Common use of Updated Financial Model Clause in Contracts

Updated Financial Model. At least five (5) Business Days prior to the proposed date of a Credit Extension for a Delayed Draw Term Loan, the Borrower shall deliver to the Administrative Agent an updated Base Case Lender Financial Model updated by the Borrower solely to reflect revisions as are necessary to take into account changes with respect to the interest rate included in the Base Case Lender Financial Model since the date of the last delivery of the Base Case Lender Financial Model and such other changes (including a revised amortization schedule, which shall replace Schedule III) as the Borrower and the Administrative Agent may mutually agree and showing that (after giving pro forma effect to any reduction of the Delayed Draw Term Loan Commitments and any Credit Extensions to be made on such date), the total amount of Term Loans outstanding hereunder (after giving pro forma effect to any Credit Extensions to be made on such date) would satisfy the Debt Sizing Criteria (as determined by reference to such updated Base Case Lender Financial Model).

Updated Financial Model. At least five (5) Business Days prior to the proposed date of a Credit Extension for a Delayed Draw Term Loan, the Borrower shall deliver to the Administrative Agent an updated Base Case Lender Financial Model updated by the Borrower solely to reflect revisions as are necessary to take into account changes with respect to the interest rate included in the Base Case Lender Financial Model since the date of the last delivery of the Base Case Lender Financial Model and such other changes (including a revised amortization schedule, which shall replace Schedule III) as the Borrower and the Administrative Agent may mutually agree and showing that (after giving pro forma effect to any reduction of the Delayed Draw Term Loan Commitments and any Credit Extensions to be made on such date), the total amount of Term Loans outstanding hereunder (after giving pro forma effect to any Credit Extensions to be made on such date) would satisfy the Debt Sizing Criteria Parameters (as determined by reference to such updated Base Case Lender Financial Model).