Common use of Annual Plan Clause in Contracts

Annual Plan. The Borrower shall, within sixty (60) days after the commencement of each fiscal year, submit to the Agent and each Bank projections for the Borrower for the then current fiscal year in form substantially similar to the form of projections provided to the Borrower's board of directors for such fiscal year.

Annual Plan. The US Borrower shall, within sixty (60) days after the commencement of each fiscal year, submit to the Agent and each Bank projections for the US Borrower for the then current fiscal year in form substantially similar to the form of projections provided to the US Borrower's board of directors for such fiscal year.