Subsequent Business Plan definition

Subsequent Business Plan means a strategic business plan for the Group for a period of ** which, once approved, replaces the Initial Business Plan or the previous Subsequent Business Plan (as applicable) in all respects;
View Source
Subsequent Business Plan means a business ------------------------ proposal submitted by Management to the Board setting forth proposed business activities of the Company during a specified period of time, projections of income from such business activities, the capital contributions Management deems necessary to support such business activities during such time, and a budget of expected expenditures of such capital, where such proposal has been approved by a majority of the Board and the holders of at least 67% of the Institutional Investor Stock then outstanding. "Management" means the Executive Investors (so ---------- long as such individuals are employed by the Company) together with such other employees of the Company or its Subsidiaries as may be designated by the Executive Investors and approved by the Board.
View Source
Subsequent Business Plan has the meaning set forth in paragraph 3A. ------------------------ -A5-
View Source

Examples of Subsequent Business Plan in a sentence

  • The Board shall have a further period of ** from the date it receives such revised Subsequent Business Plan and/or such revised Budget to decide whether or not to approve it, subject to such amendments as the Board agrees to be appropriate.

  • The Board shall have ** from the date it receives such Subsequent Business Plan and such Budget to decide whether or not to approve each of them, subject to such amendments as the Board agrees to be appropriate.

  • In the event that the Board rejects any such Subsequent Business Plan and/or the Budget, the CEO shall have a further period of ** to submit a revised Subsequent Business Plan and/or a revised Budget.

  • Such Institutional Investor has sufficient capital and ------ liquidity (including undrawn commitments) to fulfill its capital contribution obligations under the Initial Business Plan and any Subsequent Business Plan, pursuant to the terms and subject to the conditions set forth herein.

  • Attached as Appendix C hereto is the original offering ---------- memorandum of the Company, which is included for reference purposes only and shall in no way be construed as a Subsequent Business Plan (as defined below) or a proposal therefor, nor considered to obligate any party hereto to approve any Subsequent Business Plan.

  • The Board shall have [***] from the date it receives such Subsequent Business Plan and such Budget to decide whether or not to approve each of them, subject to such amendments as the Board agrees to be appropriate.

  • In the event that the Board rejects any such Subsequent Business Plan and/or the Budget, the CEO shall have a further period of [***] to submit a revised Subsequent Business Plan and/or a revised Budget.

  • Each Subsequent Business Plan shall be subject to approval by IWC and RBS, which approval shall not be unreasonably withheld.

  • On or before sixty (60) days before ------------------------ the beginning of each fiscal year of NEWCO, the Board of Directors of NEWCO shall adopt and approve a Business Plan for the next two fiscal years of NEWCO's operations (each one a "Subsequent Business Plan").

  • Each Subsequent Business Plan shall set forth the financial and business plan for NEWCO for the next two- year period in such detail as NEWCO Board shall determine appropriate.


More Definitions of Subsequent Business Plan

Subsequent Business Plan shall have the meaning ascribed thereto in Section 4.1(b).
View Source