Annual Budget and Program Sample Clauses

Annual Budget and Program. CDT shall prepare and deliver to Owner no later than November 1st of each year (except for the first full or partial Fiscal Year when CDT shall prepare and deliver to Owner no later than thirty (30) days after the Effective Date) for the following Fiscal Year: (a) an Annual Operating Budget, including revenues and operating expenses and labor burden (to include rates of pay, in- centive or commission structures) for each department of the Centers; a xxxxxxx- xxxx buying plan for the pro shops; a comparison to the annual operating budget for the immediately preceding year and a projection of anticipated monthly reve- nues and expenses and cash flows for the Centers for the following Fiscal Year, including, without limitation, a reasonable contingency and anticipated working capital requirements for the Centers for the year; (b) a recommended capital ex- penditures budget for the next Fiscal Year; (c) a Policies and Procedures Outline for the Centers, including, without limitation, operating policies, proposed hours of operation, policies related to complimentary court use by Owner’s representatives and employees, standards for operations and quality of service standards; (d) an Agronomic Plan including staffing assumptions, chemical and fertilization applica- tions including planned agronomic practices; (e) Marketing Plan as described in Paragraph 4(G) (collectively, the “Annual Budget and Program”). CDT and Owner shall use their mutual best efforts to agree upon the Annual Budget and Program for the following year on or before Fiscal Year end. Owner shall have the final approval and final decision-making authority over the Annual Budget and Program. Owner shall provide CDT written confirmation of its approval of the An- nual Budget and Program within thirty (30) days of CDT’s submission of the Annual Budget and Program to Owner. If the Owner does not provide the written confir- mation or rejection within the aforementioned thirty (30) day period, the Annual Budget and Program shall be deemed approved. Owner acknowledges that the financial and operational performance of the Cen- ters could be affected by circumstances or events beyond CDT’s control. CDT shall not be deemed to have made any guarantee, warranty, or representation with the Annual Budget and Program. Under no circumstances shall Owner have any claim or cause of action against CDT in the event that the financial goals, targets, and benchmarks established in the Annual Budget and Program are not ...
Sample 1
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Annual Budget and Program. The Operator shall prepare and deliver to the Management Committee for approval an Annual Budget and Program for each JV Year by no later than 15 August; provided that the Annual Budget and Program for the first JV Year shall be delivered within 30 days following the JV Commencement Date. The Management Committee shall consider in good faith any comments of Xxxxxxx or the Third Party, as applicable, in respect of any Annual Budget and Program, but shall have ultimate decision making power with respect to the Annual Budget and Program.
Sample 1
Annual Budget and Program. Documents presented by Antares for the operation of the Courses to the Owner as part of the Owner’s annual budget process, including but not limited to the following: Annual Business Plan and Operating Budget, Agronomic Plan and Marketing Plan.
Sample 1

Related to Annual Budget and Program

  • Annual Budget Prior to the Closing Date, Borrower has submitted and Lender has approved an Annual Budget for the 2014 calendar year (the “Approved Initial Budget”). Borrower shall submit to Lender by November 1 of each year the Annual Budget relating to the Properties for the succeeding calendar year. During the continuance of a Cash Sweep Period, Lender shall have the right to approve each Annual Budget (which approval shall not be unreasonably, conditioned or delayed withheld so long as no Event of Default is continuing). An Annual Budget approved by Lender during a Cash Sweep Period or any Annual Budget submitted prior to the commencement of a Cash Sweep Period, shall each hereinafter be referred to as an “Approved Annual Budget”. In the event of a Transfer of any Property the Approved Annual Budget shall be reduced as reasonably determined by Lender in consultation with Borrower in order to reflect the removal of such Property and the Operating Expenses associated therewith; provided, further, that no such reduction shall be made in the event such Transfer is made in connection with a substitution under Section 2.4.2(a). If Lender has the right to approve an Annual Budget pursuant to this Section 4.3.2, neither Borrower nor Manager shall change or modify the Annual Budget that has been approved by Lender without the prior written consent of Lender (which consent shall not be unreasonably withheld, conditioned or delayed so long as no Event of Default is continuing). The “Monthly Budgeted Amount” for each Payment Date shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the Interest Period related to such Payment Date, but excluding management fees, Property Taxes that are required to be deposited into the Tax Subaccount pursuant to Section 6.1 and Insurance Premiums that are required to be deposited into the Insurance Subaccount pursuant to Section 6.2. If during any Cash Sweep Period, Borrower has submitted an Annual Budget and such Annual Budget has not been approved prior to the commencement of the calendar year to which such budget relates then the previous Approved Annual Budget shall continue to be deemed to be the Approved Annual Budget for that calendar year.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Annual Operating Budget and Financial Projections Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Operating Plan To Agent and Lenders, as soon as available, but not later than thirty (30) days after the end of each Fiscal Year, an annual combined operating plan (the "Operating Plan") for Parent and its Subsidiaries, approved by the Board of Directors of Parent, for the following Fiscal Year, which (i) includes a statement of all of the material assumptions on which such plan is based, (ii) includes projected monthly income statement, balance sheets and source and use of funds for the following year and (iii) Borrowing Availability projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management's good faith estimates of future financial performance based on historical performance), and including plans for personnel, Capital Expenditures and facilities.

  • Budget Schedule Subrecipient agrees that the expenditures of any and all funds under this Contract will be in accordance with the Budget Schedule, a copy of which is attached hereto as Attachment C, and which by this reference is incorporated herein and made a part hereof as if fully set forth.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1999-2006 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through the final maturity of the Term Loans.

  • Final Plans When authorized by the CITY prepare final plans for the PROJECT based upon com- ments as agreed upon as a result of the office check review. Major items of work included in devel- opment of final plans are: (a) Prepare engineering plans (which shall include construction sequencing and traffic con- trol), supplemental specifications, special provisions and construction cost estimates, or esti- mates of the quantities of work for the PROJECT.

  • Annual Plan On or before November 1 of each calendar year during the Term, Manager shall prepare and submit to Owner for its approval a proposed annual plan for the promotion, operation, leasing, repair and maintenance of the Project for each calendar year (the "Proposed Annual Plan"). For purposes of this Agreement, a "Fiscal Year" shall mean a calendar year beginning on the first day of January and ending on the last day of December. The Annual Plan for the remaining portion of Fiscal Year 2003 is attached hereto as Exhibit "A".

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