Annual Projections definition
Examples of Annual Projections in a sentence
Without limiting the foregoing, Borrower may not make Transfers in addition to those specifically enumerated above, unless and only to the extent the same are accounted for in the Annual Projections.
Without limiting the foregoing, Borrower may not make Transfers in addition to those specifically enumerated above, unless and only to the extent the same are specifically reflected in the Annual Projections.
Borrower’s consolidated revenues, tested quarterly on a trailing twelve (12) month basis, shall be at least eighty percent (80%) of projected quarterly revenues, as set forth on Annex I attached hereto; which Annex shall be updated, beginning in 2019, annually based upon the Annual Projections delivered by Borrower to Lenders in accordance with Section 6.2(a)(iii) hereof.
In addition, and without limiting the foregoing, Sunlight shall provide Bank with monthly reports tracking Sunlight’s activity against the projections contained in the Annual Projections for that year.
Sunlight shall prepare the Annual Projections in a commercially reasonable manner.