Budget Projections. Prior to the consummation of a Qualifying IPO, on or prior to the date financial statements are required to be delivered pursuant to Section 6.01(a), a consolidated budget for the following fiscal year in form and substance consistent with the budget customarily prepared by management of the Borrower for its internal use.
Budget Projections. Borrower’s and/or Mortgagor’s budget projections indicate that monthly income from Project operations will be sufficient to pay the combined monthly accrual of interest on the Senior Loan and the Loan by the Maturity Date and the projections are reasonable in Borrower’s opinion and have been prepared in a manner consistent with the past practices of affiliates of the Borrower.
Budget Projections. Within 90 days following the end of each fiscal year of UCLP, a copy of the projections of the operating budget and cash flow budget of UCLP and its Restricted Subsidiaries prepared on a consolidated basis for the succeeding fiscal year, such projections to be accompanied by a certificate of a Responsible Officer to the effect that such projections have been prepared on the basis of reasonable assumptions and that such Responsible Officer has no reason to believe they are incorrect or misleading in any material respect.
Budget Projections. Borrowers’ and/or Mortgagor’s budget projections indicate that monthly income from Project operations will be sufficient to pay the combined monthly accrual of interest on the Senior Loan and the Loan by the Maturity Date and the projections are reasonable in Borrowers’ opinion and have been prepared in a manner consistent with the past practices of affiliates of the Borrowers.
Budget Projections. As soon as available, a copy of any budget or projections of Borrower or any of its Subsidiaries as may be prepared by or for the directors of any such Person and, in any event with 30 days after the end of each fiscal year, a copy of a budget and projections of Borrower and its consolidated Subsidiaries for the then current fiscal year, which budget and projections shall including consolidating schedules containing information exclusively as to BORROWER;
Budget Projections. Within 90 days following the end of each fiscal year of the US Borrower, a copy of the projections of the operating budget and cash flow budget of the US Borrower and its Subsidiaries prepared on a consolidated basis for the succeeding fiscal year, such projections to be accompanied by a certificate of a Responsible Officer to the effect that such projections have been prepared on the basis of reasonable assumptions and that such Responsible Officer has no reason to believe they are incorrect or misleading in any material respect.
Budget Projections. Vendor shall provide to the Board a month-end summary to be used to forecast ongoing alignment with the Budget and Maximum Compensation Amount (the “Budget Projection”). If Vendor’s Budget Projection indicates that the costs of the Services will exceed the Budget and Maximum Compensation Amount, then Vendor and the Board shall meet to discuss an increase to the Budget and Maximum Compensation Amount (the “Budget Projection Adjustment”). The Parties shall agree on whether to increase the Budget and Maximum Compensation Amount to accommodate the Budget Projection, subject to the approval of the Board. If the Parties cannot agree, or if the Board does not approve, on an increase to the Budget and Maximum Compensation Amount, then Vendor shall not perform the affected Services that are in excess of the Budget and Maximum Compensation Amount, and instead the Parties shall discuss necessary changes to (i) the Scope of Services; (ii) the Key Performance Indicators; (iii) the ability of the Board to levy Liquidated Damages; and (iv) the ability of the Board to withhold payments, in order to keep the costs of the Services within the Budget and Maximum Compensation Amount.
Budget Projections. Prior to the consummation of a Qualifying IPO, within one hundred twenty (120) days after the end of each fiscal year (beginning with the fiscal year ending December 31, 2023), a consolidated budget for the following fiscal year on a quarterly basis as customarily prepared by management of the Parent for its internal use and setting forth the material underlying assumptions based on which such consolidated budget was prepared (including any projected consolidated balance sheet of the Parent and its Subsidiaries as of the end of the following fiscal year and the related consolidated statements of projected operations or income and projected cash flow, in each case, to the extent prepared by management of the Parent and included in such consolidated budget), which projected financial statements shall be prepared in good faith on the basis of assumptions believed by the Parent to be reasonable at the time of preparation of such projected financial statements.
Budget Projections. Within 90 days after the end of each fiscal year of the Borrower (commencing with the first fiscal year ending after the Closing Date), a consolidated budget for the following fiscal year on an annual basis in form and substance consistent with the budget customarily prepared by management of the Borrower for its internal use.
Budget Projections. The Confidential 1998 Budget Projections ("1998 ------------------ ---- Budget") and the Confidential 1999 Budget Projections ("1999 Budget") approved ----------- by the Company's Board of Directors and the Employee shall serve as the benchmark for performance for the periods ending December 31, 1998 and December 31, 1999, respectively. Confidential Budget Projections for any renewal period will be mutually agreed to by the parties and will serve as the benchmark for performance in the appropriate period. The 1998 Budget, 1999 Budget and the Budget Projections for any such renewal period are collectively referred to herein as the "Budget/Projections." ------------------
