Approved Annual Business Plan definition

Approved Annual Business Plan means, at any time, the Annual Business Plan as then approved by Owner in accordance with SECTION 2.9.

Approved Annual Business Plan means an annual financial and business plan prepared by the Debtors for each calendar year through the maturity of the Exit Facilities with the initial Approved Annual Business Plan to be filed as part of the Plan Supplement, with the content thereof subject to approval by Requisite Consenting Lenders, which plan may be updated by the Debtors within forty-five (45) days after the end of any fiscal quarter subject to the approval of such update by the Agent, and in any event which shall be updated on an annual basis within one hundred and twenty (120) days after the end of each fiscal year.

Approved Annual Business Plan has the meaning given to such term in Section 8.1(a)(xxiv).

Examples of Approved Annual Business Plan in a sentence

• In accordance with Article 7, Pinnacle will pay out of the Operating Account the operating expenses of the Project and any other payments relating to the Project required by the terms of this Agreement or set forth in the Approved Annual Business Plan.

• Unless otherwise provided herein or approved by Owner in writing, Manager shall, at the expense of Owner, in accordance with the Approved Annual Business Plan and Budget, duly and punctually pay and perform on behalf of Owner all obligations under the Contracts and enforce and preserve the rights of the contracting party and the obligations of the other parties under such Contracts, but Manager shall have no obligation to expend its own funds therefor.

• If the cost of compliance exceeds the Approved Annual Business Plan and Budget and is not an Emergency, Manager shall not take any action with respect to such violation except to notify Owner promptly and obtain Owner’s approval prior to authorizing the expenditure.

• Manager shall have the right to arrange for the purchase by Owner, at Owner’s expense, in an economical and efficient manner of all inventories, supplies and equipment which, in the ordinary course of business, are commercially reasonably necessary and appropriate to maintain and operate each Property in accordance with the Standards of Conduct and the Approved Annual Business Plan and Budget (subject to Permitted Variances).

• Manager shall perform property management services, including those services more specifically described in this Agreement (collectively, the “Services”) in accordance with the Approved Annual Business Plan and Budget (subject to Permitted Variances), the Standards of Conduct and the other terms and conditions of this Agreement.

More Definitions of Approved Annual Business Plan

Approved Annual Business Plan has the meaning ascribed to such term in Section 6.13.3 of this Agreement.

Approved Annual Business Plan means the Annual Business Plan (including the Approved Budget) in effect at any time as approved by the Redeemable Preferred Directors.

Approved Annual Business Plan means an Annual Business Plan that, in its entirety, has received Board Approval. An Approved Annual Budget shall be deemed to constitute an Approved Annual Business Plan with respect to the corresponding Budget Year unless a separate Annual Business Plan receives Board Approval.

Approved Annual Business Plan has the meaning ascribed to such term in the Company Agreement.

Approved Annual Business Plan means an Annual Business Plan that has been submitted by the Sharyland Member and Approved by the TDC Member in accordance with Section 8.1.

Approved Annual Business Plan means, as of the date of determination, the then-current Annual Business Plan, as and to the extent Approved (or deemed Approved) in accordance herewith.

Approved Annual Business Plan means an annual financial and business plan prepared by the Borrowers for each calendar year through the maturity of the Facilities delivered on the closing date and subject to reasonable approval by Requisite Lenders. The annual business plan may be updated by the Borrowers within 45 days after the end of any fiscal quarter subject to the reasonable approval of such update by the administrative agent, and in any event shall be updated on annual basis within 120 days after the end of each fiscal year.