Monthly Budgets Sample Clauses
The "Monthly Budgets" clause establishes a set financial limit or spending plan for each month within the scope of an agreement. It typically outlines how much can be spent or allocated during each monthly period, and may require parties to review, approve, or adjust the budget as needed. This clause helps control costs, ensures financial discipline, and provides predictability for both parties by preventing overspending and clarifying financial expectations.
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Monthly Budgets. Not later than April 30, 2001, a month-by- month budget of the financial condition and results of operations of Parent and its Subsidiaries for the Fiscal Year ending December 29, 2001 (covering in any event balance sheets, statements of cash flow and of income for each quarter and calendar month); in all instances in form, scope and substance reasonably satisfactory to the Agent; and Borrower shall cause such budget to be updated from time to time as material changes in the financial condition and results of operations of Parent and its Subsidiaries necessitate and shall promptly furnish or cause to be furnished to the Agent and each Lender a copy of any such updated budget; and
Monthly Budgets. The Company’s management shall prepare and present to the Board of Directors rolling forward monthly budgets.
Monthly Budgets. If, and for so long as Collateral Agent shall request, as soon as available and in any event within forty-five (45) days after the end of each January, February, April, May, July, August, October and November, Borrower will deliver or cause to be delivered to Collateral Agent any budgets, forecasts, projections or similar documents prepared by the Borrower prior to the end of such month that have not previously been so delivered.
Monthly Budgets. No later than five (5) days prior to the start of each calendar month, an accounting of expenses to be paid, expenses accrued, expenses outstanding, and sources of cash for the Company and its subsidiaries in respect of such month, all itemized in reasonable detail, and, promptly after preparation, any revisions to any of the foregoing.
Monthly Budgets. Borrower shall furnish Lender prior to the beginning of each consecutive period of six (6) months (commencing with the six (6)-month period commencing on the Closing Date) the following monthly budgets (each a “Monthly Budget”): (i) no later than thirty (30) days after the Confirmation Date a series of six (6) prospective monthly budgets for the initial six (6)-month period beginning on the Closing Date (the “Initial Monthly Budgets”) and (ii) no later than fifteen (15) days prior to the commencement of each consecutive six (6)-month period thereafter, a series of six (6) prospective monthly budgets for the applicable six (6)-month period; provided, however, should the Effective Date occur prior to the delivery of the Initial Monthly Budget, then the Monthly Budget provided to Lender by the Debtor shall continue in full force and effect and control until the Plan Administrator provides the Initial Monthly Budget. Each Monthly Budget shall be prepared by the Plan Administrator and accompanied by a certificate signed by the Plan Administrator to the effect that such Monthly Budget has been prepared based upon good faith estimates and assumptions believed to be reasonable at the time made, together with appropriate supporting details and a statement of underlying assumptions. Monthly Budgets shall be subject to the reasonable approval of Lender and each Monthly Budget submitted to Lender shall be deemed approved unless objected to by Lender in writing within five (5) Business Days after such Monthly Budget is submitted for approval.
Monthly Budgets. As soon as available and in any event within thirty (30) days prior to the end of the current Monthly Budget, a Monthly Budget for each month in the immediately following three month period, which Monthly Budgets shall be acceptable to the Requisite Lenders in their sole discretion. In the event that no Lender objects to the proposed Monthly Budgets within 10 days following its receipt of such Monthly Budgets, such Monthly Budgets shall be deemed approved by the Requisite Lenders. In the event that any Lender objects to any Monthly Budget so provided, such Lender shall notify NTL, Company, Agent and each of the other Lenders no later than 10 days following its receipt of such Monthly Budget, and upon receipt of such notice, all Monthly Budgets shall be deemed to be not approved until approved in accordance with the provisions of this Section 5.1(f). Following receipt of such notice, the Lenders, NTL and the Company shall cooperate to negotiate Monthly Budgets acceptable to the Requisite Lenders in their sole discretion and reasonably acceptable to NTL and the Company. If the Requisite Lenders approve all or any of such Monthly Budgets, as amended with the consent of NTL and the Company, then such Monthly Budget or Monthly Budgets shall be deemed approved. If the Requisite Lenders fail to approve any Monthly Budget before the first day of the month to which such Monthly Budget relates, then the Company shall not be entitled to withdraw funds from the Disbursement Account pursuant to Section 2.2(c) until the Requisite Lenders approve a Monthly Budget for such month.