OPERATING PROJECTIONS definition
OPERATING PROJECTIONS shall have the meaning ascribed thereto in Section 4.1(t).
OPERATING PROJECTIONS shall have the meaning ascribed thereto in Section 4.1(u).
OPERATING PROJECTIONS as such term is defined in subsection 4.1(ii) of the Loan Agreement.
More Definitions of OPERATING PROJECTIONS
OPERATING PROJECTIONS means (i) those certain operating projections for years 1993 to 2003, inclusive, dated as of December 15, 1993, and included in the Business Plan, with the assumption that for each fiscal quarter of the Borrower in any fiscal year, Estimated Cash Flow for such fiscal quarter shall equal one-quarter of Estimated Cash Flow for such fiscal year or if delivered, then (ii) replacement quarterly operating projections satisfactory to the Lender and delivered to the Lender by the Borrower on or prior to January 15, 1994, which operating projections shall contain quarterly information in sufficient detail to determine Estimated Cash Flow for the years 1993 to 2003, inclusive, provided that the sum of the Estimated Cash Flows for the consecutive four quarters ending on December 31 of any calendar year shall not be less than the annual Estimated Cash Flows in the operating projections referred to in clause (i) above for such years.