The Lenders shall have received (i) audited consolidated financial statements of the Borrower for the fiscal year ended December 31, 2016, (ii) unaudited interim consolidated financial statements of the Borrower for each fiscal quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (i) of this paragraph as to which such financial statements are available, and such financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any material adverse change in the consolidated financial condition of the Borrower, as reflected in the audited, consolidated financial statements described in clause (i) of this paragraph and (iii) satisfactory quarterly projections for the Borrower’s fiscal year ending December 31, 2018, and annual projections for each of the Borrower’s fiscal years thereafter, through and including the Borrower’s fiscal year ending December 31, 2021.