Annual Budget and Operating Plan. As soon as available, but in any event not later than thirty (30) days prior to the end of each fiscal year of the Company, the annual budget and operating plan of the Company and its Subsidiaries for the next succeeding fiscal year, including but not limited to cash flow and balance sheet projections, capital budget and operating budget, calculated monthly, and any updates or revisions as soon as available.
Annual Budget and Operating Plan. (a) Not later than 120 days prior to the beginning of each Operating Year, Operator shall submit to the Management Committee for its review and approval the proposed Annual Budget for that Operating Year. The Annual Budget shall be itemized on a monthly cash flow basis and incorporate all proposed Budgeted Expenses, which shall include all anticipated costs and expenditures that Operator estimates will be incurred during the applicable Operating Year in connection with any capital expenditures and the operation and maintenance of the Project and the provision of the Commercial Operation Phase Services. Budgeted Expenses shall include the following costs and expenditures:
Annual Budget and Operating Plan. 17 Section 6.1
Annual Budget and Operating Plan. (a) The Annual Budget and Operating Plan for the first Operating Year shall be the budget attached hereto as Schedule 6.1, as the same may be amended by mutual consent, subject to any approval rights of the Financing Parties or Independent Engineer set forth in the Financing Documents.
Annual Budget and Operating Plan. (i) As soon as available and in any event not less than 45 days prior to the commencement of the Fiscal Year to which it relates, an annual budget and operating plan (the “Annual Budget and Operating Plan”), including a statement of monthly projected production, projected operating expenses, Capital Expenditures and quarterly cash flows of the Borrower and its Subsidiaries on a Consolidated basis. Each Annual Budget and Operating Plan shall be accompanied by a certificate of the Borrower signed by a duly authorized officer of the Borrower certifying that, to the best of such officer’s knowledge, the budget is a reasonable estimate for the period covered thereby and is in compliance with this Section 5.03(l).
Annual Budget and Operating Plan. On or before each December 15th during the term of this Agreement with respect to the next, entire Fiscal Year (e.g., on or before December 15, 2005, with respect to the next entire Fiscal Year commencing on January 1, 2006), Manager will prepare for the consideration and adoption of the Board a proposed annual operating, capital expenditure, maintenance and acquisition budget, and shall from time to time propose such amendments thereof as the Manager deems necessary and appropriate (collectively, the “Annual Budget”). Such Annual Budget shall set forth on a monthly basis the estimated receipts and expenditures (capital, operating and other) of Reserves in sufficient detail to provide an estimate of net income, taxable income, cash flow, capital proceeds and other financial requirements of Reserves for such year. The general and administrative expense estimates of such Annual Budget will be provided separately and broken out in detail in a line item format. Each Annual Budget shall also include such other information or other matters reasonably necessary in order to enable the Board to make an informed decision with respect to approval of such Annual Budget. Following any calendar quarter, the Manager may propose changes to any Annual Budget (or any line item therein) previously submitted to the Board, and the Board will consider any such proposed changes at its next scheduled meeting.
Annual Budget and Operating Plan. On or before each December 15th during the term of this Agreement with respect to the next, entire Fiscal Year (e.g., on or before December 15, 2005, with respect to the next entire Fiscal Year commencing on January 1, 2006), Manager will prepare for the consideration and adoption of the Board a proposed annual operating budget, and shall from time to time propose such amendments thereof as the Manager deems necessary and appropriate (collectively, the “Annual Budget”). Such Annual Budget shall set forth on a monthly basis the estimated receipts and expenditures of EEP in sufficient detail to provide an estimate of net income, taxable income, cash flow and other financial requirements of EEP for such year. The general and administrative expense estimates of such Annual Budget will be provided separately and broken out in detail in line item format. Each Annual Budget shall also include such other information or other matters reasonably necessary in order to enable the Board to make an informed decision with respect to approval of such Annual Budget. Following any fiscal quarter, the Manager may propose changes to any Annual Budget (or any line item therein) previously submitted to the Board, and the Board will consider any such proposed changes at the its next scheduled meeting.
Annual Budget and Operating Plan. Deliver to the Administrative Agent and the Technical Agent an annual budget and operating plan, including a statement of projected Project Revenues and Operating Costs on an individual line item basis and Debt Service for the Fiscal Year to which it relates (the “Annual Budget and Operating Plan”), no later than thirty (30) days after the commencement of the Fiscal Year to which it relates. Each Annual Budget and Operating Plan shall be accompanied by an Officer’s Certificate of the Borrower stating that the budget is a reasonable estimate for the period covered thereby and is in compliance with the requirements of this Section 9.01(c).
Annual Budget and Operating Plan. Operator shall prepare the Annual Budget and Operating Plan for the Facility in cooperation with the Operating Committee as set forth in the Joint Ownership Agreement.
Annual Budget and Operating Plan. As soon as available and in any event within ninety (90) days after the close of each fiscal year of the Borrower, the annual budget and operating plan of Borrower;
