Common use of Budget and Operating Forecast Clause in Contracts

Budget and Operating Forecast. Commencing with the Company's 1996 fiscal year, the Company will prepare and submit to the Board of Directors of the Company a budget for the Company for each fiscal year of the Company at least 30 days prior to the beginning of such fiscal year, together with management's written discussion and analysis of such budget. The budget shall be accepted as the budget for such fiscal year when it has been approved by a majority of the full Board of Directors of the Company and, thereupon, a copy of such budget promptly shall be sent to the Investors. The Company shall review the budget periodically and shall advise the Board of Directors of all changes therein and all material deviations therefrom.

Budget and Operating Forecast. Commencing with the Company's 1996 fiscal year, the The Company will prepare and submit ----------------------------- to the Board of Directors of the Company a budget for the Company for each fiscal year of the Company at least 30 thirty (30) days prior to the beginning of such fiscal year, together with management's written discussion and analysis of such budget. The budget shall be accepted as the budget for such fiscal year when it has been approved by a majority of the full Board of Directors of the Company and, thereupon, a copy of such budget promptly shall be sent to the M/C Investors. The Company shall review the budget periodically and shall advise the Board of Directors and the M/C Investors of all changes therein and all material deviations therefrom.

Budget and Operating Forecast. Commencing with the Company's 1996 fiscal year, the The Company will prepare and submit ----------------------------- to the Board of Directors of the Company a budget for the Company for each fiscal year of the Company at least 30 days prior to the beginning of such fiscal year, together with management's written discussion and analysis of such budget. The budget shall be accepted as the budget for such fiscal year when it has been approved by a majority of the full Board of Directors of the Company and, thereupon, a copy of such budget promptly shall be sent to the Investors. The Company shall review the budget periodically and shall advise the Board of Directors and the Investors of all changes therein and all material deviations therefrom.

Budget and Operating Forecast. Commencing with the Company's 1996 fiscal yearyear beginning January 1, 1998, the Company will prepare and submit to the Board of Directors of the Company a budget for the Company for each fiscal year of the Company at least 30 60 days prior to the beginning of such fiscal year, together with management's written discussion and analysis of such budget. The budget shall be accepted as the budget for such fiscal year when it has been approved by a majority of the full Board of Directors of the Company and, thereupon, a copy of such budget promptly shall be sent to the Investors. The Company shall review the budget periodically and shall advise the Board of Directors and the Investors of all changes therein and all material deviations therefrom.