Business Plan; Budget Sample Clauses

Business Plan; Budget. The Administrative Agent shall have received a Business Plan and operating budget for a period of at least 12 months following the Effective Date.
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Business Plan; Budget. (a) All of the Members have adopted an initial one-year business plan for the Company and shall cause to be prepared annual business plan for each succeeding year. Each business plan shall include (i) an operating budget, (ii) a budget for capital expenditures, (iii) a budget for capital contributions required from the Members (collectively, the "Budget"), (iv) sales and marketing plan, (v) financial pro forma balance sheet, income statement and statement of cash flows, and (vi) performance milestones (collectively, a 33 "Business Plan"). Once approved as provided in this Section 7.10, the Budget may not be revised without the approval of Members with Investment Percentages aggregating at least 66 2/3%. The methodology for allocation of overhead in each Business Plan shall be that utilized in the initial one-year Business Plan, unless an alternative allocation method shall be agreed to by the Members with Investment Percentages aggregating at least 66 2/3%.
Sample 1
Business Plan; Budget. 7.1 BUSINESS PLAN & Budget The relevant officers of the Company shall prepare at least two months prior to the close of each Accounting Year and the Board shall review, amend and, if deemed appropriate, approve prior to the close of such Accounting Year a business plan and a budget comprised of a balance sheet, profit and loss statement, cash flow statement, capital expenditure statement and funding requirements schedule covering the five year period commencing at the close of such Accounting Year. The Shareholders shall determine broad guidelines for drawing up the business plan to include having a best in class network and customer service platform, best branding, sufficient cash requirement to tackle competition and with an initial focus on voice telephony.
Sample 1
Business Plan; Budget. (a) The Members shall cause to be prepared an annual business plan for the Company for each year during the Term. Each business plan shall include (i) an operating budget, (ii) a budget for capital expenditures, (iii) a budget for capital contributions required from the Members (collectively, the “Budget”), (iv) sales and marketing plan, (v) financial pro forma balance sheet, income statement and statement of cash flows, and (vi) performance milestones (collectively, a “Business Plan”). Each Budget shall set forth the operations of the Company (including provision for employee incentive compensation, employee benefits and compensation pursuant to the Management Agreement) between January 1 to December 31 of the applicable year and shall be prepared by the manager (the “Manager”) of the Company (pursuant to the terms of the Management Agreement). The Budget and Business Plan shall be approved by the Members in accordance with the terms of Section 7.7.
Sample 1
Business Plan; Budget. (a) The Company shall prepare an initial detailed business plan for the fiscal year ended December 31, 1998, to be based upon the Phase I business plan attached hereto as Exhibit K (the "Phase I Business Plan"), unless otherwise agreed upon by the Members, and presented to the Members Committee within 30 days of the Effective Date. The Company shall also prepare an annual Business Plan for each year thereafter based upon the Phase I Business Plan, unless otherwise agreed upon by the Members. Each such annual Business Plan shall include the following: (i) an annual operating budget; (ii) an annual budget for capital expenditures; (iii) a budget for capital contributions required from the Members; (iv) a sales and marketing plan and (v) pro-forma financial balance sheet, income statement and statement of cash flows (clauses (i) through (v) are collectively referred to herein as the "Business Plan", and for 1998 shall be referred to as the "1998 Business Plan"). It is the intention of the Members that the 1998 Business Plan and each succeeding Business Plan be prepared so as to conduct the Company's business in accordance with the details contained in the Phase I Business Plan. Each annual Business Plan, including the 1998 Business Plan, must be approved by the Members Committee.
Sample 1
Business Plan; Budget. (1) Within thirty (30) days, the Board shall prepare, implement, and thereafter ensure Bank adherence to a written three-year business plan that shall include projections of major balance sheet and income statement components, and shall provide for injections of equity capital, as necessary.
Sample 1
Business Plan; Budget 
Sample 1
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Related to Business Plan; Budget

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1999-2006 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through the final maturity of the Term Loans.

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form satisfactory to the Administrative Agent and the Required Lenders, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Budget 1. The Grantee budget for grant activities for the 2022 Summer Program and State fiscal year 2023 is $494,864. Any funds received under this grant will not be used to supplant funds normally budgeted for programs or service of the same or similar type.

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and the Senior Facility Agent with a copy of such operating plan and budget (the “Operating Budget”). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Senior Facility Agent, acting reasonably and in consultation with the Independent Engineer; provided, that if the Senior Facility Agent shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided, further that the Senior Facility Agent shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Annual Budget Prior to the date hereof, Borrower has submitted and Lender has approved an Annual Budget for the 2015 calendar year (the “Approved Initial Budget”). Borrower shall submit to Lender by November 1 of each year the Annual Budget relating to the Properties for the succeeding Fiscal Year. During the continuance of a Trigger Period, Lender shall have the right to approve each Annual Budget (which approval shall not be unreasonably conditioned, delayed or withheld so long as no Event of Default is continuing). An Annual Budget approved by Lender during a Trigger Period or any Annual Budget submitted prior to the commencement of a Trigger Period, shall each hereinafter be referred to as an “Approved Annual Budget”. In the event of a Transfer of any Property the Approved Annual Budget shall be reduced as reasonably determined by Lender in consultation with Borrower in order to reflect the removal of such Property and the Operating Expenses associated therewith; provided, further, that no such reduction shall be made in the event such Transfer is made in connection with a substitution under Section 2.4.3(a). If Lender has the right to approve an Annual Budget pursuant to this Section 6.8.3, neither Borrower nor Manager shall change or modify the Annual Budget that has been approved by Lender without the prior written consent of Lender (which consent shall not be unreasonably withheld, conditioned or delayed so long as no Event of Default is continuing). The “Monthly Budgeted Amount” for each Monthly Payment Date shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses and Capital Expenditures for the Interest Period related to such Monthly Payment Date. If during any Trigger Period, Borrower has submitted an Annual Budget and such Annual Budget has not been approved prior to the commencement of the calendar year to which such budget relates then the previous Approved Annual Budget shall continue to be deemed to be the Approved Annual Budget for that calendar year, except that the line item for Capital Expenditures shall not exceed the Capital Expenditures set forth in the Approved Initial Budget.

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