Adjustment to Company Produced Programming Budget and Marketing Budget Sample Clauses

Adjustment to Company Produced Programming Budget and Marketing Budget. In the event that the Company would be unable to meet its obligations as they become due if it met its payment obligations to PEGI pursuant to the Program Supply Agreement (a “Shortfall”), the Management Committee, in its sole discretion, may reduce the amount of the annual Company Produced Programming Budget and annual Marketing Budget by an amount equal to the Shortfall in order to allow the Company to make such payments to PEGI (a “Required Expenditure Adjustment”); provided, however, except for payments required to be made pursuant to the Playboy Lifestyle Note, the Management Committee shall cause any payments made to PEGI or Lifford and their respective Affiliates or members of the Cxxxxxxx Group, thereafter to be reduced pari passu with such Required Expenditure Adjustment; provided, further, that if the cash flow provided from operations of the Company after any Required Expenditure Adjustment is sufficient to enable the Company to make all or any part of the annual Company Produced Programming Budget or annual Marketing Budget in effect prior to such Required Expenditure Adjustment, then the Company shall fund the maximum possible local Company Produced Programming Budget and Marketing Budget until such initial annual required Company Produced Programming Budget or annual Marketing Budget has been met. The Management Committee shall make no more than two (2) such Required Expenditure Adjustments during the Term.
Sample 1
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Adjustment to Company Produced Programming Budget and Marketing Budget. In the event that the Company would be unable to meet its obligations as they become due if it met its payment obligations to PEGI pursuant to the Program Supply Agreement (a "SHORTFALL"), the Management Committee, in its sole discretion, may reduce the amount of the annual Company Produced Programming Budget and annual Marketing Budget by an amount equal to the Shortfall in order to allow the Company to make such payments to PEGI (a "REQUIRED EXPENDITURE ADJUSTMENT"); provided, however, that the Management Committee shall cause any payments made to PEGI or Lifford and their respective Affiliates or members of the Xxxxxxx Group, thereafter to be reduced pari passu with such Required Expenditure Adjustment; provided, further, that if the cash flow provided from operations of the Company after any Required Expenditure Adjustment is sufficient to enable the Company to make all or any part of the annual Company Produced Programming Budget or annual Marketing Budget in effect prior to such Required Expenditure Adjustment, then the Company shall fund the maximum possible local Company Produced Programming Budget and Marketing Budget until such initial annual required Company Produced Programming Budget or annual Marketing Budget has been met. The Management Committee shall make no more than two (2) such Required Expenditure Adjustments during the Term.
Sample 1
Adjustment to Company Produced Programming Budget and Marketing Budget. In the event that the Company would be unable to meet its obligations as they become due if it met its payment obligations to PEGI pursuant to the Program Supply Agreement (a "Shortfall"), the Management Committee, in its sole discretion, may reduce the amount of the annual Company Produced Programming Budget and annual Marketing Budget by an amount equal to the Shortfall in order to allow the Company to make such payments to PEGI (a "Required Expenditure Adjustment"); provided, however, that the Management Committee shall cause any payments made to PEGI or Lifford and their respective Affiliates or members of the Cisnero Group, thereafter to be reduced pari passu with such Requixxx Xxxenditure Adjustment; provided, further, that if the cash flow provided from operations of the Company after any Required Expenditure Adjustment is sufficient to enable the Company to make all or any part of the annual Company Produced Programming Budget or annual Marketing Budget in effect prior to such Required Expenditure Adjustment, then the Company shall fund the maximum possible local Company Produced Programming Budget and Marketing Budget until such initial annual required Company Produced Programming Budget or annual Marketing Budget has been met. The Management Committee shall make no more than two (2) such Required Expenditure Adjustments during the Term.
Sample 1

Related to Adjustment to Company Produced Programming Budget and Marketing Budget

  • Annual Business Plan and Budget As soon as practicable and in any event not later than thirty (30) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four (4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet, calculations demonstrating projected compliance with the financial covenants set forth in Section 9.15 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period.

  • Annual Business Plan and Budgets As soon as available but in any event no later than 45 days following the end of each fiscal year of the Borrower, an annual business plan and budget of the Consolidated Parties containing, among other things, pro forma financial statements for the next four fiscal quarters and the next fiscal year.

  • Annual Business Plan As soon as available and in any event no later than 120 days after the end of each Fiscal Year, a Business Plan.

  • Business Plan and Budget To the extent requested by any Initial Lender, as soon as available, but in any event within thirty (30) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form satisfactory to such Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a monthly basis for the immediately following fiscal year. As to any information contained in materials filed with the SEC or furnished pursuant to Section 6.2(f), the Borrower shall not be separately required to furnish such information under Section 6.1(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.1(a) and (b) above at the times specified therein.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 2005 through 2011 and a satisfactory written analysis of the business and prospects of the Borrowers and their Subsidiaries for the period from the Effective Date through the final maturity of the Term Loans.

  • Marketing Plans 1. The MCO shall develop a marketing plan that meets SDOH guidelines and any local requirements as approved by the State Department of Health (SDOH).

  • Marketing Plan The Contractor shall have a Marketing Plan, that has been prior-approved by the SDOH and/or LDSS, that describes the Marketing activities the Contractor will undertake within the local district during the term of this Agreement. The Marketing Plan and all marketing activities must be consistent with the Marketing Guidelines which are set forth in Appendix D, which is hereby made a part of this Agreement as if set forth fully herein. The Marketing Plan shall be kept on file in the offices of the Contractor, LDSS, and the SDOH. The Marketing Plan may be modified by the Contractor subject to prior written approval by the SDOH and/or the LDSS. The LDSS or SDOH must take action on the changes submitted within sixty (60) calendar days of submission or the Contractor may deem the changes approved.

  • Commercialization Plan On a Product by Product basis, not later than sixty (60) days after the filing of the first application for Regulatory Approval of a Product in the Copromotion Territory, the MSC shall prepare and approve a rolling multiyear (not less than three (3) years) plan for Commercializing such Product in the Copromotion Territory (the "Copromotion Territory Commercialization Plan"), which plan includes a comprehensive market development, marketing, sales, supply and distribution strategy for such Product in the Copromotion Territory. The Copromotion Territory Commercialization Plan shall be updated by the MSC at least once each calendar year such that it addresses no less than the three (3) upcoming years. Not later than thirty (30) days after the filing of the first application for Regulatory Approval of a Product in the Copromotion Territory and thereafter on or before September 30 of each calendar year, the MSC shall prepare an annual commercialization plan and budget (the "Annual Commercialization Plan and Budget"), which plan is based on the then current Copromotion Territory Commercialization Plan and includes a comprehensive market development, marketing, sales, supply and distribution strategy, including an overall budget for anticipated marketing, promotion and sales efforts in the upcoming calendar year (the first such Annual Development Plan and Budget shall cover the remainder of the calendar year in which such Product is anticipated to be approved plus the first full calendar year thereafter). The Annual Commercialization Plan and Budget will specify which Target Markets and distribution channels each Party shall devote its respective Promotion efforts towards, the personnel and other resources to be devoted by each Party to such efforts, the number and positioning of Details to be performed by each Party, as well as market and sales forecasts and related operating expenses, for the Product in each country of the Copromotion Territory, and budgets for projected Pre-Marketing Expenses, Sales and Marketing Expenses and Post-Approval Research and Regulatory Expenses. In preparing and updating the Copromotion Territory Commercialization Plan and each Annual Commercialization Plan and Budget, the MSC will take into consideration factors such as market conditions, regulatory issues and competition.

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Business Plans The Approved Full-Term Operating Business -------------- Plan and Approved Annual Operating Business Plan, if any, have been prepared in all material respects in accordance with GAAP (except for the treatment of Indebtedness owing to the FCC, which has been reflected in such plans at historical cost).

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