Process for Succeeding Budgets Sample Clauses

Process for Succeeding Budgets. Annually and at least forty- five (45) days prior to the commencement of each fiscal year of Business Manager, Business Manager, in consultation with the Policy Board, shall prepare and deliver to Practice for Practice's approval a proposed Budget, setting forth an estimate of Practice's revenues and expenses for the upcoming fiscal year (including, without limitation, the Dispensary Business Budgeted Practice Expense, the Principal Services Budgeted Practice Expense, the Dispensary Business Monthly Fee and the Principal Services Monthly Fee). Practice shall review the proposed Budget and either approve the proposed Budget or request any changes within fifteen (15) days after receiving the proposed Budget. The Budget shall be adopted by Practice after reasonable review and comment and may be revised or modified only in consultation with Business Manager. Once approved each succeeding Budget shall be attached hereto and made a part hereof.
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Process for Succeeding Budgets. Annually and at least thirty (30) days prior to the commencement of each fiscal year of PC, Business Manager, in consultation with PC's representative to the Policy Board, shall prepare and deliver to PC for PC's approval a proposed Budget, setting forth an estimate of PC's revenues and expenses for the upcoming fiscal year (including, without limitation, the Management Fee and Performance Fee associated with the services provided by Business Manager hereunder). PC shall review the proposed Budget and either approve the proposed Budget or request any changes within fifteen (15) days after receiving the proposed Budget. The Budget shall be adopted by PC after its approval thereof and may be revised or modified only in consultation with the Business Manager.
Sample 1Sample 2See All (6)
Process for Succeeding Budgets. Annually and at least thirty ------------------------------ (30) days prior to the commencement of each fiscal year of PA, Business Manager, in consultation with PA's representative to the Policy Board, shall prepare and deliver to PA for PA's approval a proposed Budget, setting forth an estimate of PA's revenues and expenses for the upcoming fiscal year (including, without limitation, the Management Fee and Performance Fee associated with the services provided by Business Manager hereunder). PA shall review the proposed Budget and either approve the proposed Budget or request any changes within fifteen (15) days after receiving the proposed Budget. The Budget shall be adopted by PA after its approval thereof and may be revised or modified only in consultation with the Business Manager.
Sample 1
Process for Succeeding Budgets. Annually and at least thirty (30) days prior to the commencement of each fiscal year of PC, Business Manager, in consultation with PC, shall prepare and deliver to PC for PC's approval a proposed Budget, setting forth an estimate of PC's revenues and expenses for the upcoming fiscal year (including, without limitation, the cash requirements to operate the business, including the payment of expenses, and the Management Fee associated with the services provided by Business Manager hereunder). PC shall review the proposed Budget and either approve the proposed Budget or request any changes within fifteen (15) days after receiving the proposed Budget. The Budget shall be adopted by PC after its approval thereof and may be revised or modified only in consultation with the Business Manager. PC shall not be in default of any of its obligations hereunder if PC fails to perform because it lacks sufficient funds to perform its required functions.
Sample 1
Process for Succeeding Budgets. For any Successive Term, Provider will prepare in good faith an annual budget reflecting, in detail reasonably acceptable to the County, (i) the anticipated revenues and expenses for the Successive Term and (ii) the sources and uses of capital for growth in the Center and the Center’s expenses. The budgets shall be prepared to reflect the County as the payor of last resort for the Services, Facility, Center, and any other costs associated with operation of the Center. Provider shall present the proposed budget for the Successive Term to the County for review by April 1 of the preceding fiscal year or as otherwise requested by the County, and shall thereafter present any proposed modifications to be incorporated into the proposed final budget no later than the date reasonably determined by the County and communicated to Provider. All proposed budgets and proposed modifications thereto shall be subject to the reasonable approval by the County; provided, however, such approval shall not limit or modify the County’s rights stated elsewhere in this Agreement. Provider will respond promptly to requests for information or modifications in connection with any proposed budget submitted to the County. If Provider receives written notice of budget disapproval, Provider shall submit a revised proposed budget to the County for approval in the manner set forth above. In the event the County and Provider are unable to finalize a budget by the beginning of the fiscal year, until it is finalized, the budget from the prior year will be deemed to be adopted as the budget for the current year.
Sample 1
Process for Succeeding Budgets. Annually and at least thirty (30) days prior to the commencement of each fiscal year of New PA, Business Manager, in consultation with New PA's representatives to the Policy Board (or Joint Policy Board), shall prepare and deliver to New PA for New PA's approval a proposed Budget, setting forth an estimate of New PA's revenues and expenses for the upcoming fiscal year (including, without limitation, the Management Fee and Performance Fee associated with the services provided by Business Manager hereunder). New PA shall review the proposed Budget and either approve the proposed Budget or request any changes within twenty-one (21) days after receiving the proposed Budget. Upon the Budget's adoption by New PA after reasonable review and comment, the Budget may be revised or modified only after consultation with the Business ----------------- *This information has been omitted from this exhibit and is subject to a request for confidential treatment. In accordance with Rule 24b-2 under the Securities Exchange Act of 1934, as amended, such information has been filed separately with the Securities and Exchange Commission.
Sample 1
Process for Succeeding Budgets. Annually and at least thirty (30) days prior to the commencement of each fiscal year of PA, Business Manager, in consultation with PA's representative to the Policy Board, shall prepare and deliver to PA for PA's approval
Sample 1
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Related to Process for Succeeding Budgets

  • Fees for Service and Taxes A. The Local Exchange Company will not be charged a fee for storage services provided by BST to the Local Exchange Company, as described in Section I of this Agreement. B. Sales, use and all other taxes (excluding taxes on BST’s income) determined by BST or any taxing authority to be due to any federal, state or local taxing jurisdiction with respect to the provision of the service set forth herein will be paid by the Local Exchange Company. The Local Exchange Company shall have the right to have BST contest with the imposing jurisdiction, at the Local Exchange Company’s expense, any such taxes that the Local Exchange Company deems are improperly levied.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Operating Budgets (i) The Borrowers shall, not later than thirty (30) days before the Commercial Operation Date for any Plant, adopt an Operating Budget with respect to such Plant and an updated aggregate Operating Budget for the Project from such date to the conclusion of the calendar year immediately following the then-current calendar year and provide a copy of such operating plan and budget at such time to the Administrative Agent. (ii) No less than sixty (60) days in advance of the beginning of each calendar year with respect to each Plant that has achieved its Commercial Operation Date, the Borrowers shall similarly adopt an operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses and Maintenance Capital Expenses for the ensuing two (2) calendar years for each Plant that has achieved its Commercial Operation Date and an aggregate operating plan and budget for the Project and provide a copy of each such operating plan and budget at such time to the Administrative Agent. (Each such operating plan and budget is herein called an "Operating Budget"). (iii) Each Operating Budget shall include the same items and detail as provided in the Financial Model and be prepared in accordance with a form similar to the Madera Operating Budget delivered on the Closing Date (or a form otherwise approved by the Administrative Agent) and shall become effective upon approval of the Administrative Agent (acting in consultation with the Consultants if the Administrative Agent reasonably determines that such consultation is necessary or desirable). The Administrative Agent's approval of such updated Operating Budgets shall not be unreasonably withheld or delayed. (iv) If the Borrowers have not adopted an annual Operating Budget covering the applicable two-year period for each Plant that has achieved its Commercial Operation Date and for the Project before the beginning of any calendar year following the Madera Funding or any Operating Budget adopted by the Borrowers has not been accepted by the Administrative Agent before the beginning of any upcoming calendar year, the Operating Budget for each relevant Plant for the preceding calendar year shall, until the adoption of an annual Operating Budget by the Borrowers and acceptance of such Operating Budget by the Administrative Agent, be deemed to be in force and effective as the annual Operating Budget for such Plant for such upcoming calendar year; provided that if the initial Operating Budget for any Plant is not approved by the Administrative Agent, the Borrowers may use a budget for such Plant that is consistent with the Financial Model until an initial Operating Budget is approved, and the Borrowers shall work diligently to prepare an initial Operating Budget for each Plant that is acceptable to the Administrative Agent. (v) If either the actual Operation and Maintenance Expenses or Maintenance Capital Expenses for any Fiscal Quarter is in excess of the applicable Permitted Operating Budget Deviation Levels, the Borrowers may deliver to the Administrative Agent and the Consultants a proposed updated Operating Budget(s), which shall be subject to approval by the Administrative Agent. Such proposed updated Operating Budget(s) shall not become effective until approved by the Administrative Agent. (vi) Each Operating Budget delivered to the Administrative Agent pursuant to this Section 7.01(j) shall be accompanied by a memorandum addressing all material deviations from the Financial Model.

  • Accounting Methods and Financial Records Maintain a system of accounting, and keep such books, records and accounts (which shall be true and complete in all material respects) as may be required or as may be necessary to permit the preparation of financial statements in accordance with GAAP and in compliance with the regulations of any Governmental Authority having jurisdiction over it or any of its properties.

  • CAPITAL CHANGES AND BUSINESS SUCCESSIONS The Plan contains provisions covering the treatment of options in a number of contingencies such as stock splits and mergers. Provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference.

  • Accounting Methods Implement or adopt any change in its accounting principles, practices or methods, other than as may be required by generally accepted accounting principles.

  • Fees for Services The compensation of the Subadviser for its services under this Agreement shall be calculated and paid by the Adviser in accordance with the attached Schedule C. Pursuant to the Investment Advisory Agreement between the Fund and the Adviser, the Adviser is solely responsible for the payment of fees to the Subadviser.

  • Contract Amount and Payment for Services The total amount of this Contract shall not exceed $436,091.00, as provided for in Attachment B – Budget.

  • CALCULATION OF LOSS FOR SHORT SALE LOANS No Preceeding Loan Mod under Loss Share

  • Charges for Services In consideration for the Services, Client agrees to pay to Consultant the sum of Two Hundred Thousand (200,000) shares of the common stock of Client, which shall be issued to Consultant as soon as practical following execution hereof, free and clear of all liens, encumbrances and restrictions as provided in Section 4 hereof.

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