Common use of BUDGETS, CORPORATE PLANNING AND EXPENSES Clause in Contracts

BUDGETS, CORPORATE PLANNING AND EXPENSES. 7.1 On or before October 31 of each year the Manager will prepare and submit to the Executive Officers a detailed draft budget for the next fiscal year in a format acceptable to the Executive Officers which will include (i) a statement of estimated revenue and expenses in providing the Crewing & Technical Services and the Commercial Services to the Group and (ii) a proposed budget for capital expenditures, repairs or alterations, including proposed expenditures in respect of dry-docking, together with an analysis as to when and why such replacements, improvements, renovations or expenditures may be required (collectively, the “Draft Budget”).

BUDGETS, CORPORATE PLANNING AND EXPENSES. 7.1 12.1 On or before October 31 of each year the Manager will prepare and submit to the Executive Officers a detailed draft budget for the next fiscal year in a format acceptable to the Executive Officers which will include (i) a statement of estimated revenue and expenses in providing the Crewing & Technical Services and the Commercial Management Services to the Group and (ii) a proposed budget for capital expenditures, repairs or alterations, including proposed expenditures in respect of dry-docking, together with an analysis as to when and why such replacements, improvements, renovations or expenditures may be required (collectively, the “Draft Budget”).

BUDGETS, CORPORATE PLANNING AND EXPENSES. 7.1 SECTION 10.1. On or before October 31 20 of each year calendar year, the Manager will shall prepare and submit to the Executive Officers and Board of Directors a detailed draft budget for the next fiscal calendar year in a format acceptable to the Executive Officers and Board of Directors and generally used by the Manager which will shall include (i) a statement of estimated revenue revenue, estimated general and administrative expenses in providing the Crewing & Technical Services and the Commercial Services to of the Group and (ii) a proposed budget for capital expenditures, repairs or alterations, including proposed expenditures in respect of dry-docking, together with an analysis as to when and why such replacements, improvements, renovations or expenditures may be required (collectively, the “Draft Budget”).

BUDGETS, CORPORATE PLANNING AND EXPENSES. 7.1 SECTION 10.1 On or before October 31 20 of each year calendar year, the Manager will shall prepare and submit to the Executive Officers and Board of Directors a detailed draft budget for the next fiscal calendar year in a format acceptable to the Executive Officers and Board of Directors and generally used by the Manager which will shall include (i) a statement of estimated revenue revenue, estimated general and administrative expenses in providing the Crewing & Technical Services and the Commercial Services to of the Group and (ii) a proposed budget for capital expenditures, repairs or alterations, including proposed expenditures in respect of dry-docking, together with an analysis as to when and why such replacements, improvements, renovations or expenditures may be required (collectively, the “Draft Budget”).