Approval of Annual Plan Sample Clauses

Approval of Annual Plan. Within fifteen (15) days after the submission of a proposed Annual Plan, the Power Marketer shall meet with the Management Committee to discuss the proposed Annual Plan and any suggested changes, comments or questions the Management Committee may have regarding the Annual Plan. The Management Committee shall approve, or suggest modifications to, the proposed Revenue Benchmarks and the Annual Forecast as part of the approval process for the Annual Plan. If the Annual Plan is not approved by the Management Committee at such meeting, then within ten (10) days after such meeting, the Power Marketer shall submit a revised Annual Plan to the Management Committee, which addresses all of the concerns raised by the Management Committee. Within five (5) days after the Management Committee receives the revised Annual Plan, the Management Committee shall approve or reject the revised Annual Plan. If the revised Annual Plan is not approved, (a) the Management Committee shall prepare a further revised Annual Plan and present it to the Power Marketer within ten (10) days after the Management Committee rejects the Power Marketer's revised Annual Plan and (b) the Power Marketer shall be deemed to have approved the Management Committee's Annual Plan, and shall be bound to act in accordance with such plan. Pending approval of any Annual Plan, the Power Marketer shall act in accordance with the most recently approved preceding plan.
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Approval of Annual Plan. Owner shall review the proposed Annual Plan and shall provide Manager with any objections to such proposed Annual Plan in writing (in reasonable detail and stating the bases for such objections in good faith) within twenty (20) days after receipt of the proposed Annual Plan from Manager. If Owner fails to respond to Manager’s submittal of an Annual Plan within such twenty (20) day period, Manager may deliver a second notice in accordance with the provisions of Section 16.6 below to Owner requesting Owner’s approval of such Annual Plan (which second notice shall state in bold and all capitalized letters that Owner’s failure to respond to such second notice within ten (10) business days after Owner’s receipt thereof shall be deemed Owner’s approval of the submitted Annual Plan), and if Owner fails to timely respond within such additional ten (10) business day period, Owner shall be deemed to have approved of the Annual Plan. If Owner objects to any portion of the proposed Annual Plan in accordance with this Section 5.1.2, then Owner and Manager shall work together in good faith to resolve any disputed item. If the Parties are unable to reach an agreement within thirty (30) days, the Annual Plan shall be modified to incorporate Owner’s proposed changes.
Sample 1
Approval of Annual Plan. Vendor shall meet with Company to discuss the Annual Plan, the Product Development Plan and Company's Annual Plan around July 1 of each year (the "Annual Meeting"). Not later than 30 (30) days prior to the Annual Meeting, Vendor shall deliver to Company's Authorized Representatives Vendor's proposed Annual Plan and Product Development Plan, and Company shall deliver to Vendor the preliminary Company Annual Plan, pending final budget approval. Company and Vendor shall finalize the Annual Plan, the Product Development Plan and the Company Annual Plan together no later than August 15 of each year, with the exception of the Gap Brand in year one of this Agreement. Vendor and Gap Brand shall approve Gap Brand's initial Annual Plan, the Product Development Plan and the initial Gap Brand's Company Annual Plan by December 15, 2005. In the event that Company and Vendor are unable to agree upon any Key Milestones in the Annual Plan in any given year, the Key Milestones applicable for the prior year shall apply. In the event that Company and Vendor are unable to agree upon which Company Products are to be developed for the Annual Plan, Company, in its sole option, can choose to revert to the appropriate year in the last agreed-upon Product Development Plan.
Sample 1
Approval of Annual Plan 
Sample 1

Related to Approval of Annual Plan

  • Waiver of Notice; Approval of Meeting; Approval of Minutes The transactions of any meeting of Limited Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting shall constitute a waiver of notice of the meeting, except when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened; and except that attendance at a meeting is not a waiver of any right to disapprove the consideration of matters required to be included in the notice of the meeting, but not so included, if the disapproval is expressly made at the meeting.

  • Approval of Plan Approval of the Plan by the Commissioner of Internal Revenue as referred to in 15.1 means a continuing approval sufficient to establish that the Plan and related trust or trusts are at all times qualified and exempt from income tax under Section 401(a), Section 401(k) and other applicable provisions of the Internal Revenue Code of 1986, and that contributions made by the Company under the Plan are deductible for income tax purposes in accordance with law. The cognizant governmental authorities referred to in 15.1 include, without limitation, the Department of Labor and the Securities and Exchange Commission, and their approval means their confirmation with respect to any matter within their regulatory authority that the Plan does not conflict with applicable law.

  • Application for approval 3.1. The application for approval of a vehicle type with regard to the AEBS shall be submitted by the vehicle manufacturer or by his authorised representative. 3.2. It shall be accompanied by the documents mentioned below in triplicate: 3.2.1. A description of the vehicle type with regard to the items mentioned in paragraph 2.4., together with a documentation package which gives access to the basic design of the AEBS and the means by which it is linked to other vehicle systems or by which it directly controls output variables. The numbers and/or symbols identifying the vehicle type shall be specified. 3.3. A vehicle representative of the vehicle type to be approved shall be submitted to the Technical Service conducting the approval tests.

  • Approval of Plans Landlord will not check Tenant drawings for building code compliance. Approval of the Final Plans by Landlord is not a representation that the drawings are in compliance with the requirements of governing authorities, and it shall be Tenant’s responsibility to meet and comply with all federal, state, and local code requirements. Approval of the Final Plans does not constitute assumption of responsibility by Landlord or its architect for their accuracy, sufficiency or efficiency, and Tenant shall be solely responsible for such matters.

  • Board Approval of Foreign Subcustodians Unless and except to the extent that the Board has delegated to the Custodian and the Custodian has accepted delegation of review of certain matters concerning the appointment of Subcustodians pursuant to Subsection 8.3, the Custodian shall, prior to the appointment of any Subcustodian for purposes of holding Investments of the Fund outside the United States, obtain written confirmation of the approval of the Board of Trustees or Directors of the Fund with respect to (a) the identity of a Subcustodian, and (b) the Subcustodian agreement which shall govern such appointment, such approval to be signed by an Authorized Person. An Instruction to open an account in a given country shall comprise authorization of the Custodian to hold assets in such country in accordance with the terms of this Agreement. The Custodian shall not be required to make independent inquiry as to the authorization of the Fund to invest in such country.

  • 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".

  • Approval of Agreement The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

  • Annual Budget For the partial year period commencing on the date hereof, and for each calendar year thereafter, the Borrower shall submit to Lender an Annual Budget not later than sixty (60) days prior to the commencement of such period or calendar year in form reasonably satisfactory to Lender, or for so long as an Operating Lease remains in effect, no later than five (5) Business Days after a budget is delivered to Borrower by an Operating Lessee pursuant to the terms of an Operating Lease. The Annual Budget submitted for the calendar year in which a Trigger Event occurs, and for each calendar year thereafter during a Trigger Period, shall be subject to Lender's written approval, which approval shall not be unreasonably withheld (each such Annual Budget as approved by Lender, an "Approved Annual Budget"). In the event that Lender objects to a proposed Annual Budget submitted by Borrower or an Operating Lessee, Lender shall advise Borrower of such objections within thirty (30) days after receipt thereof (and deliver to such party a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, such Annual Budget and resubmit the same to Lender. Lender shall advise Borrower of any objections to such revised Annual Budget within ten (10) days after receipt thereof (and deliver to Borrower a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, the same in accordance with the process described in this subsection until the Lender approves the Annual Budget. Until such time that Lender approves a proposed Annual Budget, the most recently Approved Annual Budget shall apply; provided that, such Approved Annual Budget shall be adjusted to reflect actual increases in real estate taxes, insurance premiums and utilities expenses.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • New Application for Licensure Any time after the three-month period has lapsed from the Effective Date of this Agreement and Respondent has paid the Administrative Penalty set forth in Section III, Paragraph 1 of this Order, Respondent may apply for a new mortgage loan originator license or, as applicable, petition for the reinstatement of an MLO Activity Endorsement in any or all of the Participating States with the understanding that each State Mortgage Regulator reserves the rights to fully investigate such application for licensure or petition for reinstatement of an MLO Activity Endorsement and may either approve or deny such application or petition pursuant to the normal process for such licensing or endorsement investigations. No license application or petition described in this paragraph will be denied solely based on the facts, circumstances, or consensual resolution provided for in this Agreement. Respondent further agrees that Respondent must satisfy the Administrative Penalty provision prior to submitting an application for a new mortgage loan originator license or, as applicable, petition for the reinstatement of an MLO Activity Endorsement.