Management Reports and Budgets Clause Samples

Management Reports and Budgets. (a) NDR will provide the Company with a detailed financial budget for the operations of NDR, for the current year of operations detailing capital costs and operations expenses, and proforma profit and loss statement, projecting sales and income for NDR for the first two years, and an associated proforma cash flow statement and balance sheet (collectively the “Budget’). The company reserves the right to review and approve the final ‘Budget” prior to the disbursement of the Funds and the Draw, which approval will not be unreasonably withheld. This will help facilitate the Company’s determination of when and how much funding tranches to provide (pursuant to Section 8.6 herein) to NDR to meet the NDR’s projected capital budget requirements and sales and operations expenses. NDR will provide the Company with monthly executive management reports on the general status of NDR’s operations, contracts, sales goals, capital projects, marketing/sales efforts and financial condition, including Profit and Loss Statements, Cashflow Statements and Balance Sheet and a budget variance report.
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Management Reports and Budgets. (a) Within thirty (30) days of “the Closing”, Company will provide the Investor with a detailed financial budget for the operations of “the Company”, for the current year of operations detailing capital costs and operations expenses, and proforma profit and loss statement, projecting sales and income for “the Company” for the first two years, and an associated proforma cash flow statement and balance sheet (collectively the “Budget’). Company will provide the Investor with monthly executive management reports on the general status of “the Company’s” operations, contracts, sales goals, capital projects, marketing/sales efforts and financial condition, including Profit and Loss Statements, Cash flow Statements and Balance Sheet and a budget variance report.
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Related to Management Reports and Budgets

  • Development Reports Beginning six months after Effective Date and ending on the date of first commercial sale of a Licensed Product in the United States, LICENSEE shall report to Cornell progress covering LICENSEE's (and Affiliate's and Sublicensee's) activities and efforts in the development of rights granted to LICENSEE under this Agreement for the preceding six months. The report shall include, but not be limited to, activities and efforts to develop and test all Licensed Products and obtain governmental approvals necessary for marketing the same. Such semi-annual reports shall be due within sixty days (60) of the reporting period and shall use the form as provided herein as Appendix C.

  • Management Reports Promptly upon receipt thereof, copies of all detailed financial and management reports submitted to the Company by independent auditors in connection with each annual or interim audit made by such auditors of the books of the Company.

  • Management Report Promptly upon receipt thereof, copies of all detailed financial and management reports submitted to Borrower or any other Loan Party by independent auditors in connection with each annual or interim audit made by such auditors of the books of Borrower or any other Loan Party.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.