Business Plan and Budget. 9.1 The Company and each of the Mereo Founders undertakes to each Institutional Investor to carry on, develop and expand the business of the Target Group in accordance with the Business Plan. 9.2 The Company shall provide to each Investor, not later than 30 days prior to the start of each financial year: (a) a detailed budget and cash flow forecast for the Group in respect of that financial year; and (b) an updated business plan for the Group, including updated medium and long term assumptions and projections.
Appears in 9 contracts
Samples: Asset Purchase Agreement (Mereo Biopharma Group PLC), Asset Purchase Agreement (Mereo Biopharma Group PLC), Asset Purchase Agreement (Mereo Biopharma Group PLC)
