Common use of Variances From Operating Budget Clause in Contracts

Variances From Operating Budget. Furnish Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each quarterly and monthly report, a written report summarizing all material variances from budgets submitted by the Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)

Variances From Operating Budget. Furnish Term B Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each quarterly and monthly report, a written report summarizing all material variances from budgets submitted by the Borrower pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Sources: Term Loan and Security Agreement (Air Industries Group, Inc.)

Variances From Operating Budget. Furnish Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 through Section 9.9 and each quarterly and monthly report, a written report summarizing all material variances from budgets submitted by the Borrower Borrowers pursuant to Section 9.12 9.13 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Sources: Credit and Security Agreement (Canisco Resources Inc)

Variances From Operating Budget. Furnish Lender, concurrently with the delivery of the financial statements referred to in Section 9.7 and each quarterly and monthly report, a written report summarizing all material variances from budgets submitted by the Borrower Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)