Budgeting Process. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and the Issuer Group:
(i) in respect of each Year during the term of the Servicing Agreement (other than with respect to the fiscal year commencing on the Initial Closing Date), and on behalf of the Issuer Group, prepare and deliver to the Servicer, no later than the September 30 immediately preceding the commencement of such Year a proposed Lease Operating Budget and a proposed Aircraft Asset Expenses Budget for such Year together with reasonably detailed supporting information and the assumptions underlying such proposed Lease Operating Budget and Aircraft Asset Expenses Budget, such proposed Lease Operating Budget and Aircraft Asset Expenses Budget to be based, in part, on the information provided by the Servicer pursuant to Section 7.03(c) of the Servicing Agreement;
(ii) on behalf of the Issuer Group, review, discuss and negotiate with the Servicer such proposed Lease Operating Budgets and Aircraft Asset Expenses Budgets, and make such adjustments proposed by the Servicer as the Administrative Agent, in consultation with the Controlling Trustees and with due regard for current market conditions, may deem appropriate; and
(iii) submit to the Servicer no later than the November 10 immediately preceding the commencement of such Year the Approved Budgets together with reasonably detailed information regarding the Issuer's underlying assumptions.
Budgeting Process. The Annual Operating Budget and the Initial Operating Budget submitted to Lessee by Manager shall be subject to the approval of Lessee (such approval not to be unreasonably withheld, delayed or conditioned). The Annual Operating Budget and the Initial Operating Budget shall not be deemed accepted by Xxxxxx in the absence of its express written approval. Not later than thirty (30) days after receipt by Xxxxxx of a proposed Annual Operating Budget or the Initial Operating Budget (or such longer period as Lessee may reasonably request on Notice to Manager), Lessee may deliver an AOB Objection Notice with reasonable detail to Manager stating that Lessee objects to any information contained in or omitted from such proposed Annual Operating Budget or Initial Operating Budget and setting forth the nature of such objections with reasonable specificity. Failure of Lessee to deliver express written approval of the Annual Operating Budget or the Initial Operating Budget or an AOB Objection Notice shall be deemed rejection of Manager’s proposed Annual Operating Budget or Initial Operating Budget in its entirety. Upon receipt of any AOB Objection Notice, Manager shall, after consultation with Xxxxxx, modify the proposed Initial Operating Budget or Annual Operating Budget, as the case may be, taking into account Xxxxxx’s objections, and shall resubmit the same to Lessee for Lessee’s approval within fifteen (15) days thereafter, and Lessee may deliver further AOB Objection Notices (if any) within fifteen (15) days thereafter (in which event, the re-submission and review process described above in this sentence shall continue until the proposed Initial Operating Budget or Annual Operating Budget in question is accepted and consented to by Xxxxxx). Notwithstanding anything to the contrary set forth herein, Lessee shall have the right at any time subsequent to the acceptance and consent with respect to any Annual Operating Budget or the Initial Annual Budget, on Notice to Manager, to revise such Initial Operating Budget or Annual Operating Budget or to request that Manager prepare for Lessee’s approval a revised Initial Annual Budget or Annual Operating Budget, taking into account such circumstances as Lessee deems appropriate and with due consideration of input from Manager regarding such revised budget; provided, however, that the revision of an Initial Operating Budget or Annual Operating Budget shall not be deemed a revocation of Manager’s authority with respect to such...
Budgeting Process. Sanofi’s Independent Charity Group shall establish a budget process to be followed for Sanofi’s donations to Independent Charity PAPs that meets the following requirements:
a. The Independent Charity Group shall develop an annual budget for donations to Independent Charity PAPs based on objective criteria in accordance with general guidelines approved by the legal department with input from the compliance department.
b. Sanofi shall approve the annual budget for donations to Independent Charity PAPs at a level within the organization above the commercial organization (e.g., at the executive level).
c. The Independent Charity Group shall have sole responsibility for allocating the approved budget across donations to Independent Charity PAPs and to any disease state fund established by the Independent Charity PAP.
d. The Independent Charity Group shall have sole responsibility for assessing requests for additional or supplemental funding from Independent Charity PAPs outside of the annual budget using standardized, objective criteria established by the Independent Charity Group. Any such requests also shall be subject to legal and compliance personnel review and approval, to ensure that any supplemental funding to the Independent Charity PAP is provided in accordance with applicable Federal health care program requirements, OIG guidance, and Sanofi Policies and Procedures.
e. The commercial organization shall have no involvement in the budget process, and the budget to be used for donations to Independent Charity PAPs shall not be based on monies allocated to the Independent Charity Group from the commercial organization.
Budgeting Process. The Training Provider shall design and implement a best-practice budgeting process to analyse the College budget and identify wasteful expenses, project budgetary requirements, and prepare budgets for future years. The process shall include a budgeting plan to guide the budgeting process each Academic Year with key actions, deadlines, and points of responsibility. The Training Provider shall identify College Personnel responsible for budgeting and train these College personnel on the budgeting process in order to prepare them to manage the process independently in the future.
Budgeting Process. Amgen’s PAP Governance Committee shall establish a budget process to be followed for Xxxxx’s donations to Independent Charity PAPs that meets the following requirements:
a. The PAP Governance Committee shall develop an annual budget for donations to Independent Charity PAPs based on objective criteria in accordance with general guidelines approved by the legal department with input from the compliance department.
b. Amgen shall approve the annual budget for donations to Independent Charity PAPs through a process or organization that does not include, nor is influenced by, the commercial organization (e.g., the Amgen Finance Department).
c. The PAP Governance Committee shall have sole responsibility for allocating the approved budget across donations to Independent Charity PAPs and to any disease state fund established by the Independent Charity PAP.
d. The PAP Governance Committee shall have sole responsibility for assessing requests for additional or supplemental funding from Independent Charity PAPs outside of the annual budget using standardized, objective criteria established by the PAP Governance Committee. Any such requests also shall be subject to legal and compliance personnel review and approval, to ensure that any supplemental funding to the Independent Charity PAP is provided in accordance with applicable Federal health care program requirements, OIG guidance, and Amgen Policies and Procedures.
e. The commercial organization shall have no involvement in the budget process, and the budget to be used for donations to Independent Charity PAPs shall not be based on monies allocated to the PAP Governance Committee from the commercial organization.
Budgeting Process. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and WEST and each other Managed Group Member:
(i) by the November 30 immediately preceding each One Year Period, prepare and deliver to the Servicer and WEST a proposed Operating Budget and a proposed Asset Expenses Budget for such One Year Period, together with reasonably detailed supporting information and the assumptions underlying such proposed Operating Budget and Asset Expenses Budget, to be based, in part, on the information provided by the Servicer pursuant to Section 7.05(b) of the Servicing Agreement (with the first such delivery being due by November 30, 2021 in respect of the One Year Period ending December 31, 2022); #4839-8494-1028v3
(ii) on behalf of WEST and each other Managed Group Member, consult with the Servicer to agree on a final Operating Budget and a final Asset Expenses Budget for such One Year Period; and
(iii) submit to WEST for approval and delivery to the Servicer by the December 20 immediately preceding such One Year Period, a final Operating Budget and a final Asset Expenses Budget for such One Year Period (with the first such delivery being due by December 20, 2021 in respect of the One Year Period ending December 31, 2022).
Budgeting Process. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and AerCo Group:
(i) in respect of the Initial Periods, each one Year period (a "ONE YEAR PERIOD") and each three Year Period (a "THREE YEAR PERIOD" and, together with a One Year Period, and an Initial Period, each a "PERIOD") during the term of the Servicing Agreement, and on behalf of AerCo Group, prepare and deliver to the Servicer, not later than 60 days immediately preceding the commencement of each Year (other than with respect to the fiscal year commencing July 1, 1998), a proposed Operating Budget and Asset Expenses Budget for such Period together with reasonably detailed information regarding the assumptions underlying such proposed Operating Budget and Asset Expenses Budget, such proposed Operating Budget and Asset Expenses Budget to be based, in part, on the information provided by the Servicer pursuant to Section 7.04(f) of the Servicing Agreement;
(ii) on behalf of AerCo Group, review and discuss with the Servicer the proposed Operating Budget and the Asset Expenses Budget prepared pursuant to Section 7.04 of the Servicing Agreement;
(iii) submit the revised proposed Operating Budget and Asset Expenses Budget for each Period, no later than 30 days immediately preceding the commencement of each Year, to AerCo for its consideration and approval (other than with respect to the fiscal year commencing July 1, 1998);
(iv) in the event that the proposed Operating Budget and Asset Expenses Budget are not approved, review and revise, in consultation with the Servicer, the Operating Budget and Asset Expenses Budget to the extent possible to address the concerns of AerCo, it being understood that final approval of the Operating Budget and Asset Expenses Budget is the responsibility of AerCo.
Budgeting Process. Upon execution of this Agreement, NTC will provide SM with a twelve month forecast for calendar year 2009 in accordance with the informational requirements of Schedule 5.2. On or before July 1 of each year during the Term, NTC shall provide SM with the next calendar year’s anticipated annual volumes of NTC Products to be produced, manufactured, packaged and distributed pursuant to this Agreement, subject to the terms and conditions of the Confidentiality Agreement (“Budget Forecast”) in accordance with the Informational Requirements of Schedule 5.2. The parties understand and agree that the Budget Forecast provided by NTC each year is only the best estimate of NTC at that time and does not create a binding obligation for NTC to meet such volumes specified on the Budget Forecast.
Budgeting Process. During the annual budgeting process, XXX ----------------- shall project xxxxxxxx for the sale of Telecommunications Services over the System for the coming year, as described in Section 5.3. In addition, SRP and its Affiliates shall project the type and quantity of Utilicom Services that will be provided over the System in the coming year. XXX shall calculate the total charges that SRP and its Affiliates, or their Utilicom Services customers, would be billed for the projected Utilicom Services if such services were treated as Telecommunications Services sold by XXX to its Telecommunications Services customers. The charges shall be calculated using ELI's Preferred Rates to be in effect for the coming year. The charges shall be calculated as additional marginal costs to a customer. For example, the use of an existing customer line for Utilicom Services shall not be considered in the calculation, because this use would not create additional charges to the customer. If the calculation of total Utilicom Services charges based on the SRP budget (at ELI's Preferred Rates) exceeds five percent (5%) of the total projected xxxxxxxx for the sale of Telecommunications Services for such year, SRP and its Affiliates, shall reduce their projected Utilicom Services to a level that does not exceed such five percent (5%) limit. Alternatively, upon request by SRP and its Affiliates, XXX shall sell at ELI's Preferred Rates in effect for such coming year the excess volume of services desired by them for their Utilicom Services customers to the extent that XXX reasonably has available capacity.
Budgeting Process. The Administrative Agent shall, in accordance with the procedures, policies and guidelines described below and on the basis of information generated by the Administrative Agent and information provided by the Service Providers and WEST and the Subsidiaries:
(i) by the November 30 immediately preceding each One Year Period, prepare and deliver to the Servicer and WEST a proposed Operating Budget and a proposed Asset Expenses Budget for such One Year Period, together with reasonably detailed supporting information and the assumptions underlying such proposed Operating Budget and Asset Expenses Budget, to be based, in part, on the information provided by the Servicer pursuant to Section 7.05(b) of the Servicing Agreement;
(ii) on behalf of WEST and the Subsidiaries, consult with the Servicer to agree on a final Operating Budget and a final Asset Expenses Budget for such One Year Period; and
(iii) submit to WEST for approval and delivery to the Servicer by the December 20 immediately preceding such One Year Period, a final Operating Budget and a final Asset Expenses Budget for such One Year Period.
