Approval of Budgets. (A) Each budget shall be approved by Partnership Governance Committee Action. Prior to November 15 of each fiscal year, the CEO shall prepare and submit to the Partnership Governance Committee for approval each of the budgets for the ensuing fiscal year (and, as appropriate, for subsequent periods), and on or before December 1, the Partnership Governance Committee shall by Partnership Governance Committee Action approve, with such modifications as it considers appropriate, each such budget.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Lyondell Chemical Co)
Approval of Budgets. (A1) Each budget shall be approved by Partnership Governance Committee Action. Prior to November 15 of each fiscal year, the CEO shall prepare and submit to the Partnership Governance Committee for approval each of the budgets for the ensuing fiscal year (and, as appropriate, for subsequent periods), and on or before December 1, the Partnership Governance Committee shall by Partnership Governance Committee Action approve, with such modifications as it considers appropriate, each such budget.
Appears in 1 contract
Samples: Citgo Petroleum Corp
