Preparation and Submission. The Recipient will:
Preparation and Submission. The Recipient will submit to the Province at the address referred to in section A15.1, all Reports in accordance with the timelines and content requirements provided for in Schedule “E”, or in a form as specified by the Province from time to time.
Preparation and Submission. The Recipient represents and warrants:
Preparation and Submission. The Service Manager will:
Preparation and Submission. Owner and Manager acknowledge that they have agreed upon the budget for the Facility through December 31, 1997. At least ninety (90) days prior to January 1, 1998 and each subsequent calendar year that commences during the term of this Agreement, Manager shall submit to Owner a proposed annual budget for the Facility projecting the revenues available and funds required during such fiscal year in order to operate the Facility and to make capital improvements necessary or desirable in order to keep the Facility's physical plant in good condition and repair. The proposed annual budget shall be based upon data and information then available to Manager and shall include, without limitation, estimated salaries and fringe benefits for all personnel groups, projected staffing patterns for the Facility, estimates of required capital expenditures and purchases of equipment, supplies, inventory, food and similar items, and an estimate of the level of rates and charges to residents of the Facility sufficient to generate revenue necessary to operate the Facility and make the capital improvements projected in such budget. The proposed annual budget shall be an estimate of revenues and costs, and Owner and Manager acknowledge that (1) projected revenue may not be actually received and (2) projected costs may be exceeded by actual expenses and capital expenditures incurred in connection with the operation and maintenance of the
Preparation and Submission. At least sixty (60) days prior to each calendar year that commences during the term of this Agreement, Manager shall submit to Owner a proposed annual budget for the Facility projecting the revenues available and funds required during such fiscal year in order to operate the Facility and to make capital improvements necessary or desirable in order to keep the Facility’s physical plant in good condition and repair. The proposed annual budget shall be based upon data and information then available to Manager and shall include, without limitation, estimated salaries and fringe benefits for all personnel groups, projected staffing patterns for the Facility, estimates of required capital expenditures and purchases of equipment, supplies, inventory and similar items, and an estimate of the level of rates and charges to tenants of the Facility sufficient to generate revenue necessary to operate the Facility and make the capital improvements projected in such budget. The proposed annual budget shall be an estimate of revenues and costs, and Owner and Manager acknowledge that (1) projected revenue may not be actually received and (2) projected costs may be exceeded by actual expenses and capital expenditures incurred in connection with the operation and maintenance of the Facility. By submitting such a projected budget, Manager will not be deemed to be providing a guarantee or warranty as to the projected revenue, expenses or capital expenditures of the Facility.
Preparation and Submission. Owner and Manager acknowledge that the budgeting process is a critical factor to the successful operation of the Hotel and is also a key communication link between the parties. Not later than thirty (30) days after the Commencement Date, Manger will submit to Owner, for its approval, an operating budget for the initial Operating Year. For purposes of this Article 3, the operating budget for the initial Operating Year will be deemed to be the Annual Plan for that year. Thereafter, Manager will submit to Owner, for its approval, not later than thirty (30) days before the beginning of each Operating Year the proposed annual plan for the Hotel (the "Annual Plan") comprised of the following:
Preparation and Submission. Attached hereto as Schedule C are the Annual Budgets for the remainder of calendar year 2003 and calendar year 2004, which Annual Budgets are hereby approved by Manager and Owner. The Annual Budgets shall be comprised of three (3) components consisting of the following: (i) the Annual Leasing Plan, which identifies the prospective lease terms for the coming year and projects the revenues available and funds required during such calendar year in order to lease and market the Property and includes lease guidelines pursuant to which Manager will have authority to lease the Property, (ii) the Annual Capital Plan, which projects the revenues available and funds required during such calendar year to make the capital improvements necessary or desirable in order to keep the Property in good condition and repair, and (iii) the Annual Operating Budget, which projects the revenues available and funds required during such calendar year in order to manage, maintain and operate the Property and keep the Property in compliance with the terms and conditions of this Agreement. Any references herein to the Annual Budgets shall be deemed to collectively refer to the Annual Leasing Plan, the Annual Capital Plan and the Annual Operating Budget and any reference to an Annual Budget shall mean the Annual Leasing Plan, the Annual Capital Plan or the Annual Operating Budget, as applicable. Except for the Annual Budgets for the remainder of the 2003 calendar year and the 2004 calendar year, at least forty-five (45) days prior to the end of each calendar year during the Term of this Agreement, Manager shall submit to Owner a proposed Annual Leasing Plan, Annual Capital Plan and Annual Operating Budget for the following calendar year (the "Proposed Annual Budgets"). The Proposed Annual Budgets shall be based upon data and information then available to Manager and shall include, without limitation, estimated salaries and fringe benefits for all personnel groups, projected staffing patterns for the Property, estimates of required capital expenditures and purchases of equipment, supplies, materials, inventory, food and similar items, and an estimate of the level of rates and charges to tenants of the Property sufficient to generate revenue necessary to manage, market, lease and operate the Property and make the capital improvements projected in the applicable Proposed Annual Budget. The Proposed Annual Budgets shall include an estimate of revenues, costs, expenses and expenditures, and ...
Preparation and Submission. The UTM/DDA shall:
Preparation and Submission. The Manufacturer shall:
