Forecasts Approval Sample Clauses

Forecasts Approval. The Study forecasts will be compared with the FAA’s TAF using the recommended FAA format. Consideration will be given to FAA’s guidance related to forecast consistency with the TAF. The FAA considers a master plan forecast for annual operations and based aircraft to be consistent with the TAF for non-hub airports if forecasts differ by less than 10 percent in the 5-year forecast and 15 percent in the 10-year period. It is not expected that the Master Plan Study Aviation Activity Forecasts will deviate significantly from the FAA’s TAF. This Scope does not include any coordination beyond that outlined in this task. If the Sponsor’s preferred forecast requires additional coordination (with APP-400 in Washington, D.C. for example), then additional fee will be required for Consultant participation. It is assumed only one forecast revision will be prepared based on FAA review and comment. The forecasts will be submitted to the FAA Arkansas/Oklahoma ADO for review and approval. Once approved by the FAA, these findings will be used as part of a chapter in the final Master Plan report. Forecast approval by the FAA will be required before continuing with the Master Plan Study process.
Sample 1
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Forecasts Approval. The Master Plan Study forecasts will be compared with the FAA’s TAF using the recommended FAA format. Consideration will be given to FAA’s guidance related to forecast consistency with the TAF. The FAA considers a master plan forecast for annual operations and based aircraft to be consistent with the TAF for non-hub airports if forecasts differ by less than ten (10) percent in the five (5) year forecast and 15 percent in the (10) ten-year period. The Consultant will compare the Master Plan forecast to the latest FAA TAF for the Airport and any inconsistencies. The forecasts will be submitted to the FAA Denver ADO for review and approval. Once approved by the FAA, these findings will be used as part of a chapter in the final Master Plan report.
Sample 1

Related to Forecasts Approval

  • BOARD’S APPROVAL The Agreements were approved by the Board. Since no Director has material interest in the transactions contemplated under the Agreements, thus none of the Directors abstained from voting at the Board’s meeting to approve the Agreements.

  • Forecasts Any forecasts provided by DXC shall not constitute a commitment of any type by DXC.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

  • Timelines a) Timelines may be extended by mutual consent of the parties.

  • Seller’s Approval Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section IV(c) regarding the financial institution, type of financing, or allocation of closing costs; and

  • Forecasting Manager and Sprint PCS will work cooperatively to generate mutually acceptable forecasts of important business metrics including traffic volumes, handset sales, subscribers and Collected Revenues for the Sprint PCS Products and Services. The forecasts are for planning purposes only and do not constitute Manager's obligation to meet the quantities forecast.

  • FAA APPROVAL This Agreement may be subject to approval of the FAA. If the FAA disapproves this Agreement, it will become null and void, and both Parties will bear their own expenses relative to this Agreement, up to the date of disapproval.

  • Annual Budget (a) The Company and its Subsidiaries shall be operated in accordance with an annual budget, as it may be annually updated from time to time pursuant to this Section 3 (the “Annual Budget”). The initial Annual Budget for the period beginning on the Effective Date and ending on December 31, 2018, including the related variances, is attached hereto as Schedule B-1 (the “Initial Annual Budget”). For each Fiscal Year thereafter, the Asset Manager shall be responsible for preparing and submitting to the Company Board for approval as a Major Decision in accordance with the terms of the Company LLC Agreement a proposed updated Annual Budget, including the related variances. The Annual Budget shall be prepared by the Asset Manager in accordance with the protocols (including the preparation of the back-up materials on the timetable set forth therein) set forth on Schedule B-2 hereto (the “Budget Development Protocols”). The Annual Budget for each Fiscal Year shall be prepared with the same detail and line items as set forth in the Initial Annual Budget and such other detail as the members of the Company Board appointed by the Preferred Partners in accordance with Section 4.3(c) of the Parent LP Agreement (the “Preferred Board Members”) may reasonably request. In connection with the review of a proposed Annual Budget, the Preferred Board Members may reasonably request additional information regarding the materials supporting the proposed Annual Budget or such other information as is necessary or desirable to enable review of such proposed Annual Budget, and the Asset Manager shall provide such requested information. The Preferred Board Members shall consent to or reject the proposed Annual Budget, or request additional information (as provided for above), within ten (10) Business Days following (i) receipt of such proposed Annual Budget or (ii) receipt of all additional information that is, in the determination of the Preferred Board Members, necessary or desirable to enable review of such proposed Annual Budget. The Asset Manager shall comply with the Budget Development Protocols regarding the Preliminary Budget for each Fiscal Year. The Annual Budget shall be prepared and submitted annually by the Asset Manager no later than December 10, 2018 for the next Fiscal Year and thereafter by December 10 of each year with respect to the following Fiscal Year. The Annual Budget for each Fiscal Year shall include use of the pre-funded reserve amounts as shown on Schedule B-3 hereto for the four Fiscal Quarters comprising such Fiscal Year. In connection with the submission of the Annual Budget, the Asset Manager shall also prepare and submit to the Company Board an annual business plan for Parent and its Subsidiaries, including a responsible five-year operations forecast, including the operating metrics set forth on Schedule B-4 hereto (the “Annual Plan”). The Preferred Board Members, or their designated representatives, shall be provided reasonable access to all information, data, reports, models and analyses relied on in developing the Annual Plan (including, for the avoidance of doubt, all financial and silvicultural assumptions, constraints, supporting stand level data, merchantable timber volumes, pre-merchantable acres by species and age class, and acres by land classification).

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