Common use of Board Projections Clause in Contracts

Board Projections. At least annually, and in any event no later than within sixty (60) days after the end of each fiscal year of Borrower, and within seven (7) days after any updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to Agent;

Appears in 2 contracts

Sources: Loan and Security Agreement (Phathom Pharmaceuticals, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)

Board Projections. At As soon as available, at least annually, and in any event no later than within sixty (60) days after the end of each fiscal year of Borrower, and within seven (7) days after promptly following any material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Axsome Therapeutics, Inc.)

Board Projections. At As soon as available, at least annually, and in any event no later than within sixty (60) days after the end of each fiscal year last day of Borrower’s fiscal year, and within seven (7) days after contemporaneously with any Board approved updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to Agent;

Appears in 2 contracts

Sources: Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I), Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I)

Board Projections. At least annually, and in any event no later than within Within sixty (60) days after following the end of each Borrower’s fiscal year of Borroweryear, and within seven (7) days after contemporaneously with any updates or changes thereto, annual Board-approved operating budget and financial projectionsprojections (reflecting projections on a quarterly or monthly basis), in a form of presentation reasonably acceptable to AgentBank;

Appears in 2 contracts

Sources: Loan and Security Agreement (Dimension Therapeutics, Inc.), Loan and Security Agreement (Dimension Therapeutics, Inc.)

Board Projections. At least annuallyAs soon as available, and in any event but no later than within sixty the earlier to occur of (60i) forty-five (45) days after the end of each fiscal year of Borrower, and within seven Borrower or (7ii) ten (10) days after Board approval, and not more than ten (10) days after Board approval of any material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Sources: Loan and Security Agreement (Tremor Video Inc.)

Board Projections. At As soon as available, at least annually, and in any event but no later than within sixty forty-five (6045) days after the end of each fiscal year of Borrower, and within seven (7) days after promptly following any Board approved updates or changes thereto, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the then-current fiscal year of Borrower and (ii) annual financial projections for the then-current fiscal year (on a quarterly basis) as approved by the Board-approved operating budget and , together with any related business forecasts used in the preparation of such annual financial projections, in a form of presentation reasonably acceptable to Agent;

Appears in 1 contract

Sources: Mezzanine Loan and Security Agreement (Nebula Caravel Acquisition Corp.)

Board Projections. At As soon as available, at least annually, and in any event no later than within sixty (60) days after the end of each fiscal year of Borrower, and within seven (7) days after promptly following any material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to Agent;

Appears in 1 contract

Sources: Loan and Security Agreement (Axsome Therapeutics, Inc.)

Board Projections. At least annuallyAs soon as available, and in any event no later than within sixty (60) days after of the earlier to occur of (i) approval by the Board or (ii) the end of each fiscal year of Borrower, and within seven (7) days after contemporaneously with any material updates or changes thereto, annual Board-approved operating budget and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Sources: Loan and Security Agreement (Selecta Biosciences Inc)

Board Projections. At least annuallyAs soon as available, and in any event but no later than within sixty thirty (6030) days after following the end of each Borrower’s fiscal year of Borroweryear, and within seven (7) days after contemporaneously with any material updates or changes thereto, annual Board-approved operating budget budgets and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Sources: Loan and Security Agreement (Cti Biopharma Corp)

Board Projections. At least annuallyAs soon as available, and in any event no later than within sixty thirty (6030) days after of the earlier to occur of (i) approval by the Board or (ii) the end of each fiscal year of Borrower, and within seven (7) days after contemporaneously with any material updates or changes thereto, annual Board-approved operating budget budgets and financial projections, in a form of presentation reasonably acceptable to AgentBank;

Appears in 1 contract

Sources: Loan and Security Agreement (Apellis Pharmaceuticals, Inc.)

Board Projections. At As soon as available, at least annually, and in any event no later than within the earlier to occur of (i) sixty (60) days after the end of each fiscal year of Borrower, Parent and within seven (7ii) ten (10) days after Board approval, and contemporaneously with any updates or changes thereto, annual Board-approved operating budget and financial projectionsprojections with respect to Parent and its direct and indirect Subsidiaries, in a form of presentation reasonably acceptable to Agent;

Appears in 1 contract

Sources: Loan and Security Agreement (Alx Oncology Holdings Inc)