Budgets and Business Plan Sample Clauses

Budgets and Business Plan. As soon as available and in any event at least 30 days before the beginning of each fiscal year of the Company, a business plan and prepared on a monthly basis, operating budget for the forthcoming fiscal year, and as soon as available any revisions thereto.
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Budgets and Business Plan. (a) In addition to the Representation Services, Myriad International Marketing LLC must develop an annual North American strategy, for consideration by MCB and MCET (North America Strategy Document).
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Budgets and Business Plan. 21 4.6 Indemnification....................................................................21
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Budgets and Business Plan. The Board will require the appropriate officers and employees of the Company to prepare and present to the Members an Annual Budget and Business Plan for the Company at least 90 days in advance of the beginning of the applicable Fiscal Year. Each Annual Budget shall include an income statement prepared on an accrual basis which shall show in reasonable detail the revenues and expenses projected for the Company's operations for the forthcoming Fiscal Year and a cash flow statement which shall show in reasonable detail the receipts and disbursements projected for the Company's operations for the forthcoming Fiscal Year, the amount of any corresponding cash deficiency or surplus, contemplated borrowings under credit facilities and the required Additional Capital Contributions, if any. Each Business Plan shall cover a two year period commencing with the Fiscal Year covered by the Annual Budget and the succeeding Fiscal Years. The business plan shall set forth in reasonable detail (i) the Company's capital needs, goals, and procedures for personnel, technical, financial, administrative and marketing activities for the Company's next two (2) succeeding Fiscal Years, (ii) certain financial performance goals, including, without limitation, with respect to revenues, profits, return on net assets, and return on equity and (iii) the Company's priorities with regard to country specific implementation of the Company's expansion goals. Such Annual Budget and Business Plan shall be prepared on a basis consistent with the Companies audited financial statements and GAAP. Each successor Annual Budget and Business Plan shall be at least as detailed as such initial Annual Budget and Business Plan. If the total annual expenditures set forth in the proposed Annual Budget and proposed Business Plan are approved by the Board pursuant to Section 4.4 hereof, then such Annual Budget or Business Plan, as the case maybe, shall for all purposes of this Agreement constitute the Annual Budget or Business Plan and shall supersede any previously approved Annual Budget or Business Plan.
Sample 1
Budgets and Business Plan 
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Related to Budgets and Business Plan

  • Business Plans The Approved Full-Term Operating Business -------------- Plan and Approved Annual Operating Business Plan, if any, have been prepared in all material respects in accordance with GAAP (except for the treatment of Indebtedness owing to the FCC, which has been reflected in such plans at historical cost).

  • Business Plan The Lenders shall have received a satisfactory detailed business plan of the Borrowers for fiscal years 1996 - 2002 and a satisfactory written analysis of the business and prospects of the Borrowers for the period from the Closing Date through the final maturity of the Term Loans.

  • Annual Business Plan and Budget As soon as practicable and in any event not later than thirty (30) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four (4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet, calculations demonstrating projected compliance with the financial covenants set forth in Section 9.15 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period.

  • Business Plan and Budget As soon as available, but in any event no later than forty five (45) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a quarterly basis for the then current fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(d), the Borrower shall not be separately required to furnish such information under Sections 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Annual Business Plan The term “

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

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