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;
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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.
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Subsequent Business Plan has the meaning set forth in paragraph 3A. ------------------------ -A5-
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Examples of Subsequent Business Plan in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • Subsequent Business Plan work includes comparing actual expenditure during the planned period with original Business plan.

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

  • 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.

  • 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 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).
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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;
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Related to Subsequent Business Plan

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

  • Business Plan means the information required to be supplied to the

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

  • Common promotional plan means a plan, undertaken by a person

  • Development Contribution means the amount of money referred to in item 5 of the Schedule;

  • Development Budget has the meaning set forth in Section 3.1.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • New Services Queue Closing Date means each April 30 and October 31 shall be the Queue Closing Date for the New Services Queue comprised of Interconnection Requests, Completed Applications, and Upgrade Requests received during the six-month period ending on such date. “New York ISO” or “NYISO” shall mean the New York Independent System Operator, Inc. or any successor thereto.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Research Budget has the meaning set forth in Section 2.2.

  • City-based business means a person who (i) conducts meaningful day-to-day business operations at a facility located within the city and reports such facility to the Internal Revenue Service as a place of employment for the majority of its regular, full-time workforce; (ii) holds any appropriate city license; and (iii) is subject to applicable city taxes.

  • Parenting plan means a written plan describing each parent's rights and responsibilities.

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).