be public records that must be disclosed.", "snippet_links": [{"key": "pursuant-to-san-francisco", "type": "clause", "offset": [0, 25]}, {"key": "code-section", "type": "definition", "offset": [41, 53]}, {"key": "grantee-agrees", "type": "clause", "offset": [61, 75]}, {"key": "upon-request", "type": "definition", "offset": [76, 88]}, {"key": "to-provide", "type": "definition", "offset": [89, 99]}, {"key": "profit-and-loss", "type": "definition", "offset": [143, 158]}, {"key": "the-activities", "type": "clause", "offset": [172, 186]}, {"key": "this-grant", "type": "clause", "offset": [219, 229]}, {"key": "annual-audited-financial-statements", "type": "definition", "offset": [246, 281]}, {"key": "projections-and-financial-statements", "type": "clause", "offset": [323, 359]}, {"key": "public-records", "type": "definition", "offset": [369, 383]}], "size": 13, "samples": [{"hash": "dVCabLAgaYS", "uri": 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Administrative Agent.", "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "pro-forma-consolidated-financial-statements", "type": "clause", "offset": [45, 88]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [93, 125]}, {"key": "prepared-by", "type": "clause", "offset": [143, 154]}, {"key": "management-of-the-company", "type": "clause", "offset": [155, 180]}, {"key": "balance-sheets", "type": "definition", "offset": [185, 199]}, {"key": "income-statements", "type": "clause", "offset": [201, 218]}, {"key": "cash-flow-statements", "type": "clause", "offset": [223, 243]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [244, 264]}, {"key": "first-year", "type": "clause", "offset": [273, 283]}, {"key": "following-the-closing-date", "type": "clause", "offset": [284, 310]}, {"key": "annual-basis", "type": "definition", "offset": [321, 333]}, {"key": "each-year", "type": "definition", "offset": [338, 347]}, {"key": "term-of-the-facilities", "type": "clause", "offset": [370, 392]}, {"key": "financial-information", "type": "definition", "offset": [435, 456]}], "size": 15, "samples": [{"hash": "437EjB3in8Q", "uri": "/contracts/437EjB3in8Q#financial-projections", "label": "Credit Agreement (Bloomin' Brands, Inc.)", "score": 32.2991104126, "published": true}, {"hash": "hRI5WQKps9t", "uri": "/contracts/hRI5WQKps9t#financial-projections", "label": "Credit Agreement (Bloomin' Brands, Inc.)", "score": 31.3408622742, "published": true}, {"hash": "flgeM6kj6ha", "uri": "/contracts/flgeM6kj6ha#financial-projections", "label": "Credit Agreement (Bloomin' Brands, Inc.)", "score": 29.1587944031, "published": true}], "hash": "105851fc6a673742ec1bea2b14b5308f", "id": 8}, {"snippet": "The Administrative Agent shall have received pro forma Consolidated financial statements for the Borrower and its Restricted Subsidiaries, and forecasts prepared by management of the Borrower, of balance sheets, income 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The Financial Projections represent what management of the Borrowers believes to be a reasonable range of possible results in light of the history of the business, present and foreseeable conditions and the intentions of such Borrower\u2019s management. The Financial Projections accurately reflect the liabilities of such Borrower and its Subsidiaries upon consummation of the transactions contemplated hereby as of the Closing Date.", "snippet_links": [{"key": "each-borrower", "type": "clause", "offset": [0, 13]}, {"key": "the-agent", "type": "clause", "offset": [31, 40]}, {"key": "annual-financial-projections", "type": "clause", "offset": [41, 69]}, {"key": "borrower-and-its-subsidiaries", "type": "clause", "offset": [78, 107]}, {"key": "the-period", "type": "clause", "offset": [112, 122]}, {"key": "the-financial", "type": "clause", "offset": [259, 272]}, {"key": "the-borrowers", "type": "definition", "offset": [314, 327]}, {"key": "the-business", "type": "clause", "offset": [409, 421]}, {"key": "the-liabilities", "type": "clause", "offset": [553, 568]}, {"key": "contemplated-hereby", "type": "clause", "offset": [645, 664]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [665, 687]}], "size": 15, "samples": [{"hash": "bPlYGcASxDI", "uri": "/contracts/bPlYGcASxDI#financial-projections", "label": "Credit Agreement (Super Test Petroleum Inc)", "score": 21.0, "published": true}, {"hash": "YFLLUjNQX9", "uri": "/contracts/YFLLUjNQX9#financial-projections", "label": "Credit Agreement (Kwik Fil Inc)", "score": 21.0, "published": true}], "hash": "dd8c17efbe9909caad26690cac6d237a", "id": 9}, {"snippet": "Pursuant to San Francisco Administrative Code Section 67.32, Grantee has on or before the date hereof provided to City financial projections, including profit and loss figures, for the Project. For the term of the Agreement, Grantee shall within days after the end of [Grantee's fiscal year end] provide to City annual financial statements for the Project certified by the Grantee as complete and accurate and audited by an independent accounting firm. The Grantee acknowledges and agrees that the financial projections and audited financial statements shall be public records subject to disclosure upon request.", "snippet_links": [{"key": "pursuant-to-san-francisco", "type": "clause", "offset": [0, 25]}, {"key": "code-section", "type": "definition", "offset": [41, 53]}, {"key": "date-hereof", "type": "clause", "offset": [90, 101]}, {"key": "to-city", "type": "clause", "offset": [111, 118]}, {"key": "profit-and-loss", "type": "definition", "offset": [152, 167]}, {"key": "the-project", "type": "definition", "offset": [181, 192]}, {"key": "the-term-of-the-agreement", "type": "clause", "offset": [198, 223]}, {"key": "days-after", "type": "definition", "offset": [246, 256]}, {"key": "fiscal-year-end", "type": "definition", "offset": [279, 294]}, {"key": "provide-to", "type": "clause", "offset": [296, 306]}, {"key": "annual-financial-statements", "type": "clause", "offset": [312, 339]}, {"key": "certified-by", "type": "definition", "offset": 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have received projections prepared by management of the Original U.S. Borrower, of balance sheets, income statements and cash flow statements on a quarterly basis for 2006 and on an annual basis for each year thereafter during the term of the U.S. Credit Facility.", "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "prepared-by", "type": "clause", "offset": [57, 68]}, {"key": "the-original", "type": "definition", "offset": [83, 95]}, {"key": "balance-sheets", "type": "definition", "offset": [114, 128]}, {"key": "income-statements", "type": "clause", "offset": [130, 147]}, {"key": "cash-flow-statements", "type": "clause", "offset": [152, 172]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [173, 193]}, {"key": "annual-basis", "type": "definition", "offset": [213, 225]}, {"key": "each-year", "type": "definition", "offset": [230, 239]}, {"key": "the-us", "type": "clause", "offset": [270, 277]}, {"key": "credit-facility", "type": 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["conditions-to-closing-and-initial-extensions-of-credit", "Conditions to Closing and Initial Extensions of Credit"], ["conditions-precedent", "Conditions Precedent"]], "children": [["terms-of-subcontract", "Terms of Subcontract"], ["subcontracting", "Subcontracting"], ["limitations", "Limitations"], ["no-assignment-by-\u2587\u2587\u2587\u2587\u2587\u2587\u2587", "No Assignment by \u2587\u2587\u2587\u2587\u2587\u2587\u2587"], ["no-assignment-by-grantee", "No Assignment by Grantee"]], "title": "Financial Projections", "id": "financial-projections", "related": [["projections", "Projections", "Projections"], ["annual-operating-budget-and-financial-projections", "Annual Operating Budget and Financial Projections", "Annual Operating Budget and <strong>Financial Projections</strong>"], ["financial-statements-projections", "Financial Statements; Projections", "Financial Statements; Projections"], ["annual-projections", "Annual Projections", "Annual Projections"], ["financial-statements-and-projections", "Financial Statements and Projections", "Financial Statements and Projections"]], "related_snippets": [], "updated": "2026-07-25T04:34:24+00:00", "also_ask": ["What key assumptions must be explicitly stated to avoid future disputes over financial projections?", "How can financial projection clauses be drafted to limit liability for inaccurate forecasts?", "What negotiation leverage can be gained by controlling the methodology for preparing projections?", "How do courts typically assess the enforceability of financial projection representations?", "What are the critical differences in financial projection clauses across jurisdictions or deal types?"], "drafting_tip": "Specify the assumptions underlying projections to ensure transparency; require regular updates to maintain accuracy; define liability for inaccuracies to allocate risk clearly.", "explanation": "The Financial Projections clause outlines the requirements and expectations regarding the provision and use of projected financial information within an agreement. Typically, this clause specifies that one party must deliver detailed forecasts of revenues, expenses, or other financial metrics, and may address the assumptions underlying these projections as well as any limitations on their accuracy or reliability. Its core practical function is to ensure that all parties have a clear understanding of the anticipated financial outcomes, while also clarifying that such projections are not guarantees, thereby managing expectations and allocating the risk of future financial performance."}, "json": true, "cursor": ""}}