reforecast definition

reforecast any revision on the agreed outcome of the Cost of Advertising Services and associated indicators listed in clause 11.3 for the remainder of the specified calendar year made at any point during that year. Such a revision may be made in relation to a previous Reforecast or to the Annual Budget.
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reforecast means the adjustment of the annual forecast as set out in the latest budget of the Borrower provided by its management on a quarterly basis.
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Related to reforecast

  • Forecast means a statement of expected meteorological conditions for a specified time or period, and for a specified area or portion of airspace;

  • Rolling Forecast has the meaning set forth in Section 4.2.

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Cash Flow Forecast means the 13-week cash flow forecast delivered pursuant to Section 5.01(j).

  • reasonable forecast means a forecast prepared by the Borrower not earlier than twelve months prior to the incurrence of the debt in question, which both the Bank and the Borrower accept as reasonable and as to which the Bank has notified the Borrower of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, a material adverse effect on the financial condition or future operating results of the Borrower.