Operating Plans and Budgets Sample Clauses
Operating Plans and Budgets. At least sixty (60) days prior to each January 1 occurring after the applicable Term Loan Conversion Date, it will submit to the Term Agent for approval a proposed Operating Plan and Budget for each Project for the three Operating Years commencing on each such January 1, together with a reconciliation of actual expenses versus those projected in the previously delivered Operating Plan and Budget. The Term Agent will have the right to request revisions to each proposed Operating Plan and Budget, and after an Operating Plan and Budget has been finalized and approved by the Term Agent, it will, and will cause the Affiliates to, follow and comply with such Operating Plan and Budget in all particulars. It will have the right to revise any Operating Plan and Budget with the prior written approval of the Term Agent. Once approved by the Term Agent, an Operating Plan and Budget or a revised Operating Plan and Budget will supersede all prior Operating Plans and Budgets and will continue in effect until a subsequent Operating Plan and Budget has been approved by the Term Agent.
Operating Plans and Budgets. (a) Pre-mobilization Period. Not later than thirty (30) Days after the commencement of the Pre-Mobilization Period, Operator shall prepare and submit to Owner, or update and revise if previously submitted to Owner, Operator’s proposed Operating Plan for the Pre-Mobilization Period. This Operating Plan shall include a program and timetable for the performance of Operator’s obligations under Article III and a Budget for the Pre-Mobilization Period. The Budget shall show in such detail reasonably acceptable to Owner and on a Month by Month basis an itemized estimate of Operating Expenses to be incurred in the implementation of the Operating Plan by Operator. The Budget shall include the expense categories set out in Part 2 of Schedule 2 or shall be in such other form as Owner may reasonably request.
(b) Mobilization and Start-Up Period. Not later than sixty (60) Days prior to the commencement of the Mobilization and Start-Up Period, Operator shall prepare and submit to Owner, or update and revise, if previously submitted to Owner, Operator’s proposed Operating Plan for the Mobilization and Start-Up Period. This Operating Plan shall include a program and timetable for the performance of Operator’s obligations under Article III and a Budget for the Mobilization and Start-Up Period. The Budget shall show in such detail reasonably acceptable to Owner and on a Month by Month basis an itemized estimate of Operating Expenses to be incurred in the implementation of the Operating Plan by Operator. The Budget shall include the expense categories set out in Part 2 of Schedule 2 or shall be in such other form as Owner may reasonably request.
Operating Plans and Budgets. The Annual Budget for calendar year 2018 shall be the budget attached hereto as Schedule 2(m) (the “Initial Budget”). Each of Tenant and
Operating Plans and Budgets