Common use of OPERATING BUDGET; REVISED OPERATING PROJECTIONS Clause in Contracts

OPERATING BUDGET; REVISED OPERATING PROJECTIONS. The Administrative Agent shall have received, with a copy for each Lender, (i) an Operating Budget covering the first Operating Year of the Project, which shall be in form and substance reasonably satisfactory to the Administrative Agent (upon consultation with the Independent Engineer) and (ii) revised Operating Projections, prepared in a manner consistent with the Operating Projections delivered pursuant to Section 4.1(v), in each case certified by a Responsible Officer of the Company as being prepared in good faith in full consideration of all information known to such officer, after due inquiry, as of the Conversion Date.

Appears in 3 contracts

Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Global Telesystems Group Inc), Credit Agreement (Flag Telecom Holdings LTD)

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OPERATING BUDGET; REVISED OPERATING PROJECTIONS. The Administrative Agent shall have received, with a copy for each Lender, received (i) an Operating Budget covering the first Operating Year of the Project, which shall be in form and substance reasonably satisfactory to the Administrative Agent (upon consultation with the Independent Engineer) and (ii) revised Operating Projections, prepared in a manner consistent with the Operating Projections delivered pursuant to Section 4.1(v4.1(s), in each case certified by a Responsible Officer of the Company as being prepared in good faith in full consideration of all information known to such officer, after due inquiry, as of the Conversion Date.

Appears in 1 contract

Samples: Credit Agreement (Flag Telecom Holdings LTD)

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