Projections and Cash Flow Clause Samples

The 'Projections and Cash Flow' clause defines the requirements and procedures for providing financial forecasts and cash flow statements related to the agreement. Typically, this clause outlines the frequency, format, and content of the projections that one party must deliver to the other, such as quarterly revenue forecasts or monthly cash flow reports. Its core function is to ensure transparency and enable informed decision-making by giving parties regular insight into the financial health and anticipated performance of the business or project.
Projections and Cash Flow. On or before December 31 of each calendar year, projections of profit and loss statements, cash flows and balance sheets of Borrower and its Subsidiaries prepared on a month-by-month basis for the next succeeding twelve (12) months, prepared by the chief financial officer of Borrower. Borrower has furnished to Bank initial projections dated as of the date hereof containing the information required by this Section. The Obligor represents and covenants that (a) the initial projections required by this Section have been prepared by the chief financial officer of Borrower and represent the best available good faith estimate of Borrower regarding the course of Borrower’s business for the periods covered thereby; (b) all future projections required b y this Section shall be prepared by or under the direction of the chief financial officer of Borrower and shall represent the best available good faith estimate of Borrower regarding the course of Borrower’s business for the periods covered thereby; (c) the assumptions set forth in the initial projections are and the assumptions set forth in the future projections delivered hereafter shall be reasonable and realistic based on then current economic conditions; (d) Borrower knows of no reason why the Obligors should not be able to achieve the performance levels set forth in the initial projections and Borrower shall have no knowledge at the time of delivery of future projections of any reason why the Obligors shall not be able to meet the performance levels set forth in said projections; and (e) each Obligor has sufficient capital as may be required for its ongoing business and to pay its existing and anticipated debts as they mature.
View SourceView Similar (13)
Projections and Cash Flow. As soon as available and in any event within sixty (60) days prior to the end of each fiscal year of Borrower, projections and cash flows on a quarter-by-quarter basis for the next succeeding twelve (12) months for Borrower and its Subsidiaries, prepared by the chief financial officer of Borrower. In addition, until Borrower has delivered to the Agent and the Lenders pursuant to Section 9.1 or 9.3(a) of the Loan Agreement financial statements reflecting a ratio of Total Indebtedness to EBITDA under Section 8.2 of the Loan Agreement of 3.50 to 1 or less for the most recently completed fiscal quarter, as soon as available and in any event within three (3) business days following the end of each week, a rolling projected cash flow forecast for the next succeeding twelve (12) week period, prepared by the chief financial officer of Borrower. Borrower has furnished to Lenders initial projections dated as of the date hereof and attached hereto as Schedule 9.2 containing the information required by this Section 9.
View Source
Projections and Cash Flow. As soon as available and in any event within sixty (60) days prior to the end of each fiscal year of Borrower, projections and cash flows on a month-by-month basis for the next succeeding twelve (12) months, prepared or reviewed by the chief financial officer of Borrower. Borrower has furnished to Bank initial projections dated as of the date hereof and attached hereto as Schedule 9.2 containing the information required by this Section 9.2. Borrower represents and covenants that (a) the initial projections attached hereto have been and all projections required by this Section 9.2 shall be prepared by the chief financial officer of Borrower and represent, and in the future shall represent, the best available good faith estimate of Borrower regarding the course of Borrower's business for the periods covered thereby; (b) the assumptions set forth in the initial projections are and the assumptions set forth in the future projections delivered hereafter shall be reasonable and realistic based on then current economic conditions; (
View Source
Projections and Cash Flow. Section 9.2 of the Loan Agreement is hereby amended by replacing it in its entirety with the following:
View Source
Projections and Cash Flow. As soon as available and in any event prior to the end of each fiscal year of Obligors, projected consolidated income statement, balance sheet and cash flow statement of Obligors on a quarterly basis for the next succeeding four (4) fiscal quarters prepared by the chief financial officer of Obligors. Obligors covenant that (a) all projections required by this section shall be prepared by the chief financial officer of Obligors and shall represent the best available good faith estimate of Obligors regarding the course of Obligors' business for the period covered thereby; (b) the assumptions set forth in the projections delivered hereafter shall be reasonable and realistic based on then current economic conditions; and (c) Obligors shall have no knowledge at the time of delivery of future projections of any reason why Obligors shall not be able to meet the performance levels set forth in said projections.
View Source
Projections and Cash Flow. Within thirty (30) days following the commencement of each fiscal year of KTI, the updated projections of profit and loss statements, balance sheets, cash flows and availability for such fiscal year, prepared by the chief financial officer of KTI. KTI has furnished to Agent initial projections dated as of the date hereof containing the information required by this Section for 2007. Borrowers represent and covenant that (a) the initial projections have been and all projections required by this Section shall be prepared by the chief financial officer of KTI and represent and in the future shall represent, the good faith estimate of Borrowers at the time of such projections regarding the course of Borrowers' business for the periods covered thereby, and (b) the initial projections are and the future projections delivered hereafter shall be based upon assumptions Borrowers believe or shall believe at the time to be reasonable.
View Source
Projections and Cash Flow is hereby amended by deleting the words "quarter-by-quarter" in the first sentence thereof and replacing them with the words "month-by-month".
View Source

Related to Projections and Cash Flow

  • Financial Projections Borrower shall have delivered to Lender Borrower’s business plan and/or financial projections or forecasts as most recently approved by Borrower’s Board of Directors.

  • Cash Flow Owner acknowledges that the budget prepared by Manager, pursuant to paragraph 3(k), will contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property is "negative" in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up the budgeted operating deficit. These funds must be placed in such account at least forty-five (45) days before the budgeted deficit is to occur.

  • Net Cash Flow The term “Net Cash Flow” shall mean all cash and cash equivalents from all sources on hand as of the last day of the measurement period prior to any distributions to the Partners, and after the payment of all then due expenses of operating and managing the Restaurants, and after payment of all debts and liabilities and after any prepayments of any debts and liabilities that the General Partner, in its reasonable and good faith discretion, elects to cause to be made, and after the establishment of any reserves reasonably deemed necessary by the General Partner for (i) the repayment of any due debts or liabilities, including debts owed to the General Partner; (ii) the working capital requirements; (iii) capital improvements and replacement of furniture, fixtures or equipment; and (iv) any contingent or unforeseen liabilities. In determining Net Cash Flow of each Restaurant there shall be deducted the Supervision Fee and the Accounting Fee as provided in Section 4.7, the Advertising Payment and the Insurance Payment as provided in Section 4.8, and the OSRS Charges as provided in Section 4.2.

  • Financial Statements; Projections (a) There has been furnished to the Administrative Agent (for distribution to each of the Lenders) a consolidated balance sheet of the Parent and its Subsidiaries as of December 31, 2023 in draft form, which is in form and substance satisfactory to the Administrative Agent, and a consolidated statements of income or operations, cash flows and shareholders’ equity of the Parent and its Subsidiaries for the Fiscal Year then ended, which financial statements (i) have been prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, (ii) fairly present the financial condition of the Parent and its Subsidiaries as of the date thereof and the results of operations for the Fiscal Year then ended and their results of operations, cash flows and changes in shareholders’ equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as expressly noted therein, and (iii) show all material Indebtedness and other liabilities, direct or contingent, of the Parent and its Subsidiaries as of the date thereof, including liabilities for all federal and other material Taxes, material commitments and Indebtedness. (b) There has been furnished to the Administrative Agent (for distribution to each of the Lenders) an unaudited consolidated balance sheet of the Parent and its Subsidiaries as of the close of the Fiscal Month ending January 31, 2024, and unaudited consolidated statements of income or operations and cash flow of the Parent and its Subsidiaries as of the close of such Fiscal Month, in each case, certified by a Financial Officer of the Parent. Such balance sheet and statement of income or operations and cash flows have been prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and fairly present the financial condition of the Parent and its Subsidiaries as of the date thereof and the results of operations, cash flows and changes in shareholders’ equity for the period covered thereby, subject to the absence of foot notes and to normal year-end audit adjustments. There are no contingent liabilities of the Parent or any Subsidiary as of such date involving material amounts, known to the officers of the Parent or any Subsidiary, required to be disclosed in such balance sheet and the notes related thereto in accordance with GAAP which were not disclosed in such balance sheet and the notes related thereto. (c) There has been furnished to the Administrative Agent (for distribution to each of the Lenders) integrated multi-year projections of (x) Excess Availability and (y) the consolidated balance sheets and statements of income or operations and cash flows of the Parent and its Subsidiaries for each Fiscal Month following the Closing Date through and including the Fiscal Year ending December 31, 2024 and for each Fiscal Quarter thereafter. Such projections have been prepared on a pro forma basis after giving effect to the transactions contemplated hereby. Such projections were prepared in good faith and based on assumptions that are believed in good faith to be reasonable in light of the facts and circumstances known on and as of the Closing Date (it being understood and agreed that such projections are as to future events and are not to be viewed as facts, subject to significant uncertainties and contingencies, many of which are beyond control, no assurance can be given that the projections will be realized, and actual results may materially differ from the projections).

  • Pro Forma Financial Information The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus include assumptions that provide a reasonable basis for presenting the significant effects directly attributable to the transactions and events described therein, the related pro forma adjustments give appropriate effect to those assumptions, and the pro forma adjustments reflect the proper application of those adjustments to the historical financial statements amounts in the pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus. The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus comply as to form in all material respects with the application requirements of Regulation S-X under the Exchange Act.