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. 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
Annual Budget and Program. Documents presented by CDT for the operation of the Centers 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
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

Related to Annual Budget and Program

  • Annual Budget (a) The Company and its Subsidiaries shall be operated in accordance with an annual budget, as it may be annually updated from time to time pursuant to this Section 3 (the “Annual Budget”). The initial Annual Budget for the period beginning on the Effective Date and ending on December 31, 2018, including the related variances, is attached hereto as Schedule B-1 (the “Initial Annual Budget”). For each Fiscal Year thereafter, the Asset Manager shall be responsible for preparing and submitting to the Company Board for approval as a Major Decision in accordance with the terms of the Company LLC Agreement a proposed updated Annual Budget, including the related variances. The Annual Budget shall be prepared by the Asset Manager in accordance with the protocols (including the preparation of the back-up materials on the timetable set forth therein) set forth on Schedule B-2 hereto (the “Budget Development Protocols”). The Annual Budget for each Fiscal Year shall be prepared with the same detail and line items as set forth in the Initial Annual Budget and such other detail as the members of the Company Board appointed by the Preferred Partners in accordance with Section 4.3(c) of the Parent LP Agreement (the “Preferred Board Members”) may reasonably request. In connection with the review of a proposed Annual Budget, the Preferred Board Members may reasonably request additional information regarding the materials supporting the proposed Annual Budget or such other information as is necessary or desirable to enable review of such proposed Annual Budget, and the Asset Manager shall provide such requested information. The Preferred Board Members shall consent to or reject the proposed Annual Budget, or request additional information (as provided for above), within ten (10) Business Days following (i) receipt of such proposed Annual Budget or (ii) receipt of all additional information that is, in the determination of the Preferred Board Members, necessary or desirable to enable review of such proposed Annual Budget. The Asset Manager shall comply with the Budget Development Protocols regarding the Preliminary Budget for each Fiscal Year. The Annual Budget shall be prepared and submitted annually by the Asset Manager no later than December 10, 2018 for the next Fiscal Year and thereafter by December 10 of each year with respect to the following Fiscal Year. The Annual Budget for each Fiscal Year shall include use of the pre-funded reserve amounts as shown on Schedule B-3 hereto for the four Fiscal Quarters comprising such Fiscal Year. In connection with the submission of the Annual Budget, the Asset Manager shall also prepare and submit to the Company Board an annual business plan for Parent and its Subsidiaries, including a responsible five-year operations forecast, including the operating metrics set forth on Schedule B-4 hereto (the “Annual Plan”). The Preferred Board Members, or their designated representatives, shall be provided reasonable access to all information, data, reports, models and analyses relied on in developing the Annual Plan (including, for the avoidance of doubt, all financial and silvicultural assumptions, constraints, supporting stand level data, merchantable timber volumes, pre-merchantable acres by species and age class, and acres by land classification).

  • 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.

  • 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.

  • 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.

  • Budget and Cost Consultation 5.4.1 Contractor is responsible for the construction budget and for preparing and updating all procurement and Estimated Construction Costs and distributing them to the Project Team throughout the duration of the Project.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1997 through 2002 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through December 31, 2002.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

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