MBX FACILITY MASTER PLAN AND BUDGET Sample Clauses

MBX FACILITY MASTER PLAN AND BUDGET. MBX, in consultation with any appointed Project Team, and with the assistance of such Third Party consultants as shall be approved by the Steering Committee, shall develop a plan and budget for the acquisition or Construction of the MBX Formulation Facility or gaining access to a Third Party formulation facility (the "MBX Facility Master Plan and Budget") and submit same to the Steering Committee for approval. MBX will use Commercially Reasonable Efforts to implement the MBX Facility Master Plan and Budget. The MBX Facility Master Plan and Budget shall be amended, from time to time, in an effort to ensure that it remains sufficiently accurate and complete so that if the activities called for in the MBX Facility Master Plan and Budget were to be executed in accordance with its terms, MBX would have satisfied all of its obligations hereunder with respect to the acquisition or Construction of MBX Formulation Facility or gaining access to a third Party formulation facility. The MBX Facility Master Plan and Budget shall be subject to amendment in the event that MBX reasonably expects that the total amount set forth in the budget within the MBX Facility Master Plan and Budget will not be sufficient to fund the activities remaining to be performed under the MBX Facility Master Plan and Budget. Such amendments to the MBX Facility Master Plan and Budget will include an updated budget with a description and the amount of all additional costs and expenses that MBX desires to have designated as Construction Costs. Such amendments to the MBX Facility Master Plan and Budget will be subject to the approval of the Steering Committee, subject to the standards set forth in Section 3.1.3. For avoidance of doubt, no amendment to the MBX Facility Master Plan and Budget will be required due to a variance in the actual cost of a particular item or service as compared to the budgeted cost of such item or service unless such variance (alone or cumulatively with other such variances) causes MBX to reasonably expect that the total amount set forth in the budget within the MBX Facility Master Plan and Budget will not be sufficient to fund the activities remaining to be performed under the MBX Facility Master Plan and Budget.
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MBX FACILITY MASTER PLAN AND BUDGET. MBX, in consultation with any appointed Project Team, and with the assistance of such Third Party consultants as shall be approved by the Steering Committee, shall develop a plan and budget for the acquisition or Construction of the MBX Formulation Facility or gaining access to a Third Party formulation facility (the "MBX Facility Master Plan and Budget") and submit same to the Steering Committee for approval. MBX will use Commercially Reasonable Efforts to implement the * CONFIDENTIAL TREATMENT REQUESTED

Related to MBX FACILITY MASTER PLAN AND BUDGET

  • Business Plan and Budget To the extent requested by any Initial Lender, as soon as available, but in any event within thirty (30) 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 satisfactory to such Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a monthly basis for the immediately following fiscal year. As to any information contained in materials filed with the SEC or furnished pursuant to Section 6.2(f), the Borrower shall not be separately required to furnish such information under Section 6.1(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 6.1(a) and (b) above at the times specified therein.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Annual Business Plan and Budget As soon as practicable and in any event not later than thirty (30) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four (4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet, calculations demonstrating projected compliance with the financial covenants set forth in Section 9.15 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period.

  • Development of the Project The Board of Managers shall take such actions as shall be required to cause either the Company or the Management Company (as defined in Section 9(b) below) to perform and complete the construction and other development work as contemplated and/or required under the NVR Purchase and Sale Agreements, or any other construction company selected by the Board of Managers (the “Development Work”), substantially in accordance with the Project Plan, at a cost to the Company not exceeding the total cost set forth in the Budget, in a manner consistent with this Agreement and all applicable laws, ordinances, rules, regulations or requirements (including, without limitation, those with respect to discrimination) of governmental authorities, and in compliance with any covenants, conditions or restrictions affecting all or any portion of the Property.

  • Development Plan As defined in Section 3.2(a).

  • Project Budget The budget approved by Member Consent for the acquisition, construction, development, marketing and financing of the Project. The initial Project Budget is attached hereto as Exhibit G.

  • Annual Business Plan and Budgets As soon as available but in any event no later than 45 days following the end of each fiscal year of the Borrower, an annual business plan and budget of the Consolidated Parties containing, among other things, pro forma financial statements for the next four fiscal quarters and the next fiscal year.

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Approved Budget The Manager shall use its commercially reasonable efforts to prepare and deliver to the Company a revised budget that has been approved by the Board of Directors (the “Approved Budget”) by December 31 of the preceding Fiscal Year. However, the Company acknowledges that the Approved Budget is only an estimate of the performance of the Vessels and the Manager makes no assurance, representation or warranty that the actual performance of the Vessels in the applicable Fiscal Year will correspond to the estimates contained in the Approved Budget for such Fiscal Year. The Parties acknowledge that any projections contained in the Approved Budget are subject to and may be affected by changes in financial, economic and other conditions and circumstances beyond the control of the Parties.

  • Construction Budget Administrative Agent shall have received each of the Construction Budget in form and substance reasonably satisfactory to Administrative Agent (in consultation with the Independent Engineer).

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