Common use of Draft Budgets Clause in Contracts

Draft Budgets. On or before December 15 of each year, the Manager, in consultation with the President and the Chief Financial Officer, shall prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Board of Directors and generally used by the Manager, which shall include: (1) a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and alterations, including proposed expenditures in respect of drydockings, together with an analysis as to when and why such expenditures, repairs and alterations may be required (the “Draft Budget”).

Draft Budgets. On or before December 15 November 30 of each year, the Manager, in consultation with the President Chief Executive Officer and the Chief Financial Officer, shall prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Board of Directors and generally used by the Manager, which shall include: (1) a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and alterations, including proposed expenditures in respect of drydockings, together with an analysis as to when and why such expenditures, repairs and alterations may be required (the “Draft Budget”).

Draft Budgets. On or before December 15 of each year, the Manager, in consultation with the President and the Chief Financial OfficerCompany, shall prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Board of Directors and generally used by the Manager, which shall include: (1) include a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and alterations, including proposed expenditures in respect out of drydockings, together with an analysis as to when and why such expenditures, repairs and alterations may be required pocket expenses (the “Draft Budget”).

Draft Budgets. On or before December 15 October 31 of each year, the Manager, in consultation with the President Chief Executive Officer and the Chief Financial Officer, shall prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Company’s Board of Directors and generally used by the Manager, which shall include: (1) a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and or alterations, including proposed expenditures in respect of drydockingsdry-docking, together with an analysis as to when and why such expendituresreplacements, repairs and alterations improvements, renovations or expenditures may be required (the “Draft Budget”).

Draft Budgets. On or before December 15 October 31 of each year, the Manager, in consultation with the President Chief Executive Officer and the Chief Financial Officer, shall will prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Company’s Board of Directors and generally used by the Manager, which shall will include: (1) a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and or alterations, including proposed expenditures in respect of drydockingsdry-docking, together with an analysis as to when and why such expendituresreplacements, repairs and alterations improvements, renovations or expenditures may be required (the “Draft Budget”).

Draft Budgets. On or before December 15 October 31 or thereabouts of each year, the Manager, in consultation with the Chief Executive Officer, the President and Chief Operating Officer and the Chief Financial Officer, shall will prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Board of Directors and generally used by the ManagerDirectors, which shall will include: (1) a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and or alterations, including proposed expenditures in respect of drydockingsdry-docking, together with an analysis as to when and why such expendituresreplacements, repairs and alterations improvements, renovations or expenditures may be required (the “Draft Budget”).

Draft Budgets. On or before December 15 of each year, the Manager, in consultation with the President and the Chief Financial OfficerCompany, shall prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Board of Directors and generally used by the Manager, which shall include: (1) a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and alterations, including proposed expenditures in respect of drydockings, together with an analysis as to when and why such expenditures, repairs and alterations may be required (the “Draft Budget”).

Draft Budgets. On or before December 15 of each year, the Manager, in consultation with the President and the Chief Financial OfficerCompany, shall prepare and submit to the Board of Directors a detailed draft budget for the next Fiscal Year in a format acceptable to the Board of Directors and generally used by the Manager, which shall include: (1) a statement of estimated revenue and expenses, including Costs and Expenses; and (2) a proposed budget for capital expenditures, repairs and alterations, including proposed expenditures in respect of drydockings, together with an analysis as to when and why such expenditures, repairs and alterations may be required (the “"Draft Budget”").