Common use of Budget and Operating Forecast Clause in Contracts

Budget and Operating Forecast. The Corporation shall prepare and submit to the Board and each of the Investors and Canadian Investors an operating plan with monthly and quarterly breakdowns (the "Budget") for each fiscal year at least 45 days prior to the beginning of each fiscal year of the Corporation. The Budget shall be deemed accepted as the Budget for such fiscal year only when it has been approved by the Board. The Budget shall be reviewed by the Corporation periodically and all changes therein, and all material deviations therefrom, shall be reviewed by the Board on at least a quarterly basis.

Budget and Operating Forecast. The Corporation shall prepare and submit to the Board and each of the Investors and Canadian Major Investors an operating plan with monthly and quarterly breakdowns (the "“Budget"”) for each fiscal year at least 45 days prior to the beginning of each fiscal year of the Corporation. The Budget shall be deemed accepted as the Budget for such fiscal year only when it has been approved by the Board. The Budget shall be reviewed by the Corporation periodically and all changes therein, and all material deviations therefrom, shall be reviewed by the Board on at least a quarterly basis.

Budget and Operating Forecast. The Corporation shall prepare and submit to the Board and each of the Investors and Canadian Investors an operating plan with monthly and quarterly breakdowns (the "Budget") for each fiscal year at least 45 days prior to the beginning of each fiscal year of the Corporation. The Budget shall be deemed accepted as the Budget for such fiscal year only when it has been approved by the Board. The Budget shall be reviewed by the Corporation periodically and all changes therein, and all material deviations therefrom, shall be reviewed by the Board on at least a quarterly basis.

Budget and Operating Forecast. The Corporation shall prepare and submit to the Board and each of the Investors and Canadian Investors an operating plan with monthly and quarterly breakdowns (the "BudgetBUDGET") for each fiscal year at least 45 days prior to the beginning of each fiscal year of the Corporation. The Budget shall be deemed accepted as the Budget for such fiscal year only when it has been approved by the Board. The Budget shall be reviewed by the Corporation periodically and all changes therein, and all material deviations therefrom, shall be reviewed by the Board on at least a quarterly basis.

Budget and Operating Forecast. The Corporation shall prepare and submit to the Board and each of the Investors and Canadian Investors an operating plan with monthly and quarterly breakdowns (the "Budget") for each fiscal year at least 45 days prior to the beginning of each fiscal year of the Corporation. The Budget shall be deemed accepted as the Budget for such fiscal year only when it has been approved by the Board. The Budget shall be reviewed by the Corporation periodically and all changes therein, and all material deviations therefrom, shall be reviewed by the Board on at least a quarterly basis.

Budget and Operating Forecast. The Corporation shall prepare and submit to the Board and each Investor that is a holder of the Investors and Canadian Investors any Investment Shares an operating plan with monthly and quarterly breakdowns (the "Budget") for each fiscal year at least 45 days prior to the beginning of each fiscal year of the Corporationcorporation. The Budget shall be deemed accepted as the Budget for such fiscal year only when it has been approved by the Board. The Budget budget shall be reviewed by the Corporation periodically and all changes therein, and all material deviations therefrom, shall be reviewed by the Board on at least a quarterly basis.