Common use of Projections Clause in Contracts

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2006 to October, 2002 2010 fiscal years, copies of which have been delivered to each BankLender, disclose all major assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated Consolidated basis, balance sheets and cash flow statements for the October, 1998 2015 to October, 2002 2019 fiscal years, copies of which have been delivered to each Bankthe Administrative Agent, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any Credit Parties as of its Subsidiariesthe date hereof, no facts exist that (individually or in the aggregate) would result in any material change in any of such projectionsprojections or the pro forma balance sheet. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 1997 through 2002 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein, it being understood that the projections are not guaranties of results and that actual results will vary from the projections.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2000 to October, 2002 2004 fiscal yearsyears of the Borrower, copies of which have been delivered to each Bank, disclose all material assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2000 to October, 2002 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets ----------- of the Borrower and its Subsidiaries on a consolidated combined basis, balance sheets and cash flow statements for the October, 1998 1997 to October, 2002 2000 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries (as of the date thereof) of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2001 to October, 2002 2003 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries (other than Credident) on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 1996 and 1997 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years2006 Fiscal Year, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Holding Company and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 1997 to October, 2002 2003 fiscal years, copies of which have been delivered to each BankLender, disclose all material assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the best knowledge of the Borrower or any of Holding Company and its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Holding Company and each of its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets and operating cash flow through fiscal year 2006 of the Borrower and its Subsidiaries on a consolidated and consolidating basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years, copies of which have been previously delivered to each Bankthe Banks (the "Projections"), disclose all material assumptions made with respect to general economic, financial and market conditions used in formulating such projectionsthe Projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projectionsthe Projections. The projections Projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2000 fiscal yearsyear, copies of which have been delivered to each Bank, disclose all material assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets budgets, balance sheets and cash flow statements of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 1997 to October, 2002 2000 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2003 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Guarantor and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2012 to October, 2002 2015 fiscal years, copies of which have been delivered to each BankLender, disclose all major assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of Guarantor and its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Guarantor and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections projections, dated July, 1998 of the annual operating budgets and operating cash flow of the Borrower and its Subsidiaries Subsidiaries, on a consolidated and consolidating basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2007 fiscal years, copies of which have been delivered to each Bankare attached hereto as Exhibit F (the "Projections"), disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projectionsthe Projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projectionsthe Projections. The projections Projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Borrowers and its their Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2006 to October, 2002 2008 fiscal years, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its SubsidiariesBorrowers, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Borrowers and its their Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating ----------- budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2004 fiscal years, copies of which have been delivered to each Bank, disclose all Bank and have been made in good faith on the basis of the assumptions made with respect to general economic, financial and market conditions used in formulating such projectionsdisclosed therein. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The There has been furnished to each of the Lenders copies of the projections of (i) the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, (ii) balance sheets and (iii) cash flow statements for the October, 1998 to October, 2002 2005 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2004 to October, 2002 fiscal years2006 Fiscal Years, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating ----------- budgets of the Borrower and its Subsidiaries on a consolidated combined basis, balance sheets and cash flow statements for the October, 1998 1997 to October, 2002 2000 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries (as of the date thereof) of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of Holdings, the Borrower and its their Subsidiaries on a consolidated basis, including balance sheets and cash flow statements for the October, 1998 to October, 1997 through 2002 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of Holdings, the Borrower or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of Holdings, the Borrower and its their Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2000 and 2001 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Borrowers and its their Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economicbusiness, financial and market conditions 65 -57- used in formulating such projections. To the knowledge of any of the Borrower Borrowers or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Borrowers and its their Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 1997 to October, 2002 2000 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein, it being understood that the projections are not guaranties of results and that actual results will vary from the projections.

Projections. The projections of the annual operating budgets of the Borrower Guarantor and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2016 to October, 2002 2018 fiscal years, copies of which have been delivered to each BankLender, disclose all major assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of Guarantor and its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Guarantor and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Company and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to Octoberperiod from January 28, 2002 fiscal yearsthrough January 23, 2005, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of any of the Borrower Lessees, the Guarantors or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Company and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2004 to October, 2002 2005 fiscal or financial years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets budgets, balance sheets and cash flow statements of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets and operating cash flow through fiscal year 2010 of the Borrower and its Subsidiaries on a consolidated and consolidating basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years, copies of which have been previously delivered to each Bankthe Banks (the "Projections"), disclose all material assumptions made with respect to general economic, financial and market conditions used in formulating such projectionsthe Projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projectionsthe Projections. The projections Projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 1997 to October, 2002 1999 fiscal yearsyears updated as of the Closing Date, copies of which have been delivered to each Bankthe Agent, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2002 to October, 2002 2004 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Borrowers and its their Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2007 – 2012 fiscal years, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower Borrowers or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries Borrowers of the results of operations and other information projected therein. There are no contingent liabilities of the Borrowers or their Subsidiaries as of the Closing Date involving material amounts, known to the officers of the Borrowers.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2005 to October, 2002 2009 fiscal years, copies of which have been delivered to each BankLender, disclose all major assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower ▇▇▇▇▇▇ US and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2006 to October, 2002 2010 fiscal yearsyears of ▇▇▇▇▇▇ US, copies of which have been delivered to each the Bank, disclose all material assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower ▇▇▇▇▇▇ US or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower ▇▇▇▇▇▇ US and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated combined basis, balance sheets and cash flow statements for the October, 1998 1997 to October, 2002 2000 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries (as of the date thereof) of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets ----------- of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 1999 to October, 2002 2003 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Borrowers and its their Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2010 – 2015 fiscal years, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower Borrowers or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries Borrowers of the results of operations and other information projected therein. There are no contingent liabilities of the Borrowers or their Subsidiaries as of the Closing Date involving material amounts, known to the officers of the Borrowers.

Projections. The projections of the annual operating budgets of ----------- the Borrower Borrowers and its their Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2002 to October, 2002 2005 fiscal years, copies of which have been delivered to each BankLender, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower Borrowers or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Borrowers and its their Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets ----------- of Holdings, the Borrower and its their Subsidiaries on a consolidated basis, including balance sheets and cash flow statements for the October, 1998 to October, 1999 through 2002 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of Holdings, the Borrower or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of Holdings, the Borrower and its their Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 2000 to October, 2002 2001 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower and its Subsidiaries (other than Credident) on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 and 1999 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of the Borrower or any of its Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower and its Subsidiaries of the results of operations and other information projected therein.

Projections. The projections of the annual operating budgets of the Borrower Borrowers and its their Subsidiaries on a consolidated basis, balance sheets and cash flow statements for the October, 1998 to October, 2002 2001 fiscal years, copies of which have been delivered to each Bank, disclose all assumptions made with respect to general economic, financial and market conditions used in formulating such projections. To the knowledge of any of the Borrower Borrowers or any of its their Subsidiaries, no facts exist that (individually or in the aggregate) would result in any material change in any of such projections. The projections are based upon reasonable estimates and assumptions, have been prepared on the basis of the assumptions stated therein and reflect the reasonable estimates of the Borrower Borrowers and its their Subsidiaries of the results of operations and other information projected therein.