Common use of Approval of Annual Budget Clause in Contracts

Approval of Annual Budget. The Board alone shall have the power to approve the LLC's annual budget. If the LLC's annual budget is not approved in its entirety by the Board under this Section 5.11, the Board shall approve the budget to the extent of those items on which there is agreement, and shall continue to negotiate in good faith until all items of the budget are agreed upon.

Approval of Annual Budget. The Subject to Section 5.12(v) hereof, the Board alone shall have the power to approve the LLC's annual budgetbudget of the Company. If the LLC's annual budget of the Company is not approved in its entirety by the Board under this Section 5.11Section, the Board shall approve the budget to the extent of those items on which there is agreement, agreement and shall continue to negotiate in good faith until all items of the budget are agreed upon.

Approval of Annual Budget. The Subject to Section 5.11(vi) hereof, the Board alone shall have the power to approve the annual budget of the LLC's annual budget. If the LLC's annual budget of the LLC is not approved in its entirety by the Board under this Section 5.11Section, the Board shall approve the budget to the extent of those items on which there is agreement, agreement and shall continue to negotiate in good faith until all items of the budget are agreed upon.

Approval of Annual Budget. The Board alone shall have the power to approve the LLC's annual budget. If the LLC's annual budget is not approved in its entirety by the Board under this Section 5.115.12, the Board shall approve the budget to the extent of those items on which there is agreement, and shall continue to negotiate in good faith until all items of the budget are agreed upon. The Officers shall not exceed the LLC's annual budget by more than 10% without seeking prior approval of the Board of any further expenses of the LLC.