Annual Capital Budget. Tenant shall furnish to Landlord, for informational purposes only, a copy of the annual capital budget for the Facility for each Fiscal Year, in each case (x) contemporaneously with Other Tenant’s delivery to the applicable landlord of the applicable annual capital budget for such Fiscal Year pursuant to the Other Lease, and (y) not later than fifty-five (55) days following the commencement of the Fiscal Year to which such annual capital budget relates. For the avoidance of doubt, without limitation of Tenant’s Capital Expenditure requirements pursuant to Section 10.5(a), Tenant shall not be required to comply with such annual capital budget and it shall not be a breach or default by Tenant hereunder in the event Tenant deviates from such annual capital budget.
Annual Capital Budget. (a) In Fiscal Year 1999 and in each Fiscal Year thereafter, the Executive Officers of the Company shall timely prepare or cause to be prepared a draft capital budget (the “Draft Annual Capital Budget”) for such Fiscal Year, which shall set forth in reasonable line item detail the proposed Acquisition Expenditures, Capital Expenditures and the Ordinary Course Lease Expenditures of the Company and its subsidiaries for such Fiscal Year, including all Ordinary Course Lease Expenditures and all Capital Expenditures of the Company and its subsidiaries directly associated with the Garyville Propylene Upgrade Project. In addition, to the extent that information can reasonably be obtained on the nature of assets rented or financed by operating leases, such information shall be presented along with the Annual Capital Budget. Copies of the Draft Annual Capital Budget shall be provided to each Member (at the same time) and to the Board of Managers. No later than the last regular meeting of the Board of Managers for a Fiscal Year, the Executive Officers shall present to the Board of Managers the Draft Annual Capital Budget for the following Fiscal Year for the Board of Managers’ review, consideration and approval, with such additions, deletions and changes thereto as the Board of Managers shall deem necessary. Upon its approval by the Board of Managers (and taking into account any additions, deletions or other changes deemed necessary by the Board of Managers) the Draft Annual Capital Budget for a Fiscal Year shall become the “Annual Capital Budget” for such Fiscal Year.
Annual Capital Budget. Tenant shall furnish to Landlord, for informational purposes only, a copy of the annual capital budget for the Facility for each Fiscal Year, in each case not later than fifty-five (55) days following the commencement of the Fiscal Year to which such annual capital budget relates. For the avoidance of doubt, without limitation of Tenant’s Capital Expenditure requirements pursuant to Section 10.5(a), Tenant shall not be required to comply with such annual capital budget and it shall not be a breach or default by Tenant hereunder in the event Tenant deviates from such annual capital budget.
Annual Capital Budget. In addition to the provisions set forth above, the Annual Capital Budget shall describe the estimated useful life and estimated replacement costs for the ensuing full or partial year, as the case may be, for the physical plant, furnishings, equipment, and ordinary capital replacement items, all of which are defined to be any items, the cost of which is capitalized and depreciated, rather than expensed, using GAAP ( “Capital Replacements”) as shall be required to operate the Enterprise in accordance with sound business practices.
Annual Capital Budget. 61 SECTION 8.10. Business Plan.............................................62 SECTION 8.11. Requirements as to Affiliate Transactions.................62 SECTION 8.12. Review of Certain Affiliate Transactions Related to Crude Oil Purchases and Shared Services....................................64 SECTION 8.13.
Annual Capital Budget. The itemized capital expenditure list for the Durham Convention Center prepared by the Facility Manager and approved by the City and County in conjunction with the annual operating budget.
Annual Capital Budget. Prior to September 15th of each year Operator shall prepare and present to Owner an annual budget for the next succeeding fiscal year with respect to capital items of which Operator is aware and which Operator recommends be implemented to maintain the Facilities in good working order or to expand the Facilities as previously directed by Owner (each such budget hereafter referred to as an “Annual Capital Budget”). Owner shall on or before December 1st of the same year consider and, if acceptable, approve same, after having made, in consultation with Operator, any necessary revisions, additions or deletions.
Annual Capital Budget. The capital budget for the Company for each Fiscal Year to acquire, add to, improve, replace or construct any capital asset of the Company if such acquisition, addition, improvement, replacement or construction is made to increase the long-term operating capacity, asset base, revenues or cash flow from operations of the Company existing immediately prior to such acquisition, addition, improvement, replacement or construction (and shall not include costs that are includible in the Annual O&M Budget).
Annual Capital Budget. Prior to September 15 of each year Field Operator shall prepare and present to Owner an "Annual Capital Budget" for the next succeeding calendar year of capital items (i) which Field Operator is aware and which Field Operator recommends be implemented to maintain the Facilities in good working order or (ii) to expand the Facilities as previously directed by Owner. Owner shall on or before October 15 of the same year consider and, if acceptable, approve same, after having made, in consultation with Field Operator, any necessary revisions, additions or deletions. The Field Operator shall include the following information in the Annual Capital Budget for the capital items included in Section 4.1(i) above:
Annual Capital Budget. Within thirty (30) days after Closing, Borrower shall prepare and submit to Administrative Agent monthly financial projections and planned capital expenditures (the "Budget") applicable to the activities of Borrower to be conducted: (a) through the fiscal quarter ending March 31, 2004, with respect to all activities of Borrower, such Budget to be in form and substance reasonably satisfactory to Administrative Agent, and which shall be sufficient to demonstrate to the Required Banks' reasonable satisfaction that Borrower will remain in compliance with this Agreement and the other Loan Documents during the period covered by the Budget. Thereafter, an updated Budget shall be submitted to Administrative Agent within ninety (90) days after the close of each fiscal year so that the Budget always covers the period through the projected completion of all planned capital expenditures through the ensuing four (4) calendar quarters with respect to all activities of Borrower. Each updated Budget submitted to the Administrative Agent within ninety (90) days after the close of each fiscal year shall also include a comparison of Borrower's actual capital expenditures during such preceding fiscal year compared to the expenditures forecast for such fiscal year on the most recent Budget that had been submitted to Administrative Agent with respect thereto. Borrower shall conduct the activities contemplated by the capital expenditures forecast in each current Budget, substantially as and when contemplated in such Budget.
