Board Projections. As soon as available, but no later than sixty (60) days after the last day of Borrower’s fiscal year, and contemporaneously with any updates or changes thereto, Board-approved projections as to the then current fiscal year in a form acceptable to Bank;”
Appears in 1 contract
Sources: Loan and Security Agreement (Eleven Biotherapeutics, Inc.)
Board Projections. As soon as available, but no later than sixty the earlier of (60i) seven (7) days after Board approval, or (ii) thirty (30) days after the last day of Borrower’s fiscal year, and in each case contemporaneously with any updates or changes thereto, the Board-approved projections as to annual operating plan for the then current upcoming fiscal year of Borrower in a form acceptable to Bank;”
Appears in 1 contract
Board Projections. As soon as available, but no later than sixty (60) days after the last day of Borrower’s fiscal year, and contemporaneously with any updates or changes thereto, Board-approved operating budgets and projections (reflecting projections on a monthly basis) as to the then current fiscal year in a form acceptable to Bank;”; and
Appears in 1 contract
Board Projections. As soon as available, but no later than sixty (60i) forty-five (45) days after the last day of Borrower’s fiscal year, and contemporaneously with any updates or changes thereto, Board-reviewed projections as to the then current fiscal year, and (ii) ten (10) days after Board approval, but at least annually, and contemporaneously with any updates or changes thereto, Board-approved projections as to the then current fiscal year year, in each case ((i) and (ii)) in a form of presentation reasonably acceptable to Bank;”
Appears in 1 contract
Sources: Loan Agreement (Amber Road, Inc.)