Annual Budgets And Business Plans Sample Clauses

Annual Budgets And Business Plans. 6.12.1 The Board of Directors shall prepare and approve an annual business plan and budget in respect of the Core Group and the Material Subsidiaries (the “Group Annual Budget And Business Plan”). The Board of Directors and each Subsidiary Board of Directors shall also respectively prepare and approve an annual business plan and budget in respect of the Company or, as the case may be, the respective Core Subsidiary (in relation to the relevant Core Group Company, the “Individual Company Annual Budget And Business Plan”). The Group Annual Budget and Business Plan and each Individual Company Annual Business Budget and Business Plan shall include, to the extent legally possible:
Sample 1
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Annual Budgets And Business Plans. During each Financial Year, the Board shall adopt an annual Budget for the next Financial Year and a Business Plan for the succeeding two (2) Financial Years. Each such annual Budget and Business Plan shall be prepared under the direction and supervision of the MD and submitted to the Executive Committee for its consideration. upon the approval thereof by the Executive Committee or in the event of there being no unanimity at the Executive Committee in respect thereof, the same shall be submitted to the Board for its approval at least one (1) month prior to the end of each Financial Year.
Sample 1
Annual Budgets And Business Plans. 13.1 The Board of Directors shall prepare and approve by a simple majority of votes an annual business plan and budget in respect of the SSE Group (the “Group Annual Budget and Business Plan”). The SSE Distribution Board of Directors and each Material Subsidiary Board of Directors shall also respectively prepare and approve by a simple majority of votes an annual business plan and budget in respect of SSE Distribution or, as the case may be, the respective Material Subsidiary (the “Individual Company Annual Budget and Business Plan”). The Group Annual Budget and Business Plan and each Individual Company Annual Budget and Business Plan shall include, to the extent legally possible:
Sample 1

Related to Annual Budgets And Business Plans

  • Business Plans The Approved Full-Term Operating Business -------------- Plan and Approved Annual Operating Business Plan, if any, have been prepared in all material respects in accordance with GAAP (except for the treatment of Indebtedness owing to the FCC, which has been reflected in such plans at historical cost).

  • Annual Business Plan and Budget As soon as practicable and in any event not later than thirty (30) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four (4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet, calculations demonstrating projected compliance with the financial covenants set forth in Section 9.15 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period.

  • Business Plan and Budget As soon as available, but in any event no later than forty five (45) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a quarterly basis for the then current fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(d), the Borrower shall not be separately required to furnish such information under Sections 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Business Plan The Lenders shall have received a satisfactory detailed business plan of the Borrowers for fiscal years 1996 - 2002 and a satisfactory written analysis of the business and prospects of the Borrowers for the period from the Closing Date through the final maturity of the Term Loans.

  • Annual Business Plan The term “

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

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