Budgets and Reports. (a) By January 31st of each calendar year hereafter during the term hereof, the Operating Partner shall prepare a revised Operating Budget and the Business Plan for the operation of the Partnership. The Management Committee shall have thirty (30) days after receipt thereof to either approve the submitted Business Plan and Operating Budget or respond with required changes to same.
Budgets and Reports. Each year the Park Board provides draft budgets and reports for City owned assets which are presented to the Park Board’s committees for review and analysis before being provided to the Park Board Trustees for final approval. These draft park budgets and reports include 1) Detailed Annual Budgets, 2) Business Plans, 3) Special Projects and 4)
Budgets and Reports. Manager shall submit to the UG for its consideration and comment, at least ninety (90) days prior to the anticipated beginning of operations of the Grocery Store, and at least ninety (90) days prior to the beginning of each Fiscal Year thereafter, a proposed Operating Budget ("Operating Budget") for the Grocery Store for each Fiscal Year, which Operating Budget shall set forth in reasonable detail Manager's best estimate of Gross Revenues and Operating Expenses. The UG agrees to review and comment on such proposed Operating Budget to Manager in writing on or before the sixtieth (60th) day after receipt thereof from Manager. The UG's consideration of the Operating Budget and comments thereto shall be based upon factors concerning management and ownership of the Grocery Store consistent with this Agreement. Manager shall implement such Operating Budget and shall be authorized, subject to the limitations set forth in this Agreement, without the need for approval by UG, to make the expenditures and incur the obligations reasonably anticipated by the relevant Operating Budget, and Manager may not exceed any item in the Operating Budget by more than fifteen (15%) in any Quarterly Accounting Period without the prior consent of the UG. Manager acknowledges and agrees that its rights with respect to accessing funds in the Stabilization Fund Reserve are conditioned upon Manager's performance of its obligations pursuant to this Section 5.8.
Budgets and Reports. (i) within forty five (45) days after each of the first three quarters of each calendar year during the Term, the most recent unaudited financial statements of BLC Holdings, in each case accompanied by the Financial Officer's Certificate certifying that the information contained therein is true and correct in all material respects;
Budgets and Reports. The Operator shall prepare and deliver to the Company for approval, on a quarterly basis during the Pre-Completion Period and thereafter as directed by the Company, a budget reflecting the estimated costs to be incurred for Operation of the Combined Facilities during the ensuing 12 month period. Such budgets shall be prepared in sufficient detail to satisfy the requirements of any lending institution providing financing for the New Facilities and/or the Combined Facilities. The Operator shall also prepare and deliver to each Member such forecasts, cash flow projections and financial and operating reports with respect to the Company as from time to time may be reasonably requested by the Company, including fiscal year reports for Members who report financial results on a basis other than the calendar year.
Budgets and Reports. 17 4.01 Annual Operating Budget 17 4.02 Budget - Employee Expenses 18 4.03 Changes in Employee Expenses by Management 18 4.04 Monthly Financial Statement 19 4.05 Monthly Inventory Report 19 4.06 Annual Audit 19 4.07 Other Reports 20 4.08 Related Party Purchases 20 4.09 Form of Reports 21 Article 5 – Cost Reimbursements 21 5.01 Reimbursable Operating Expenses 21 5.02 Imprest Operating Account 21 5.03 Imprest Payroll Account 22 5.04 Imprest Checking Account 22 5.05 Xxxxx Cash Fund 23 5.06 Invoices for Reimbursable Operating Expenses 23 5.07 Payment of Invoices 23 5.08 General Change Fund 24 5.09 Payment of Payroll Expenses 24 5.10 Account Replenishment 24 5.11 Replenishment of Imprest Operating Account 25 5.12 Requests for Replenishment – Payroll Related Costs 25 5.13 Requests for Reimbursement – Uncollectible Credit Charges 26 5.14 Special Requests for Reimbursement – Other Costs 26 5.15 Special Requests for Payment – Management Compensation 26 5.16 Management Operations Procedures Manual 27 5.17 Non-Reimbursable Expenses 27 5.18 Cash Losses 28 5.19 Prompt Payment 28
Budgets and Reports. 15 4.5 Powers of the Operating Partner................... 15
Budgets and Reports. (a) By November 1st of each calendar year hereafter during the term hereof, the Operating Partner shall prepare a revised Operating Budget and the Business Plan for the operation of the Partnership for the next succeeding calendar year of the Partnership. The Management Committee shall have thirty (30) days after receipt thereof to either approve the submitted Business Plan and Operating Budget or respond with required changes to same. A copy of the revised Business Plan of the Partnership approved by the Management Committee as of the Effective Date is attached hereto as Exhibit A and a copy of the revised Operating Budget of the Partnership approved by the Management Committee shall be attached hereto as Exhibit B within sixty (60) days after the Effective Date.
Budgets and Reports. (i) Concurrently with the Borrower’s delivery of any and all financial reports, budgets, forecasts or updates (including updates or reports relating to the proposed Sale) to the Senior Agent as set forth in the Senior Credit Agreement, Borrower shall deliver the same to the Lender.
Budgets and Reports. 8 SECTION 4.4 - Accounting ........................................................................9 SECTION 4.5 - Billxxxx ..........................................................................9 SECTION 4.6 - Banking ...........................................................................9 SECTION 4.7 - Reporting and Communication .......................................................9
