Initial Projections Sample Clauses
Initial Projections. On and as of the Closing Date, the projections of the Borrower and its Subsidiaries for the Fiscal Years [***] through [***] including quarterly projections for each quarter during the Fiscal Years [***] through [***] and annual projections for each of the Fiscal Years [***] through [***] (the “Initial Projections”) are based on good faith estimates and assumptions made by the management of the Borrower; provided, the Initial Projections are not to be viewed as facts and that actual results during the period or periods covered by the Initial Projections may differ from such Initial Projections and that the differences may be material; provided, further, as of the Closing Date, management of the Borrower believed that the Initial Projections were reasonable.
Initial Projections. Agent shall have received a copy of the Initial Projections which shall be satisfactory in all respects to Agent and Lenders;
Initial Projections. The Initial Projections have been prepared in good faith based upon the same accounting principles as those used in the preparation of the Pro Forma Financial Statements and upon assumptions believed to be reasonable at the time such Initial Projections were delivered in light of conditions and facts known to the Loan Parties as of the date thereof (it being understood that projections by their nature are inherently uncertain, the Initial Projections are not a guaranty of future performance, and actual results may differ materially from the Initial Projections).
Initial Projections. For purposes of clarity, Bank and Borrower acknowledge and agree that the “Initial Projections” as defined in Section 13.1 of the Loan Agreement shall continue to be the projections provided by Existing Borrower for purposes of entering into the Loan Agreement.
Initial Projections. As of the Closing Date, the Initial Projections are based upon estimates and assumptions stated therein, all of which the Borrower believes to be reasonable and fair in light of conditions and facts known to the Borrower as of such time and reflect the good faith, reasonable and fair estimates by the Borrower of the information projected therein for the period set forth therein.