Common use of Interim Budgets Clause in Contracts

Interim Budgets. For any period during which no Budget has been duly adopted by the Executive Committee, the Executive Committee shall be deemed to have approved, and, without any further act of any Partner being required, the Partners shall be bound by a Budget consisting of the following items:

Appears in 3 contracts

Samples: Company) Partnership Agreement (Shipyard River Coal Terminal Co), Partnership Agreement (Shipyard River Coal Terminal Co), Partnership Agreement (Shipyard River Coal Terminal Co)

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Interim Budgets. For any period during which no Budget has --------------- been duly adopted by the Executive Committee, the Executive Committee shall be deemed to have approved, and, without any further act of any Partner being required, the Partners shall be bound by a Budget consisting of the following items:

Appears in 3 contracts

Samples: Partnership Agreement (Princess Beverly Coal Holding Co Inc), Partnership Agreement (Princess Beverly Coal Holding Co Inc), Partnership Agreement (Princess Beverly Coal Holding Co Inc)

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