BUDGETS, APPROVALS AND AUTHORIZATIONS Sample Clauses

BUDGETS, APPROVALS AND AUTHORIZATIONS. (a) Beginning within the 1997 Calendar year, each year, the Management Committee shall approve a budget estimating costs and expenses which will be incurred in connection with the operation and maintenance of each Processing Facility ("OPERATING BUDGET"). On or before February 1, 1997, the Managing Partner shall prepare and submit for approval of the Management Committee an Operating Budget for the balance of the 1997 fiscal year of the Partnership. On or before October 1 of each year beginning with the 1997 Calendar Year, the Managing Partner shall prepare and submit for approval of the Management Committee an Operating Budget estimating the revenues, costs and expenses which will be received or incurred in connection with Partnership Operations during the next succeeding fiscal year. The Operating Budgets shall set forth the estimated costs and expenditures by quarterly periods and shall itemize the costs estimated in the budgets by such individual line items as reasonably requested by the Management Committee. All Operating Budgets shall be updated by the Managing Partner, and the Managing Partner shall furnish a copy of the updated Operating Budget to each Partner, on or before the tenth (10th) day of the first (1st) month of each Calendar Quarter.
Sample 1
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BUDGETS, APPROVALS AND AUTHORIZATIONS. (a) On or before September 1 of each year the Managing Partner shall prepare and submit for approval of the Management Committee an operating budget ("OPERATING BUDGET") estimating the revenues, costs and expenses which will be received or incurred in connection with the operation and maintenance of the Gathering System during the next succeeding fiscal year. The Operating Budgets shall set forth the estimated costs and expenditures by quarterly periods and shall itemize the costs estimated in the budgets by such individual line items as reasonably requested by the Management Committee. All Operating Budgets shall be updated by the Managing Partner, and the Managing Partner shall furnish a copy of the updated Operating Budget to each Partner, on or before the tenth (10th) day of the first month of each Calendar Quarter. The Operating Budget for the 1997 fiscal year of the Partnership shall be the Operating Budget attached hereto as EXHIBIT F.
Sample 1
BUDGETS, APPROVALS AND AUTHORIZATIONS 
Sample 1

Related to BUDGETS, APPROVALS AND AUTHORIZATIONS

  • Approvals and Authorizations Maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings and registrations with, each Governmental Authority of the jurisdiction in which each Foreign Obligor is organized and existing, and all approvals and consents of each other Person in such jurisdiction, in each case that are required in connection with the Loan Documents.

  • Filings and Authorizations The parties hereto shall cooperate and use their respective best efforts to make, or cause to be made, all registrations, filings, applications and submissions, to give all notices and to obtain all governmental or other third party consents, transfers, approvals, Orders and waivers necessary or desirable for the consummation of the Contemplated Transactions in accordance with the terms of this Agreement including without limitation the preparation of any SEC Documents required to be filed with the SEC in connection with the transactions contemplated by this Agreement; and shall furnish copies thereof to each other party prior to such filing and shall not make any such registration, filing, application or submission to which Buyer or the Company, as the case may be, reasonably objects in writing. All such filings shall comply in form and content in all material respects with applicable Law. The parties hereto also agree to furnish each other with copies of such filings and any correspondence received from any Governmental Body in connection therewith.

  • Consents and Authorizations Borrower has obtained all consents and authorizations required pursuant to its Contractual Obligations with any other Person, and shall have obtained all consents and authorizations of, and effected all notices to and filings with, any Governmental Authority, as may be necessary to allow Borrower to lawfully execute, deliver and perform its obligations under the Loan Documents.

  • Permits and Authorizations Each of the Company and its subsidiaries possesses all material Environmental Permits (as defined below) necessary to conduct its businesses and operations as now being conducted.

  • Licenses and Authorizations All rights associated with the licenses, licensing agreements, permits, easements, registrations, domains, IP addresses and authorizations issued or granted to Seller by any governmental authority with respect to the operation of the Business, including, without limitation, those licenses and authorizations listed on Schedule 1.1(d) attached hereto, and all applications therefor, together with any renewals, extensions, or modifications thereof and additions thereto;

  • Required Authorizations BUYER shall obtain and procure all necessary corporate and other approvals and authorizations, if any, required on its part to enable it to fully perform all obligations imposed on it hereunder which must be performed by it at or prior to the Closing.

  • Power and Authority; Authorization Debtor has the power and authority and the legal right to execute and deliver, to perform its obligations under, and to grant the Liens and security interests on the Collateral pursuant to, this Agreement and has taken all necessary action to authorize its execution, delivery and performance of, and grant of the Liens and security interests on the Collateral pursuant to, this Agreement.

  • Authorizations and Approvals Each Borrower shall promptly obtain, from time to time at its own expense, all such Governmental Approvals as may be required to enable such Borrower to comply with its obligations, under the Loan Documents and its Constituent Documents, and to conduct its business in the customary fashion.

  • Licenses, Permits and Authorizations The related Mortgagor has represented in the related Mortgage Loan documents that, and to the actual knowledge of the Seller, as of the date of origination of such Mortgage Loan, all material licenses, permits and authorizations then required for use of the related Mortgaged Property by such Mortgagor, the related lessee, franchisor or operator have been issued and were valid and in full force and effect.

  • Corporate Power and Authorization The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

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