Financial and Operating Plan Sample Clauses

Financial and Operating Plan. The Company will prepare and submit to the Public Parties a plan describing in general terms the financing and operating plan for the Project (the “Financing and Operating Plan”). This Financing and Operating Plan will include a projected budget for the Project as well as a statement of proposed sources and uses of funds that will be used to develop the Project.
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Financial and Operating Plan. On or prior to the Initial Closing, the Company’s management team, and the Company’s board of directors shall have agreed upon a financial and operating plan, attached hereto as Exhibit E, in a form satisfactory to the Investors for the 24 months following the Initial Closing and such financial and operating plan shall be delivered to the Investors at the Initial Closing.
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Financial and Operating Plan. With assistance from Consultant, the District will develop a written financial and operating plan for the District consistent with the requirements of this Agreement (“Financial and Operating Plan”). The Financial and Operating Plan must include and be consistent with the Educational Plan and emphasize the need for action and timely resolution of the financial difficulties confronting the District. In developing a Financial and Operating Plan, the District will consult with ISD. The initial Financial and Operating Plan for the District must be submitted to the Treasurer by no later than December 15, 2013, and preferably sooner. Before taking effect, a Financial and Operating Plan must be reviewed and approved by the Treasurer. Upon approval by the Treasurer, the District has responsibility for the timely and effective implementation of the Financial and Operating Plan consistent with the requirements of this Agreement. Consistent with Section 11(3) of the Act, the Financial and Operating Plan may serve as a deficit elimination plan otherwise required by law, if approved by the Treasurer and the State Superintendent.
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Financial and Operating Plan. (a) With assistance from the Consultant, the Superintendent shall develop a written financial and operating plan for the District consistent with this agreement. District officers and employees shall assist the Superintendent in the development of the plan as requested by the Superintendent. After consultation with the Consultant, the Board shall approve the plan developed by the Superintendent, with or without modifications. By December 31, 2014, the Superintendent shall submit to the Treasurer the plan approved by the Board. Before taking effect, the plan must be reviewed and approved by the Treasurer. If disapproved by the Treasurer, the District shall develop and submit a revised plan using the procedures detailed in this subsection for an initial plan. (b) Upon approval by the Treasurer, the District shall be responsible for the timely and effective implementation of the financial and operating plan approved by the Treasurer under subdivision (a) (“Financial and Operating Plan”). Consistent with section 11(3) of Act 436, the Financial and Operating Plan will serve as a deficit elimination plan otherwise required by law. (c) The Financial and Operating Plan will have the objectives of assuring that the District is able to provide or cause to be provided governmental services essential to the public health, safety, and welfare and assuring the fiscal accountability of the District in a timely manner. (d) The Financial and Operating Plan will provide for all of the following: (1) the conduct of all aspects of the operations of the District within available resources and projected cash flow; (2) payment of scheduled debt service requirements on bonds, notes, and municipal securities of the District, contract obligations in anticipation of which bonds, notes, and municipal securities are issued, and all other uncontested legal obligations of the District; (3) modification, rejection, termination, and renegotiation of contracts of the District to the extent authorized by law, this agreement, and approved by the Treasurer; (4) timely deposit of required payments to the Michigan Public School Employees Retirement System established by the Public School Employees Retirement Act of 1979, 1980 PA 380, MCL 38.1301 to 38.1347, or any other pension plan in which the District participates; (5) efforts to attract additional students to enroll in the District; (6) the reinvestment, consistent with the Educational Plan, of surplus funds in the educational needs of the ...
Sample 1
Financial and Operating Plan. Annually (but in any event at ---------------------------- least thirty (30) days prior to the commencement of each fiscal year of the Company), the Managing Member shall prepare and deliver to the other Members the financial and operating plan ("Plan") of the Company for the next fiscal year, which Plan shall include a description, in reasonable detail, of the Company's proposed plan of operations for the next fiscal year and projected financials, including statements of income and a projected cash flow statement for such fiscal year and a projected balance sheet as of the end of such fiscal year. The other Members shall have the right to ask questions and receive additional detail and description on the proposed Plan, to the extent the Managing Member possesses or can obtain such information without unreasonable effort or expense. The Managing Member shall revise or modify the Plan subject to the comments of the other Members. The Members shall unanimously approve the Plan no later than the first day of such fiscal year to which such Plan relates.
Sample 1
Financial and Operating Plan. On or prior to December 31, 2005, the Board shall approve a financial and operating restructuring plan.
Sample 1

Related to Financial and Operating Plan

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Contractual and Operational Compliance Audits (a) ICANN may from time to time (not to exceed twice per calendar year) conduct, or engage a third party to conduct, contractual compliance audits to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. Such audits shall be tailored to achieve the purpose of assessing compliance, and ICANN will (a) give reasonable advance notice of any such audit, which notice shall specify in reasonable detail the categories of documents, data and other information requested by ICANN, and (b) use commercially reasonable efforts to conduct such audit during regular business hours and in such a manner as to not unreasonably disrupt the operations of Registry Operator. As part of such audit and upon request by ICANN, Registry Operator shall timely provide all responsive documents, data and any other information reasonably necessary to demonstrate Registry Operator’s compliance with this Agreement. Upon no less than ten (10) calendar days notice (unless otherwise agreed to by Registry Operator), ICANN may, as part of any contractual compliance audit, conduct site visits during regular business hours to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. ICANN will treat any information obtained in connection with such audits that is appropriately marked as confidential (as required by Section 7.15) as Confidential Information of Registry Operator in accordance with Section 7.15.

  • Management and Operation of Business Section 7.1 Management 47 Section 7.2 Certificate of Limited Partnership 48 Section 7.3 Restrictions on Managing General Partner’s Authority 49 Section 7.4 Reimbursement of the Managing General Partner 49 Section 7.5 Outside Activities 50 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 51 Section 7.7 Indemnification 53 Section 7.8 Liability of Indemnitees 54 Section 7.9 Resolution of Conflicts of Interest 55 Section 7.10 Other Matters Concerning the Managing General Partner 57 Section 7.11 Purchase or Sale of Partnership Securities 57 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 57 Section 7.13 Reliance by Third Parties 59

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Delegation and Operation OF TOP–LEVEL DOMAIN; REPRESENTATIONS AND WARRANTIES

  • Communications and Operations Management a. Network Penetration Testing - DST shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. DST shall have a process to review and evaluate high risk findings resulting from this testing.

  • Maintenance and Operation Member-Generator agrees to maintain their system and facilities in accordance with applicable manufacturer's recommended maintenance schedule and standard prudent engineering practices. Member-Generator covenants and agrees to operate their system, facilities and equipment so as to minimize the likelihood for a malfunction or other disturbance, damaging or otherwise affecting or impairing Cooperative’s electrical system. Member-Generator shall comply with all applicable laws, regulations, zoning, building codes, safety rules and other environmental regulations or restrictions applicable to the design, installation, operation and maintenance of the Member-Generator's System.

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