Common use of Projected Operating Budget Clause in Contracts

Projected Operating Budget. Furnish Agent, no later than thirty (30) days prior to the beginning of each Loan Party’s fiscal years commencing with fiscal year 2006, a month by month projected operating budget and cash flow of Loan Parties on a Consolidated Basis and such parties on a 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 each fiscal quarter), such projections to be accompanied by a certificate signed by a Responsible Person of each Loan Party 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

Samples: Loan and Security Agreement (Bucyrus International Inc)

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Projected Operating Budget. Furnish Agent, no later than thirty (30) days prior to the beginning of each Loan Party’s Borrower's fiscal years commencing with fiscal year 2006ending December 31, 1998 a month by month projected operating budget and cash flow of Loan Parties Borrowers on a Consolidated Basis consolidated and such parties on a 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 each fiscal quarter), such projections to be accompanied by a certificate signed by a Responsible Person the President or Chief Financial Officer of each Loan Party 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

Samples: Security Agreement (Terrace Holdings Inc)

Projected Operating Budget. Furnish Agent, no later than thirty (30) days prior to after the beginning of each Loan Party’s 's fiscal years commencing with fiscal year 20062005, a month by month projected operating budget and cash flow of Loan Parties on a Consolidated Basis consolidated and such parties on a 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 each fiscal quarter), such projections to be accompanied by a certificate signed by a Responsible Person the President or Chief Financial Officer of each Loan Party 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

Samples: Loan and Security Agreement (Jaco Electronics Inc)

Projected Operating Budget. Furnish Administrative Agent, no later than thirty (30) days prior to the beginning of each Loan Party’s fiscal years commencing with the fiscal year 2006commencing March 1, 2015, a month by month projected operating budget and cash flow of the Loan Parties on a Consolidated Basis and such parties on a consolidating consolidated 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 each fiscal quarter), such projections to be accompanied by a certificate signed by a Responsible Person the President or Chief Financial Officer of each Loan Party 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

Samples: Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)

Projected Operating Budget. Furnish Agent, no later than thirty (30) days prior to the beginning of each Loan Partyof Borrower’s fiscal years years, commencing with the fiscal year 2006beginning in January 2004, a month fiscal quarter by month fiscal quarter projected operating budget and cash flow of Loan Parties on a Consolidated Basis and such parties on a consolidating basis Borrower for such fiscal year (including an income statement and statement of cash flow for each month such fiscal quarter and a balance sheet as at the end of the last month in each such fiscal quarter), such projections to be accompanied by a certificate signed by a Responsible Person the President or Chief Financial Officer of each Loan Party 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

Samples: Security Agreement (Kenexa Corp)

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Projected Operating Budget. Furnish Agent, no later than thirty (30) days prior to the beginning of each Loan Party’s fiscal years commencing with fiscal year 2006ending on the Saturday closest to June 30, 2009, a month by month projected operating budget and cash flow of Loan Parties and their Subsidiaries on a Consolidated Basis and such parties on a consolidating consolidated 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 each fiscal quarter), such projections to be accompanied by a certificate signed by a Responsible Person the President or Chief Financial Officer of each Loan Party Administrative 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

Samples: Loan and Security Agreement (Velocity Express Corp)

Projected Operating Budget. Furnish AgentLender, no later than thirty forty-five (3045) days prior to after the beginning of each Loan Party’s 's fiscal years commencing with fiscal year 20062001, a month by month projected operating budget and cash flow of Loan Parties (on a Consolidated Basis and such parties on a consolidating basis consolidated 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 each fiscal quarter), such projections to be accompanied by a certificate signed by a Responsible Person of each Loan Party Borrowing Agent's President or Chief Financial Officer 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

Samples: Security Agreement (Cold Metal Products Inc)

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