Plans, Budgets and Schedules Sample Clauses

Plans, Budgets and Schedules. All activities and expenditures pertaining to the business of the Partnership shall be carried out only in accordance with and as limited by development and marketing plans, construction budgets and schedules, and operating budgets approved by the General Partners in writing. The Administrative General Partner shall prepare and submit to the General Partners a development and marketing plan, a construction budget and schedule, and annual operating budgets containing proposed development, marketing and operating activities and revenues and expenditures for a specified succeeding period (collectively, the "Budgets"). Until otherwise agreed to by each General Partner, within ten (10) business days following the delivery of each such plan, budget and schedule, the General Partners shall confer (by telephone or by meeting) to review and consider (i) the specific plans, budget and schedules, (ii) overall development plans, budgets and schedules, (iii) Partnership expenditures and activities from prior periods, and (iv) other Partnership business. Unless the Administrative General Partner shall receive notice from the other General Partner within fifteen (15) business days following submission of a Budget that the Budget is unacceptable, the Administrative General Partner shall be entitled to rely on such Budget and such Budget shall be deemed approved by the Partnership for the next succeeding period (not to exceed twelve (12) months). In the event the other General Partner shall not agree with, or raise any objections to, the proposed annual operating budget, and the General Partners are unable to resolve the disputed or objectionable matters submitted by the Administrative General Partner prior to the commencement of the applicable calendar year, the aggregate amount of the annual operating budget for the preceding calendar year, adjusted upward by the percentage of increase in the Consumer Price Index during such preceding year, shall be deemed to be the annual operating budget in effect until such time as a new annual operating budget has been approved.
Sample 1
AutoNDA by SimpleDocs

Related to Plans, Budgets and Schedules

  • Exhibits and Schedules The Exhibits and Schedules shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein.

  • Clauses and Schedules Any reference in this Agreement to a Clause or a sub-clause or a Schedule is, unless otherwise stated, to a clause or a sub-clause hereof or a schedule hereto.

  • Exhibits and Schedules Incorporated The Exhibits and Schedules annexed hereto are hereby incorporated herein as a part of this Agreement with the same effect as if set forth in the body hereof.

  • Recitals and Schedules References to this Agreement include the recitals and schedules which form part of this Agreement for all purposes. References in this Agreement to the Parties are references respectively to the Parties and their legal personal representatives, successors and permitted assigns.

  • LIST OF EXHIBITS AND SCHEDULES Exhibits

  • Schedules and Exhibits All of the schedules and exhibits attached to this Agreement shall be deemed incorporated herein by reference.

  • Updated Schedules Concurrently with the delivery of the Compliance Certificate referred to in Section 6.02(a), the following updated Schedules to this Agreement (which may be attached to the Compliance Certificate) to the extent required to make the representation related to such Schedule true and correct as of the date of such Compliance Certificate: Schedules 1.01(c), 5.10, 5.20(a), 5.20(b), 5.21(b), 5.21(c), 5.21(d)(i), 5.21(d)(ii), 5.21(e), 5.21(f), 5.21(g) and 5.21(h).

  • Incorporation of Exhibits and Schedules The Exhibits and Schedules identified in this Agreement are incorporated herein by reference and made a part hereof.

  • Records and Schedules of Equipment Each Borrower shall keep accurate and complete records of its Equipment, including kind, quality, quantity, cost, acquisitions and dispositions thereof, and shall submit to Agent, on such periodic basis as Agent may request, a current schedule thereof, in form satisfactory to Agent. Promptly upon request, Borrowers shall deliver to Agent evidence of their ownership or interests in any Equipment.

  • LIST OF SCHEDULES AND EXHIBITS Schedules

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!