Common use of Projected Operating Budget Clause in Contracts

Projected Operating Budget. Furnish Lenders, no later than thirty (30) days after the beginning of Borrower's fiscal years commencing with fiscal year 2000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 2 contracts

Sources: Loan Agreement (McMS Inc), Loan Agreement (McMS Inc /De/)

Projected Operating Budget. Furnish LendersAgent, no later than thirty (30) days after the beginning of Borrower's fiscal years commencing with fiscal year 20002003, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Badger Paper Mills Inc)

Projected Operating Budget. Furnish LendersLender, no later less than thirty (30) days after prior to the beginning of Borrower's each of Borrowers' fiscal years commencing with fiscal year 2000ending February 1, 1997, a month by month projected operating budget and cash flow of Borrower Borrowers for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the CSI's President or Chief Financial Officer of Borrower Treasurer to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit Agreement (Claires Stores Inc)

Projected Operating Budget. Furnish LendersAgent, no later than thirty (30) days after prior to the beginning of Borrower's Borrowers’ fiscal years commencing with fiscal year 20002005, a month by month projected operating budget and cash flow of Borrower Borrowers for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of each Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Phosphate Holdings, Inc.)

Projected Operating Budget. Furnish Agent and Lenders, no later than thirty ninety (3090) days after the beginning of Borrower's fiscal years commencing with fiscal year 20002006, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Small World Kids Inc)

Projected Operating Budget. Furnish LendersBorrower shall furnish Agent, no later than thirty (30) days after prior to the beginning of Borrower's fiscal years commencing with fiscal year 20002001, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit, Term Loan, Guaranty and Security Agreement (Us Home & Garden Inc)

Projected Operating Budget. Furnish LendersAgent, no later than thirty (30) days after prior to the beginning of Borrower's fiscal years commencing with fiscal year 20002003, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Obsidian Enterprises Inc)

Projected Operating Budget. Furnish LendersLender, no later than thirty (30) days after prior to the beginning of each of Borrower's fiscal years commencing with fiscal year 20001998, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrower's President or Chief Financial Officer of Borrower Vice President - Finance to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Meridian Sports Inc)

Projected Operating Budget. Furnish LendersTerm B Lender, no later than thirty (30) days after prior to the beginning of Borrower's fiscal years commencing with fiscal year 20002008, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Term Loan and Security Agreement (Air Industries Group, Inc.)

Projected Operating Budget. Furnish LendersAgent, no later than thirty ninety (3090) days after following the beginning of Borrower's ’s fiscal years commencing with fiscal year 20002009, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Berliner Communications Inc)

Projected Operating Budget. Furnish LendersAgent, no later than thirty (30) days after prior to the beginning of Borrower's ’s fiscal years commencing with fiscal year 20002009, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial a Duly Authorized Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Apac Customer Service Inc)

Projected Operating Budget. Furnish LendersAgent, no later less than thirty (30) days after the beginning of each of Borrower's fiscal years commencing with fiscal year 2000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income me statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrowers President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Centurion Wireless Technologies Inc)

Projected Operating Budget. Furnish LendersAgent, no later less than -------------------------- thirty (30) days after prior to the beginning of each of Borrower's fiscal years commencing beginning with fiscal the year 2000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrower's President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit, Factoring and Security Agreement (Tarrant Apparel Group)

Projected Operating Budget. Furnish LendersAgent, no later than thirty (30) days after prior to the beginning of Borrower's fiscal years commencing with fiscal year 20002005, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit, Term Loan, Equipment Line of Credit and Security Agreement (Ashlin Development Corp)

Projected Operating Budget. Furnish LendersAgent, no later than thirty (30) -------------------------- days after subsequent to the beginning of each Borrower's fiscal years commencing with fiscal year 20002001, a month quarter by month quarter projected operating budget and cash flow of Borrower Borrowers on a consolidated and consolidating basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in for each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of each Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit Loan and Security Agreement (Intelligroup Inc)

Projected Operating Budget. Furnish Lendersthe Agents, no later than thirty (30) days after the beginning of the Borrower's fiscal years commencing with fiscal year 2000, a month by month projected operating budget and cash flow of the Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of the Borrower to the effect that such projections have been prepared on the basis of financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit, Equipment Loan, Term Loan and Security Agreement (McMS Inc /De/)

Projected Operating Budget. Furnish LendersAgent, no later than thirty (30) days after prior to the beginning of each of Borrower's fiscal years commencing with fiscal year 20001999, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Borrower's President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Candies Inc)