Additional Projections definition

Additional Projections has the meaning specified in Section 6.1(e).
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Additional Projections means those certain annual financial projections of the Borrower that Borrower is to deliver to Bank no later than November 30 of each year with respect to the projected financial condition of the Borrower for following year during the term of this Agreement and in such form and containing such items as the Bank shall determine are appropriate or needed by Bank in order to establish financial covenants for such projected year, and with the further understanding that such projections, individually and in their totality, must also otherwise be acceptable to Bank in its discretion. “Current assets”, “current liabilities” and “liabilities” shall have the meaning ascribed thereto by GAAP. “EBITDA” shall mean the net income of Borrower before interest, taxes, depreciation and other non-cash amortization expenses and other non-cash expenses of Borrower. “Quick Assets” is, on any date, the Borrower’s consolidated, unrestricted cash held at or through Bank, cash equivalents held at or through Bank together with Eligible Accounts.
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Additional Projections means such additional financial projections (if any) as are required by the Administrative Agent pursuant to Clause 3 (Conditions Precedent) by way of supplement to the Projections, which (except as otherwise permitted by the Administrative Agent) shall include the following:
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Examples of Additional Projections in a sentence

  • The information in such Additional Projections is to be used by the Bank in order to establish certain financial covenant targets for later years during the term of this Agreement.

  • All projections that are part of such information (including those set forth in any Additional Projections delivered subsequent to the Closing Date) are based upon good faith estimates and stated assumptions believed to be reasonable and fair as of the date made in light of conditions and facts then known and, as of such date, reflect good faith, reasonable and fair estimates of the information projected for the periods set forth therein.

  • Borrower shall provide to Bank the Additional Projections (as defined in the Schedule) no later than November 30 of each year with respect to the following year.

  • Borrower shall maintain a Tangible Net Worth of not less than $7,000,000 for the period ending March 31, 2003, $6,500,000 for the periods ending June 30, 2003 and September 30, 2003, $6,000,000 for the period ending December 31, 2003 and such amounts for succeeding periods as are established by Bank in its good faith business judgment based on the Additional Projections.

Related to Additional Projections

  • Annual Projections is defined in Section 6.2(a).

  • Financial Projections has the meaning provided in Section 5.07(b).

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

  • Latest Projections means: (a) on the Closing Date and thereafter until the Agent receives new projections pursuant to Section 7.2(f), the projections of the Borrower’s financial condition, results of operations, and cash flows, for the period commencing on April 1, 2009 and ending on March 31, 2010 and delivered to the Agent prior to the Closing Date; and (b) thereafter, the projections most recently received by the Agent pursuant to Section 7.2(f).

  • Projections as defined in Section 6.2(c).

  • Projection means prospective financial statements that present, to the best of the responsible party’s knowledge and belief given one or more hypothetical assumptions, an entity’s expected financial position, results of operations, and changes in financial position or cash flows that are based on the responsible party’s assumptions reflecting conditions it expects would exist and the course of action it expects would be taken given such hypothetical assumptions.

  • Estimates means annual estimates or supplementary estimates;

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Original Project means the Project described in the Original Financing Agreement.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Engineering Report means the Initial Engineering Report and each engineering report delivered pursuant to Section 6.2.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Initial Engineering Report means the engineering report concerning Oil and Gas Properties of Loan Parties dated as of June 30, 2016, prepared internally by the Borrower.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Engineering Reports has the meaning assigned such term in Section 2.07(c)(i).

  • CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Discretionary Capital Expenditures.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Forecasts means the quantity of Items or Services that Buyer reasonably anticipates it may purchase during a specified time.

  • Business Plan means the information required to be supplied to the

  • Asset Schedule means with respect to any Transaction as of any date, an asset schedule in the form of a computer tape or other electronic medium (including an Excel spreadsheet) generated by Seller and delivered to Buyer and the Custodian, which provides information (including, without limitation, the information set forth on Exhibit E attached hereto) relating to the Purchased Mortgage Loans in a format reasonably acceptable to Buyer.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.