Examples of Budget and Operating Plan in a sentence
BH and the Managing Member may from time to time review the Approved Budget and Operating Plan and make such amendments or modifications thereto as they shall jointly determine to be appropriate or necessary.
Thereafter, the Managing Member shall prepare, or cause to be prepared, at the expense of the Company and for the approval of the Members, the Budget and Operating Plan annually at least sixty (60) calendar days prior to the end of each fiscal year with respect to the following fiscal year, together with five (5) year forward projections.
The Services shall be of, and the Properties shall be managed, operated and maintained in a manner consistent with, a scope and quality not less than the scope and quality generally performed by professional managers of similar projects in the respective location of each of the Properties and the surrounding areas (subject to the terms and conditions of the Company LLC Agreement and the Budget and Operating Plan).
The Managing Member shall provide the Company with detailed analyses comparing actual performance to the goals set forth on Exhibit D and the Budget and Operating Plan, together with proposals for improving performance, no less frequently than quarterly.
TRC shall be responsible for assisting the Administrative Member in preparing and submitting to the Owner for the approval of the Executive Committee recommendations and explanations of any proposed updates to the Budget and Operating Plan.
After the initial Plans and Specifications for any phase of the Improvements are approved by the Owner, the Manager may from time to time approve modifications thereto, provided the modifications are consistent with the Budget and Operating Plan.
The Company shall have approved the Budget and Operating Plan as set forth in Exhibit H hereto.
As part of the Annual Budget and Operating Plan, Xxxxx R&M shall provide the Xxxxx Company with a schedule of planned maintenance shutdowns in the next Operating Year for any unit comprising the Heavy Oil Processing Facility.
Manager shall have responsibility for the day-to-day management and operation of the Properties and all facilities thereon or associated therewith and shall assume and discharge all responsibilities which accrue during the Term in connection with managing, operating and maintaining the Properties, but only to the extent described in this Agreement and in each case subject to the terms and conditions of the Company LLC Agreement and the Budget and Operating Plan (collectively, the "Duties").
Each Annual Budget and Operating Plan shall be accompanied by a certificate of the Borrower signed by a duly authorized officer of the Borrower certifying that, to the best of such officer’s knowledge, the budget is a reasonable estimate for the period covered thereby and is in compliance with this Section 5.03(l).