By November. 20 of the relevant calendar year the Manager will prepare and deliver to the Parent a revised budget that has been approved by the Board of Directors, in consultation with the Executive Officers (the “Approved Budget”).
Appears in 9 contracts
Samples: Restrictive Covenant Agreement (Safe Bulkers, Inc.), Restrictive Covenant Agreement (Safe Bulkers, Inc.), Restrictive Covenant Agreement (Safe Bulkers, Inc.)