Common use of Management Discussion and Analysis Clause in Contracts

Management Discussion and Analysis. Together with each delivery of any Financial Statement pursuant to clauses (b) or (c) above, a summary discussion and analysis of the financial condition and results of operations of the Group Members for the portion of the Fiscal Year then elapsed and discussing the reasons for any significant variations from the Projections for such period and the figures for the corresponding period in the previous Fiscal Year. SECOND LIEN CREDIT AGREEMENT WESTWOOD ONE, INC. 61

Management Discussion and Analysis. Together with each delivery of any Financial Statement pursuant to clauses (b) or clause (c) above, a summary discussion and analysis of the financial condition and results of operations of the Group Members for the portion of the Fiscal Year then elapsed and discussing the reasons for any significant variations from the Projections Annual Operating Budgets for such period Fiscal Year and the figures for the corresponding period in the previous Fiscal Year. SECOND LIEN CREDIT AGREEMENT WESTWOOD ONE, INC. 61.

Management Discussion and Analysis. Together with each delivery of any Financial Statement Statementsconsolidated financial statements pursuant to clauses (b) or clause (c) above, a summary discussion and analysis of the financial condition and results of operations of the Group Members (taken as a whole) for the portion of the Fiscal Year then elapsed and discussing the reasons for any significant variations from the Projections for such period periodFiscal Year and the figures for the corresponding period in the previous Fiscal Year, all in the form prepared for the U.S. Borrower’s board of directors or equivalent body. SECOND LIEN CREDIT AGREEMENT WESTWOOD ONE, INC. 61(g)

Management Discussion and Analysis. Together with each delivery of any Financial Statement pursuant to clauses (b) or (c) above, a summary discussion and analysis of the financial condition and results of operations of the Group Members for the portion of the Fiscal Year then elapsed and discussing the reasons for any significant variations from the Projections for such period and the figures for the corresponding period in the previous Fiscal Year. SECOND LIEN CREDIT AGREEMENT WESTWOOD ONE, INC. 61.