Budgets Approval. At least thirty (30) days prior to the commencement of each fiscal year, prepare and submit to, and obtain in respect thereof the approval of the majority of the members of the Board of Directors, a business plan and monthly operating budget in detail for each fiscal year, monthly operating expenses and profit and loss projections and cash flow projections and a capital expenditure budget for the fiscal year.
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Samples: Contribution Agreement (Mortgage Com Inc), Series B Preferred Stock Purchase Agreement (Mortgage Com Inc), Contribution Agreement (Mortgage Com Inc)
Budgets Approval. At least thirty (30) Not later than 30 days prior to the commencement of each fiscal year, prepare and submit to, and obtain in respect thereof the approval of the a majority of the members of the Board of DirectorsDirectors of, a business plan and monthly operating budget budgets in detail for each the upcoming fiscal year, monthly operating expenses and profit and loss projections and cash flow projections and a capital expenditure budget for year (the fiscal year“Annual Budget”).
Appears in 2 contracts
Samples: Investor Rights Agreement (Versant Ventures II LLC), Investor Rights Agreement (Helicos Biosciences Corp)
Budgets Approval. At least thirty (30) Not later than 30 days prior to the commencement of each fiscal year, prepare and submit to, and obtain in respect thereof the approval of the a majority of the members of the Board of DirectorsDirectors of, a business plan and monthly operating budget budgets in detail for each the upcoming fiscal year, monthly operating expenses and profit and loss projections and cash flow projections and a capital expenditure budget for year (the fiscal year"Annual Budget").
Appears in 1 contract
Samples: Investor Rights Agreement (Helicos Biosciences Corp)
Budgets Approval. At least thirty (30) days prior to the commencement of each fiscal year, prepare and submit to, and obtain in respect thereof the approval of the majority two-thirds of the members of the Board of Directors, a business plan and monthly operating budget in detail for each fiscal year, monthly operating expenses and profit and loss projections and projections, quarterly cash flow projections and a capital expenditure budget for the fiscal year.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Verticalnet Inc)
Budgets Approval. At least thirty (30) 30 days prior to the commencement of each fiscal yearFiscal Year, prepare and submit to, and obtain in respect thereof the approval of the majority of the members of the Board of Directors, a business plan and monthly operating budget in detail for each fiscal yearFiscal Year and subsequent four Fiscal Years, monthly operating expenses and profit and loss projections and projections, cash flow projections and a capital expenditure budget for the fiscal yearsuch Fiscal Year and subsequent Fiscal Years.
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Budgets Approval. At least thirty (30) days prior to the commencement of each fiscal year, prepare and submit to, and obtain in respect thereof the approval of the majority of the members of the Board of Directors, a business plan and monthly operating budget in detail for each fiscal year, monthly operating expenses and profit and loss projections and cash flow projections and a capital expenditure budget for the such fiscal year.
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