Proposed Annual Plan Sample Clauses

Proposed Annual Plan. The Venues shall be operated pursuant to an Annual Plan approved by the parties, and the Annual Plan for the remainder of calendar year 2021 is attached hereto. On or before November 1 of each Operating Year thereafter, Manager shall prepare and cause to be delivered to Owner an operating budget and plan (the “Annual Plan”) for the next Operating Year, prepared in accordance with GAAP and the Uniform System and organized by Venue (as applicable). The proposed Annual Plan shall be prepared so as to attempt, using commercially reasonable efforts, to operate the Venues in an economical, efficient and cost-effective manner, consistent with the Standard. The proposed Annual Plan shall include, without limitation and to the extent applicable: (a) Manager’s reasonable estimate (on a monthly basis) of Operating Revenue, Operating Expenses, detailed projected profit and loss and cash flow statements for the upcoming Operating Year, together with a comparison of such estimates for the upcoming Operating Year to the corresponding results for the Operating Year then ending (for each Operating Year following the first Operating Year), together with the assumptions forming the bases of such estimates; (b) a separate estimate of all Management Fees (for the applicable Operating Year) to be paid under this Agreement; (c) estimates for amounts needed for Capital Improvements (including a contingency and/or reserve line item for unforeseen needs arising within an Operating Year), and Maintenance and Repair for the Venues and any other recognized potential major capital project initiatives for the ensuing three (3) Operating Years (the “Capital Budget”); (d) estimates for amounts needed for working capital and timing for funding for such Operating Year; (e) a marketing, advertising and public relations/promotional program for the Venues to be carried out in accordance with Section 7.1, or a description of material proposed changes to such programs after they are adopted; (f) estimates for the Venues Personnel Costs, and the number and categories of employees needed for operation of the Venues; (g) an estimate of the Manager Complimentaries to be provided by Manager at the Venues in accordance with Section 5.5.5(b); (h) an estimate of the Travel Expenses which, notwithstanding anything to the contrary in this agreement, shall not be exceeded without consent of Owner in its sole and absolute discretion; (i) to the extent not provided in subsection (a) above, a one (1) year ope...
Sample 1
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Proposed Annual Plan. Manager shall submit a business plan for the Casino to Operator for Operator’s approval not later than thirty (30) days prior to the Commencement Date, and at least thirty (30) days prior to the beginning of each Fiscal Year (as defined below) thereafter (the “Annual Plan”), in a form reasonably satisfactory to Operator which shall include for the ensuing Fiscal Year or portion thereof, as applicable:
Sample 1
Proposed Annual Plan. The Manager shall submit to the Owner for Owner’s approval not later than December 15, 2008, a business plan for the balance of calendar year 2009, and at least thirty (30) days prior to the beginning of each Fiscal Year thereafter, an annual business plan for the Business (the “Annual Plan”), which shall include for each Fiscal Year:
Sample 1
Proposed Annual Plan. The Manager shall submit to the Owner for Owner’s approval not later than thirty (30) days prior to the scheduled Opening Date, and at least thirty (30) days prior to the beginning of each Fiscal Year thereafter, an annual business plan for the Hotel, in a form reasonably satisfactory to Owner (the “Annual Plan”), which shall include for the ensuing Fiscal Year:
Sample 1
Proposed Annual Plan 
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Related to Proposed Annual Plan

  • Annual Plan On or before November 1 of each calendar year during the Term, Manager shall prepare and submit to Owner for its approval a proposed annual plan for the promotion, operation, leasing, repair and maintenance of the Project for each calendar year (the "Proposed Annual Plan"). For purposes of this Agreement, a "Fiscal Year" shall mean a calendar year beginning on the first day of January and ending on the last day of December. The Annual Plan for the remaining portion of Fiscal Year 2003 is attached hereto as Exhibit "A".

  • Annual Budget Prior to the Closing Date, Borrower has submitted and Lender has approved an Annual Budget for the 2014 calendar year (the “Approved Initial Budget”). Borrower shall submit to Lender by November 1 of each year the Annual Budget relating to the Properties for the succeeding calendar year. During the continuance of a Cash Sweep Period, Lender shall have the right to approve each Annual Budget (which approval shall not be unreasonably, conditioned or delayed withheld so long as no Event of Default is continuing). An Annual Budget approved by Lender during a Cash Sweep Period or any Annual Budget submitted prior to the commencement of a Cash Sweep Period, shall each hereinafter be referred to as an “Approved Annual Budget”. In the event of a Transfer of any Property the Approved Annual Budget shall be reduced as reasonably determined by Lender in consultation with Borrower in order to reflect the removal of such Property and the Operating Expenses associated therewith; provided, further, that no such reduction shall be made in the event such Transfer is made in connection with a substitution under Section 2.4.2(a). If Lender has the right to approve an Annual Budget pursuant to this Section 4.3.2, neither Borrower nor Manager shall change or modify the Annual Budget that has been approved by Lender without the prior written consent of Lender (which consent shall not be unreasonably withheld, conditioned or delayed so long as no Event of Default is continuing). The “Monthly Budgeted Amount” for each Payment Date shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the Interest Period related to such Payment Date, but excluding management fees, Property Taxes that are required to be deposited into the Tax Subaccount pursuant to Section 6.1 and Insurance Premiums that are required to be deposited into the Insurance Subaccount pursuant to Section 6.2. If during any Cash Sweep Period, Borrower has submitted an Annual Budget and such Annual Budget has not been approved prior to the commencement of the calendar year to which such budget relates then the previous Approved Annual Budget shall continue to be deemed to be the Approved Annual Budget for that calendar year.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1999-2006 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through the final maturity of the Term Loans.

  • Annual Operating Budget Manager shall, on or before December 20 in each calendar year during the Term, deliver to Owner for Owner’s approval, an annual operating budget for the Community for the next calendar year (the “Annual Operating Budget”) which shall include separate line items for Capital Replacements and set forth an estimate, on a monthly basis, of Gross Revenues and Community Expenses, together with an explanation of anticipated changes to Tenants charges, payroll rates and positions, non-wage cost increases, the proposed methodology and formula employed by Manager in allocating shared Community Expenses, and all other factors differing from the then current calendar year. The Annual Operating Budget shall be accompanied by a narrative description of operating objectives and assumptions. If Owner does not approve an Annual Operating Budget or any portion thereof, it shall do so, to the extent practicable, on a line item basis. Manager and Owner shall cooperate to resolve disputed items, provided if the Annual Operating Budget is not approved by Owner within thirty (30) days of Owner’s receipt, Manager shall operate under the expired Annual Operating Budget until a new Annual Operating Budget is approved, provided that line items for Impositions, insurance premiums and utilities shall be the amounts actually incurred for such items. If agreement on the Annual Operating Budget cannot be reached within forty-five (45) days of Owner’s receipt (which time may be extended upon mutual agreement of the parties), the matter shall be resolved by arbitration. The Annual Operating Budget as approved by Owner, or as resolved by arbitration, will be the “Approved Budget” for the applicable calendar year. Manager will obtain Owner’s prior approval for any expenditure which will, or is reasonably expected to, result in a variance of 5% or more of any Approved Budget.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Annual Operating Plan Purchaser may be required to submit a written annual operating plan, as specified by, and at the request of the Forest Officer.

  • Selection Under a Fixed Budget Services for assignments which the Association agrees meet the requirements of paragraph 3.5 of the Consultant Guidelines may be procured under contracts awarded on the basis of a Fixed Budget in accordance with the provisions of paragraphs 3.1 and 3.5 of the Consultant Guidelines.

  • Borrowing/Election Notice The Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m. (Chicago time) three (3) Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Loan to be converted or continued; and (iii) the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted or continued, and the duration of the Interest Period applicable thereto.

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