Initial Projections definition

Initial Projections means those financial projections, dated May 18, 2007 covering the Fiscal Years ending in 2007 through 2013 and delivered to the Administrative Agent by the Borrower prior to the date hereof.

Initial Projections means those financial projections, dated December 4, 2009, covering the Fiscal Years ending in 2009 through 2015 and delivered to the Purchasers by the Issuer prior to the date hereof.

Initial Projections has the meaning specified in Section 4.01(a)(xii).

Examples of Initial Projections in a sentence

• The Initial Projections, unless otherwise disclosed, were prepared in good faith based upon reasonable assumptions.

• The Borrowers believe that the Initial Projections and the assumptions expressed in the Pro Forma are reasonable based on the information available to the Borrowers at the time so furnished.

• The Initial Projections have been prepared based on the best information available to Holdings as of the date of delivery thereof, and presents fairly on a pro forma basis the estimated financial position of Holdings and its consolidated Subsidiaries as at the dates set forth in the Initial Projections, assuming that the applicable events specified in the preceding sentence had actually occurred at such dates and assuming the accuracy of projections provided by InfuSystem to Holdings.

• The Initial Projections, estimates and information of a general economic or industry nature, unless otherwise disclosed, were prepared in good faith based upon assumptions believed by the Borrower to be reasonable at the time made, it being understood that actual results may vary materially therefrom.

• The Proxy contains four sets of projections: (1) the Initial Projections (disclosing projected adjusted EBITDA of $275 million for 2018, among other projections); (2) the November Estimate Range (projecting EBITDA of $240–$280 million for 2018);(3) the Preliminary 2018 Plan (projecting $260 million in adjusted EBITDA for 2018); and (4) the Revised Projections (projecting $240–$250 million in adjusted EBITDA).192 In each case, the Proxy disclosed the Company’s projected earnings without acquisitions.

More Definitions of Initial Projections

Initial Projections shall have the meaning given to such term in Section 3.5(b).

Initial Projections means the financial projections presented to the Administrative Agent and the Lenders on June 3, 2010, with respect to NMHG Holding and its Subsidiaries delivered by NMHG Holding to the Administrative Agent on or prior to the Closing Date, attached as Exhibit J hereto.

Initial Projections means the financial forecast for the Group Members prepared by or on behalf of Borrower’s management and dated as of the date of the Original Credit Agreement demonstrating on a quarterly basis for the first twelve months after the date of the Original Credit Agreement, and on an annual basis thereafter, compliance with all financial covenants on a pro forma basis.

Initial Projections has the meaning assigned to such term in Section 5.10.

Initial Projections shall have the meaning set forth in Section 5.5(b) hereof.

Initial Projections means those financial Projections, dated June 1, 2007, covering the Fiscal Years ending in 2007 through 2010 and delivered to the Administrative Agent by the Borrowers prior to the date hereof.

Initial Projections means, collectively, the following (in each case, for Holdings and its Subsidiaries on a Consolidated basis giving effect to the Acquisition): (i) income statement projection (assuming no share redemptions) by quarter from March 31, 2007 through December 31, 2009 (with columns for full year totals and additional lines below net income showing projected depreciation expense, amortization expense, EBITDA, capital expenditures, lease expense (facility), equipment lease payments, principal payments on the Term Loan, and interest payments on the Term Loan); (ii) balance sheet projection (assuming no share redemptions) by quarter from March 31, 2007 through December 31, 2009; (iii) itemized list of payments to be made at closing of the Acquisition (e.g., FTN fees, loan facility fee, ticking fee (Acquisition Agreement Section 12.1(a)), audit fees and costs (Acquisition Agreement Section 6.23), preparation of proxy (Acquisition Agreement Section 6.18), etc.); (iv) income statement projection (assuming maximum share redemptions) by quarter from March 31, 2007 through December 31, 2009 (with columns for full year totals and additional lines below net income showing projected depreciation expense, amortization expense, EBITDA, capital expenditures, lease expense (facility), equipment lease payments, principal payments on the Term Loan, and interest payments on the Term Loan); and (v) balance sheet projection (assuming maximum share redemptions) by quarter from March 31, 2007 through December 31, 2009.