Annual Budget and Business Plan. (a) On or prior to October 31st of each calendar year, the TAM CEO and the TAM CFO shall prepare or cause to be prepared, and shall submit for approval of the TAM Board, (i) a proposed annual budget and business plan (each, an “Annual Budget and Business Plan”) for the upcoming Fiscal Year and (ii) a proposed five-year business plan for the next five Fiscal Years (each, a “Multi-Year Business Plan”), in each case for TAM and its Subsidiaries on a consolidated basis and for Multiplus S.A. on a stand-alone basis. Each of the proposed Annual Budget and Business Plan and Multi-Year Business Plan shall include all of the applicable items set forth in Schedule 3.06 and be in a format acceptable to the TAM Board.
Annual Budget and Business Plan. The Company shall provide each Major Investor as soon as practicable, but in any event at least thirty (30) days prior to the end of each fiscal year, a budget and business plan for the next fiscal year, prepared on a monthly basis, including balance sheets, projected profit or loss for the year and sources and applications of funds statements for such months, and as soon as prepared, any other budgets or revised budgets prepared by the Company.
Annual Budget and Business Plan. The annual budget and business plan for the current Fiscal Year and the business plan for the next five Fiscal Years of Holdco 1 (collectively, the “Holdco 1 Plans”) at all times shall be identical to the annual budget and business plan and the five-year business plan for the next five fiscal years then in effect for TAM and its Subsidiaries. The Holdco 1 Board shall cause Holdco 1 and its Subsidiaries to operate in accordance with, and the officers and employees of Holdco 1 and its Subsidiaries to implement, the Holdco 1 Plans and shall conduct, or cause to be conducted, the business of Holdco 1 and its Subsidiaries in accordance with any such Holdco 1 Plans.
Annual Budget and Business Plan. (a) As soon as practicable, but in any event at least thirty (30) days before the end of each fiscal year of the Company, management of the Company shall deliver to the Board and each Major Stockholder a budget and business plan for the next fiscal year (as to each fiscal
Annual Budget and Business Plan. Prior to the beginning of each fiscal year, the Board shall prepare a business plan and budget for the succeeding fiscal year that shall be approved by the holders of (i) a majority of the Series A Preferred Stock, voting as a separate class, or (ii) if a majority of the outstanding aggregate principal amount of Collective Senior Notes shall not have been converted into Series A Preferred Stock at such time, a majority of the then outstanding aggregate principal balance of the Collective Senior Notes.
Annual Budget and Business Plan. Furnish to such Investors ------------------------------- as soon as practicable and in any event no later 30 days after the close of each fiscal year of the Company, an annual operating plan and budget, prepared on such basis as the Company deems reasonable (but including quarterly forecasts), for the next immediate fiscal year.
Annual Budget and Business Plan. Not later than 60 days prior to the end of each fiscal year (commencing with the Annual Budget and Business Plan for the fiscal year ending June 30, 1998), the CEO and CFO shall prepare or cause to be prepared and present to the JVC Board of Directors a business plan (the “Annual Budget and Business Plan”) for the succeeding fiscal year. The Annual Budget and Business Plan shall include a budget of capital expenditures, expenses, a cash flow forecast, amounts to be financed through Member equity contributions, Member loans and third party borrowings and such other matters as the Board of Directors deems appropriate. Each Business Plan shall include a five year business and marketing plan for the JVC which shall set forth pro-forma balance sheets, income statements, cash flow projections and capital budgets on a quarterly basis for the first year and on an annual basis for the following four years. The Annual Budget and Business Plan shall also include production and personnel plans and such other matters as the JVC Board of Directors deems appropriate. Each Annual Budget and Business Plan, as it may be amended, shall be approved by the JVC Board of Directors not later than 30 days prior to the end of the fiscal year covered by the then current Annual Budget and Business Plan. The Annual Budget and Business Plan approved shall not be changed without the approval of the JVC Board of Directors. The CEO and CFO shall at all times use their best efforts to conduct the operations of the JVC pursuant to the Annual Budget and Business Plan adopted by the JVC Board of Directors. Within thirty (30) days of the end of each fiscal year (commencing with the fiscal year ending June 30, 1998) of the JVC, the CEO and CFO will analyze any variance between the actual and planned performance under the Annual Budget and Business Plan and report to the JVC Board of Directors the results of such analysis.
Annual Budget and Business Plan. So long as an Investor (and its affiliates) holds at least 100,000 shares of the Company’s Preferred Stock (or Common Stock issued or issuable upon conversion of Preferred Stock, or combination thereof), the Company shall provide, as soon as practicable, but in any event thirty (30) days prior to the end of each fiscal year, a budget and business plan for the next fiscal year, prepared on a monthly basis, including balance sheets and sources and applications of funds statements for such months, and as soon as prepared, any other budgets or revised budgets prepared by the Company.
Annual Budget and Business Plan an annual budget and business plan for the succeeding fiscal year for the Company Group, setting forth the projected balance sheets, income statements and statements of cash flows for each month during such period; the projected budget for operation of business; any dividend or distribution to be declared or paid; the projected incurrence, assumption or refinancing of indebtedness; projected revenue and profit for each month during such period; merger, consolidation, reorganization, or amalgamation of any Group Company with or into any other Person or any scheme of arrangement or other business combination with or into any other Person; all payments projected to be made not in the ordinary course of business of any of the Group Companies; and all other material matters relating to the operation, development and business of the Group Companies;
Annual Budget and Business Plan. (a) The Board, together with the board of the US Acquisition Co. shall cause the Westinghouse Group to prepare an annual budget (the “Annual Budget”) in accordance with a calendar to be set by Toshiba from time to time to schedule the preparation of an annual budget of Toshiba and its Affiliates (the “Toshiba Budget Calendar”). The initial Annual Budget shall be prepared, as soon as practicable after the PSA Closing and shall be promptly delivered thereafter to the Shareholders. The Owner Board shall be responsible for monitoring the implementation of the Annual Budget at least once every fiscal quarter.
