Preparation of Financial Projection. 6.2.1 Each Financial Projection shall be prepared by the Technical Bank utilising the Financial Model and applying values for each of the Assumptions determined pursuant to this Clause 6 (Borrowing Base Amount) for the purposes of that Financial Projection. 6.2.2 Each Financial Projection shall be in substantially the same form as the Financial Model. 6.2.3 The Technical Bank shall, as of each Redetermination Date and no later than five days prior to the relevant Redetermination Date, deliver a Financial Projection prepared and determined in accordance with this Clause 6 (Borrowing Base Amount) to the Borrower and each Finance Party. Subject to the provisions of this Clause 6, each Financial Projection prepared and delivered by the Technical Bank shall (save for manifest error) be final and binding on the Borrower and each Finance Party. 6.2.4 The Technical Bank shall revise any Financial Projection to correct any manifest error agreed between the Technical Bank and/or the Agent and the Borrower.
Appears in 2 contracts
Sources: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)