Draft Annual Budgets Clause Samples
POPULAR SAMPLE Copied 1 times
Draft Annual Budgets. Prior to the Effective Date, the Manager and the Company shall agree upon an initial Annual Budget for the remainder of the Fiscal Year following the Effective Date in the form attached hereto as Exhibit B. With respect to each Fiscal Year thereafter during the term of this Agreement, the Manager shall prepare and provide to the Company, no later than the fifteenth (15th) day of December, a proposed draft budget for such Fiscal Year relating to each Facility in the form attached hereto as Exhibit B. The Manager shall consult with Cinemark when preparing the draft budget for line items relating to the motion picture theater auditoriums, including film rentals, in-theatre advertising and projector repair and maintenance.
Draft Annual Budgets. With respect to each Fiscal Year during the Term, and in a manner consistent with past practice, AMC shall prepare and provide to Owner, no later than the 1st day of the immediately preceding December, a proposed budget for such Fiscal Year relating to the Theatres. To the extent such information is made available or provided to other theatres owned and/or operated by or on behalf of AMC, such budget shall include operating, capital and marketing budgets, detailed buildups of assumptions and detailed management commentary.