Common use of Yearly Reports Clause in Contracts

Yearly Reports. In conjunction with the delivery of the annual presentation of projections or budgets referred to in subsection (c) above, a letter signed by the Chief Executive Officer of Borrower, describing, comparing and analyzing, in reasonable detail, all changes and developments between the anticipated financial results included in such projections or budgets for the prior Fiscal Year and the historical financial statements of Borrower for such prior Fiscal Year.