Common use of Budgets and Operating Plans Clause in Contracts

Budgets and Operating Plans. At least 30 days prior to the --------------------------- beginning of each fiscal year of the Corporation, a monthly operating plan of the Corporation, with monthly breakdowns, for such fiscal year (the "Budget"). The Budget shall be accepted as the Budget for such fiscal year when it has been approved by the Board of Directors of the Corporation. The Budget shall be reviewed by the Corporation periodically and all changes therein and all material deviations therefrom which are proposed to be made by the Corporation shall be resubmitted to its Board of Directors and to each of the Investors in advance and shall be accepted when approved by, and the Corporation shall not make any such changes or material deviations to or from the Budget without such prior approval of, its Board of Directors. The Budget shall include an income statement, balance sheet and cash flow information.

Budgets and Operating Plans. At least 30 days prior to the beginning --------------------------- beginning of each fiscal year of the Corporation, a monthly operating plan of the Corporation, with monthly breakdownsbreak-downs, for such fiscal year (the "Budget"). The Budget shall be accepted as the Budget for such fiscal year when it has been approved by the Board of Directors of the Corporation. The Budget shall be reviewed by the Corporation periodically and all changes therein and all material deviations therefrom which are proposed to be made by the Corporation shall be resubmitted to its Board of Directors and to each of the Investors in advance and shall be accepted when approved by, and the Corporation shall not make any such changes or material deviations to or from the Budget without such prior approval of, its Board of Directors. The Budget shall include an income statement, balance sheet and cash flow information.

Budgets and Operating Plans. At least 30 days prior to the --------------------------- beginning of each fiscal year of the Corporation, the Corporation shall prepare and submit a monthly operating plan of the Corporation, with monthly breakdowns, Corporation for such fiscal year (the "“Budget")”) to the Board of Directors of the Corporation and the Investors. The Budget shall be accepted as the Budget for such fiscal year when it has been approved by the Board of Directors of the Corporation. The Budget shall be reviewed by the Corporation periodically and all changes therein and all material deviations therefrom which are proposed to be made by the Corporation shall be resubmitted to its Board of Directors and to each of the Investors in advance and shall be accepted when approved by, and the Corporation shall not make any such changes or material deviations to or from the Budget without such prior approval of, its the Board of DirectorsDirectors of the Corporation. The Budget shall include an income statement, balance sheet and cash flow information.