Common use of Operating Plan and Budget Clause in Contracts

Operating Plan and Budget. As soon as practicable upon approval or adoption by the Board, and in any event at least thirty (30) days prior to the end of each fiscal year, the Company will furnish the Major Investors with the Company’s budget and operating plan (including projected balance sheets and profit and loss and cash flow statements, forecasts of revenues, expenses, significant projected milestones and projected cash position on a month-to-month basis) for the upcoming fiscal year.

Operating Plan and Budget. As soon as practicable upon approval or adoption by the Board, and in any event at least thirty (30) days prior to the end of each fiscal year, the The Company will furnish to the Major Investors with the Company’s Investor a budget and operating plan (including projected balance sheets and profit and loss and cash flow statements, forecasts of revenues, expenses, significant projected milestones and projected cash position on a month-to-month basis) for the upcoming each fiscal year, as soon as practicable after approval or adoption thereof by the Company's Board of Directors, but in any event no later than 30 days before the beginning of the fiscal year covered thereby.

Operating Plan and Budget. As soon as practicable upon approval or adoption by the Board, and but in any event at least thirty (30) 30 days prior to the end of each fiscal year, the Company will furnish the Major to Qualifying Investors with the Company’s monthly budget and operating plan (including projected income statements, cash flows and balance sheets and profit and loss and cash flow statements, forecasts of revenues, expenses, significant projected milestones and projected cash position on a month-to-month basismonthly basis for the ensuing fiscal year, together with underlying assumptions and a brief qualitative description of the Company’s plan in support of that budget) for the upcoming ensuing fiscal year.