Approval of Budget. The Practice Advisory Council shall have the power to adopt, approve and amend the Budget and to approve various expenses as set forth herein, which shall be subject to change upon submission of any dispute thereon to Ernst & Young LLP (or its successor or replacement) and appeal to the National Appeals Council as provided in Section 3.11(a).
Approval of Budget. The Company shall obtain the approval required by Section 6.3(d) of the portions of the Budget relating to Indebtedness, Commitments, acquisitions and dispositions prior to the beginning of each fiscal year beginning with fiscal year 1998.
Approval of Budget. 23 6.23 Repayment of Loan Agreement and Release of Encumbrances..... 23
Approval of Budget. VAC, HRT and SheaCo shall have been provided a copy of the Company's most recent budget for the year 2001 (the "Budget") and the Budget shall be reasonably satisfactory to VAC.
Approval of Budget. Upon Closing, the Company shall have delivered to MiraQuest a one year budget by month for the Company sufficient for the Company to execute its business plan, and MiraQuest shall have given the Company MiraQuest's written approval of the budget.
Approval of Budget. The Board of Directors shall adopt the annual budget of the Authority.
Approval of Budget. The Company shall have prepared and submitted to the Purchaser its final budget for the fiscal year ended December 31, 2000 and the Purchaser shall have approved such budget (together with any updates or revisions thereof) or shall have waived in writing such approval.
Approval of Budget. Purchaser shall provide evidence of approval of Company’s budget and projections for the fiscal year ending May 31, 2004.
Approval of Budget. The term "Approved Annual Budget" shall mean the Annual Budget (as revised by revisions thereof approved by Owner and Manager in accordance with the provisions hereof, the Management Agreement and, to the extent applicable, the LLC Agreement. An Annual Budget or a revision thereof shall be deemed approved by Manager and Owner only if it is approved in writing by each of Manager and Owner. Nothing in the Annual Budget submitted by Consultant to Manager hereunder shall be binding upon Owner (or any member of Owner) until the Annual Budget is approved by Owner as aforesaid.
Approval of Budget. The term "Approved Annual Budget" shall mean the Annual Budget (as modified by revisions thereof) approved by the Management Committee of Parent in accordance with the terms of the Parent LLC Agreement. An Annual Budget or a revision thereof shall be deemed approved by Owner only if it is approved in writing by Owner. Within 15 days of Manager's submission of the Annual Budget, Owner and Manager shall meet to discuss Owner's comments to the Annual Budget. Within 10 days of such meeting, Manager shall provide Owner with a revised Annual Budget incorporating Owner's comments to the Annual Budget. Pending Owner's approval of an Annual Budget, Manager shall be entitled to operate the Center and incur expenditures in accordance with the Approved Annual Budget and, in the event the Annual Budget has not been so approved in accordance with the last Approved Annual Budget adjusted for actual increases with respect to non discretionary expenses (e.g. real estate taxes, insurance, debt service, service contract fee escalations, utilities, etc.
