Common use of Preparatory steps Clause in Contracts

Preparatory steps. 6.4.1 No later than 40 Business Days before each Recalculation Date or, in relation to any Interim Projection, such later date as the Lender may specify: (A) the Lender shall submit to the Borrower its proposals for the Economic Assumptions; and (B) the Borrower shall submit to the Lender its proposals for the Technical Assumptions, to be used, in each case, for the Projection due to be adopted on such Recalculation Date. 6.4.2 The Borrower and the Lender shall seek to agree the Assumptions to be used for each Projection based on the proposals submitted in accordance with Clause 6.4.1 by (i) the date falling 30 Business Days before the Recalculation Date on which that Projection is due to be adopted or (ii) in relation to any Interim Projection, such later date as the Lender may specify.

Preparatory steps. 6.4.1 (a) No later than 40 Business Days before each Recalculation Date or, in relation to any Interim Projection, such later date as the Lender Agent may specify: (Ai) the Lender Agent shall submit to the Borrower its proposals for the Economic Assumptions; and (Bii) the Borrower shall submit to the Lender Technical Bank its proposals for the Technical Assumptions, to be used, in each case, for the Projection due to be adopted on such Recalculation Date. 6.4.2 (b) The Borrower and the Lender Technical Bank shall seek to agree on the Assumptions to be used for each Projection based on the proposals submitted in accordance with Clause 6.4.1 6.4(a) by (i) the date falling 30 Business Days before the Recalculation Date on which that Projection is due to be adopted or (ii) in relation to any Interim Projection, such later date as the Lender Agent may specify.