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.
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Samples: Shareholders Agreement (Lan Airlines SA), Shareholders Agreement (Lan Airlines SA), Shareholders Agreement
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 I (collectively, the “Holdco 1 I 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 I Board shall cause Holdco 1 I and its Subsidiaries to operate in accordance with, and the officers and employees of Holdco 1 I and its Subsidiaries to implement, the Holdco 1 I Plans and shall conduct, or cause to be conducted, the business of Holdco 1 I and its Subsidiaries in accordance with any such Holdco 1 I Plans.. SC1:2502057.9
Appears in 1 contract
Samples: Shareholders Agreement (Tam S.A.)
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 I (collectively, the “Holdco 1 I 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 I Board shall cause Holdco 1 I and its Subsidiaries to operate in accordance with, and the officers and employees of Holdco 1 I and its Subsidiaries to implement, the Holdco 1 I Plans and shall conduct, or cause to be conducted, the business of Holdco 1 I and its Subsidiaries in accordance with any such Holdco 1 I Plans.
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