Five-Year Business Plan Clause Samples

The Five-Year Business Plan clause requires a party, typically a company or joint venture, to prepare and present a comprehensive business plan covering a five-year period. This plan usually outlines projected financials, operational strategies, key milestones, and anticipated challenges, and may need to be updated or reviewed periodically. By mandating the creation and maintenance of a long-term business plan, the clause ensures that all stakeholders have a clear, forward-looking roadmap, facilitating strategic alignment and informed decision-making.
Five-Year Business Plan. Concurrently with the preparation of the Annual Business Plan for each Fiscal Year, the President shall cause to be prepared and shall present to the Board a five (5) year rolling business plan (the “Rolling Business Plan”) of which the first year shall be the Annual Business Plan for such Fiscal Year. Each Rolling Business Plan shall contain, inter alia, (a) pro forma financial statements (projected profit and loss, balance sheet, and changes in financial position) for the succeeding five (5) Fiscal Year period, (b) projected expenditures (expense and capital) for the succeeding five (5) Fiscal Year period, (c) financing plans, cash requirements, loan commitments and Capital Contribution commitments for the succeeding five (5) Fiscal Year period, (d) projected distributions for the succeeding five (5) Fiscal Year period, (e) the amount of money to be spent by the Company on research and development and Intellectual Property development activities for each Fiscal Year in the succeeding five (5) Fiscal Year period, and (f) such other relevant reports and topics as are set forth in the initial Rolling Business Plan (as may be modified, amended or supplemented by the Members in accordance with this Agreement, the “Initial Rolling Business Plan”). The Members shall be obligated to fund (i) (A) the loan commitments scheduled to occur during the first thirty-six (36) months in the Initial Rolling Business Plan and (B) the loan commitments scheduled to occur during the first three (3) Fiscal Years in each other Rolling Business Plan approved by Majority Consent of the Board (each such loan, a “Three-Year Business Plan Loan Commitment”) and (ii) (A) the Capital Contribution commitments scheduled to occur during the first thirty-six (36) months in the Initial Rolling Business Plan and (B) the Capital Contribution commitments scheduled to occur during the first three (3) Fiscal Years in each other Rolling Business Plan approved by Majority Consent of the Board (each such Capital Contribution, a “Three-Year Business Plan Capital Contribution Commitment”), in the case of each of clauses (i) and (ii), in proportion to their respective Percentage Interests at the time such loan or Capital Contribution is required to be funded by such Rolling Business Plan, except to the extent the Board determines by Majority Consent such Three-Year Business Plan Loan Commitments or Three-Year Business Plan Capital Contribution Commitments shall be funded in a different proportion. Othe...
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Five-Year Business Plan. A. The Five Year Business Plan (including volume, income statement, balance sheet, capital investments, marketing plans and strategies, etc.) will be reviewed by CFO, COO and CEO (“Executive Management”) and presented to the Board of Directors for approval each year. R R R A B. Significant modifications to the Five Year Business Plan R R R A
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Five-Year Business Plan. As soon as practicable after the execution of this Agreement, CTC and AWS Sub will agree on a five-year high-level business plan (the "Five-Year Business Plan"), which shall include business forecasts, appropriate explanations of the Manager's proposed strategy, with details of assumptions used, and in addition will set forth the general goals and parameters for the
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Five-Year Business Plan. Purchaser shall have provided a five-year business plan acceptable to Company with respect to the Salt Life brand; provided, however, such business plan shall be non-binding and shall not impair Purchaser's right, subject to any applicable fiduciary duties under state corporate law, to operate the Business and Purchaser's and its Affiliates' other businesses, whether now owned or hereafter acquired, in Purchaser's best commercial judgment.
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Five-Year Business Plan. A strategic business plan that outlines in detail the approach of scheduling ▇▇▇▇▇▇ produced shows and booking of 3rd party rentals and events including projections on revenue and expenses related to the operation of the facility. This plan shall also include staffing requirements and shall be updated one year from the approval by the City of the initial Five Year Business Plan and at least once every two years thereafter. All reports and updates shall be provided to the City on a regular schedule to be developed and agreed upon by the parties. The Business Plan shall include proposals to utilize the following rentable spaces: 250-seat ▇▇▇▇▇▇▇▇▇▇ Family Mainstage, Peach State Federal Credit Union Studio, 500-seat Grand Stage Theatre, ▇▇▇▇▇▇ Cabaret, ▇▇▇▇▇▇▇ Gallery, Borders Rehearsal Hall, and the Outdoor Courtyard, and shall include plans for the accrual of capital accounts to fund expected capital expenditures. The first-year business plan shall be submitted to the City on or before June 30, 2022. c. is amended by deleting the original paragraph as amended in its entirety and replacing it with the following:
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Five-Year Business Plan. Within 180 days following the effective date of the Services Agreement ProMedCo-SW shall prepare, in collaboration with the physician leadership of NMC, a five year business plan. That business plan shall identify growth opportunities and capital and resource requirements for the achievement of these growth opportunities. The business plan shall then be reviewed and, if accepted, approved by the Policy Council. Following this approval, 0400630.14 080020-015 05/07/97 (1) ProMedCo-SW shall prepare and present to the Policy Council an annual budget for the first calendar year of the Services Agreement, including a capital expenditure budget consistent with the five year business plan. Approval by the Policy Council of this annual budget and capital expenditure budget shall initiate a commitment of capital by ProMedCo consistent with the terms of the Services Agreement. This process shall be repeated each calendar year, and on an as needed basis in the event that business conditions change or opportunities arise.
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Five-Year Business Plan. The BORROWER shall deliver to the ADMINISTRATIVE AGENT on or before each July 31 during the term of the CREDIT FACILITY, commencing with FISCAL YEAR 1996 a CONSOLIDATED and consolidating financial projection analysis for that FISCAL YEAR and the ensuing four (4)
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Five-Year Business Plan. Each Shareholder agrees that, at the meeting of the board of directors of the Company (the "Board") to be held on the date of this letter agreement or immediately thereafter, it shall cause its representatives on the Board to vote in favor of the approval and adoption of the Five Year Business Plan which is attached hereto as Annex A.
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Five-Year Business Plan. A strategic business plan that outlines in detail the approach of scheduling Aurora produced shows and booking of 3rd party rentals and events including projections on revenue and expenses related to the operation of the facility. This plan shall also include staffing requirements and shall be updated one year from the effective date of this Operation Agreement and at least once every two years thereafter. All reports and updates shall be provided to the City on a regular schedule to be developed and agreed upon by the parties. The first three-year strategic plan shall be submitted to the City on or before March 31, 2022. The Business Plan shall include proposals to utilize the following rentable spaces: 250-seat ▇▇▇▇▇▇▇▇▇▇ Family Mainstage, Peach State Federal Credit Union Studio, 500-seat Grand Stage Theatre, ▇▇▇▇▇▇ Cabaret, ▇▇▇▇▇▇▇ Gallery, Borders Rehearsal Hall, and the Outdoor Courtyard, and shall include plans for the accrual of capital accounts to fund expected capital expenditures. The first-year business plan shall be submitted to the City on or before April 15, 2022.
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Related to Five-Year Business Plan

  • Annual Business Plan (a) On or before November 15th of each year during the term of this Agreement, Manager shall prepare and submit to Owner for Owner's prior approval an annual business and leasing plan in accordance with the requirements of EXHIBIT D hereto (as such EXHIBIT D may be modified by Owner from time to time) (the "ANNUAL BUSINESS PLAN"). The Annual Business Plan shall be a comprehensive plan for the management, operation, leasing, repair, maintenance and promotion of the Property and for the other matters set forth on EXHIBIT D. Manager shall consult the Owner concerning the proposed Annual Business Plan and shall promptly incorporate therein such changes as Owner may direct. The Annual Business Plan, and all budgets contained therein, shall be in a form consistent with the Reporting Package. (b) Manager shall: (i) perform its duties hereunder in accordance with the Approved Annual Business Plan; and (ii) use all reasonable efforts to ensure that the actual costs of maintaining and operating the Property do not exceed the operating budget (the "OPERATING BUDGET") which is a part of the Approved Annual Business Plan either in total or in any one accounting category. All actual expenses must be charged to the proper account on a basis consistent with the Operating Budget classifications and Reporting Package. Except in case of emergencies which could reasonably pose a threat of injury to persons or property, in which event Manager shall inform Owner of such emergency within two (2) business days, no expense may be reclassified except as needed to correct an inadvertent error. Manager will secure Owner's prior approval for any expenditure that will result in a variance of the greater of $5,000 or 5% of the annual budgeted amount in any one accounting line item of the Operating Budget. In addition, Manager shall obtain Owner's prior approval for any expenditure in excess of $5,000, regardless of whether such expenditure is set forth in the Approved Annual Business Plan. (c) Owner shall have the right to require changes in the Approved Annual Business Plan from time to time; provided, however, that Owner shall provide Manager with at least fifteen (15) days' notice of such changes.

  • Business Plan The Lenders shall have received a satisfactory detailed business plan of the Borrowers for fiscal years 1996 - 2002 and a satisfactory written analysis of the business and prospects of the Borrowers for the period from the Closing Date through the final maturity of the Term Loans.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Budget 1. The Grantee budget for grant activities for the 2023 Summer Program and State fiscal year 2024 is $ 1,000,267. 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. 2. The Grantee may transfer funds among its administrative budget line items as required to carry out the purposes of the grant. Transfer of funds within specified budget categories do not require approval from OSHE (i.e. moving funds from one counselor position to pay for another), however, any transfer of funds from one category to another will require prior approval from OSHE and will be treated as a modification to the program’s contract Attachment. 3. Any request for a budget modification must be in writing and must include a revised budget. All budget revisions and modifications must be in accordance with the EOF Regulations, Section N.J.A.C. 9A:11-6.11. The Grantee will be liable for all unapproved debts.

  • 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 reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal 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.