Financial and Business Planning. In each year of the Term and any exercised Renewal Term, the Owner will prepare and submit to WPHLI at least 90 days prior to the League’s next opening day (being the date on which the first regular season League game is held), a draft financial and business plan for the Owner’s Team and its operations for the following year. Within 30 days of submission of each draft plan, WPHLI will approve the plan either as submitted by the Owner or with such revisions as may be agreed upon by WPHLI and the Owner, each acting reasonably. The Owner will abide by the approved plan throughout the year for which it has been prepared.
