Common use of Base Case Model Clause in Contracts

Base Case Model. The Base Case Model has been prepared on the basis of, amongst other things, historical financial statements which were prepared in accordance with IFRS for SMEs and as applied to the Original Financial Statements, and the financial projections contained in the Base Case Model have been prepared on the basis of recent historical information, are fair and based on reasonable assumptions and have been approved by the board of directors of the Borrower.