Proposed Business Plan definition
Examples of Proposed Business Plan in a sentence
Such Proposed Business Plan shall project the estimated Gross Revenues, departmental profits, Deductions, and Operating Profit for the forthcoming Fiscal Year for the Hotel.
If such Proposed Budget or such Proposed Business Plan is approved by the Partnership Board, then such Proposed Budget or such Proposed Business Plan, as the case may be, shall be considered approved and shall constitute the "Annual Budget" or the "Approved Business Plan," as the case may be, for all purposes of this Agreement and shall supersede any previously approved Annual Budget or Approved Business Plan, as the case may be.
Such Proposed Budget and Proposed Business Plan shall be prepared on a basis consistent with the Partnership's audited financial statements.
Except as provided in Schedule 5.1(k), the approval of each Proposed Budget and Proposed Business Plan and action by the Partnership or any of its Subsidiaries constituting any material deviation from any Annual Budget or Approved Business Plan shall require the Required Majority Vote of the Partnership Board.
Within 30 days after the submission of such Proposed Budget and Proposed Business Plan, the Partners' Committee shall advise the Managing Partner in writing whether it approves or disapproves of such Proposed Budget and Proposed Business Plan.