Common use of Additional Goals Clause in Contracts

Additional Goals. The Company will take all reasonable efforts to achieve the following goals towards implementing monthly financial reporting on or before the following dates: (a) August 31, 2003: hire a Chief Financial Officer for the Company; (b) September 30, 2003: convert Flow Japan Corporation to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (c) August 1, 2003: initiate the conversion of Flow Robotics to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (d) November 30, 2003: complete the conversion of Flow Robotics to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (e) February 28, 2004: convert FAC to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (f) February 28, 2004: adopt a uniform chart of accounts across all Subsidiaries; (g) March 31, 2004: execute monthly close on ▇.▇. ▇▇▇▇▇▇▇ Financial System for all Subsidiaries except for CIS Acquisition Corp. and Flow South America; (h) March 31, 2004: within 15 days of month's end, provide the Noteholders with consolidated and consolidating monthly financial reports for the Company and all Subsidiaries, including EBITDA calculations on a monthly basis going forward; and (i) April 30, 2004: execute quarterly close on ▇.▇. ▇▇▇▇▇▇▇ Financial System for all Subsidiaries except for CIS Acquisition Corp. and Flow South America."

Appears in 1 contract

Sources: Note Purchase Agreement (Flow International Corp)

Additional Goals. The Company Borrower will take all reasonable efforts to achieve the following goals towards implementing monthly financial reporting on or before the following dates: (a) August 31, 2003: hire Hire a Chief Financial Officer for the CompanyBorrower; (b) September 30, 2003: convert Convert Flow Japan Corporation to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (c) August 1, 2003: initiate Initiate the conversion of Flow Robotics to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (d) November 30, 2003: complete Complete the conversion of Flow Robotics to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (e) February 28, 2004: convert Convert FAC to ▇.▇. ▇▇▇▇▇▇▇ Financial System; (f) February 28, 2004: adopt Adopt a uniform chart of accounts across all Subsidiaries; (g) March 31, 2004: execute Execute monthly close on ▇.▇. ▇▇▇▇▇▇▇ Financial System for all Subsidiaries except for CIS Acquisition Corp. and Flow South America; (h) March 31, 2004: within Within 15 days of month's end, provide the Noteholders Agent with consolidated and consolidating monthly financial reports for the Company Borrower and all Subsidiaries, including EBITDA calculations on a monthly basis going forward; and (i) April 30, 2004: execute Execute quarterly close on ▇.▇. ▇▇▇▇▇▇▇ Financial System for all Subsidiaries except for CIS Acquisition Corp. and Flow South America.";

Appears in 1 contract

Sources: Credit Agreement (Flow International Corp)