Subsequent Budgets. Thereafter, the Operator shall provide the Budget for the subsequent Contract Year to the District no later than November 15 of the prior Contract Year. Each such Budget shall be included in the Rate Plan in accordance with Section 6.2 hereof. If there is any disagreement between the Operator and the District regarding such Budget, the Operator shall have the authority to make the final decision on the Budget after good faith consideration of the District’s comments.
Subsequent Budgets. 9.4.1 Each calendar year, at least [six (6) weeks] prior to the end of the Financial Year, the Management Board must prepare and submit to the Supervisory Board, for its consideration and approval, a draft of the new Budget in accordance with the Strategy.
Subsequent Budgets. (a) Prior to the expiry of the relevant period for the Budget (or by such later date as the Board may decide), the Company shall procure that the CEO prepares and submits to the Board, for its consideration and approval, a draft Budget in a format consistent with the Initial Budget for the next Financial Year. The draft Budget will be a detailed, monthly budget consistent with the first calendar year of the then current Business Plan.
Subsequent Budgets. The Member Committee shall adopt an annual budget for the operations of the Company, which budget shall be in at least as much detail and cover the same matters as the initial budget. The proposed budget shall be presented to the Member Committee no later than 60 days prior to the commencement of each fiscal year of the Company.
Subsequent Budgets. (a) The Company must procure that the Chief Executive Officer prepares and submits to the Board each year, for its consideration and approval, a draft Budget for the next Financial Year.
Subsequent Budgets. 32 (f) Five-Year Budget.................................................. 32 6.4
Subsequent Budgets. Prior to the end of the First Tariff Period, and prior to the end of each calendar year following the end of the First Tariff Period, (each calendar year following the end of the First Tariff Period being hereinafter referred to as a "Subsequent Tariff Period"), the Seller's board of directors shall prepare a new budget (a "Subsequent Budget") for the costs the Seller estimates will be incurred with respect to the Power Station in the applicable Subsequent Tariff Period. The Subsequent Budget shall contain specific line items and cost estimates for the various components of the Current Tariff defined in Section 6 hereof, and where appropriate, adjustments to such costs for fluctuations in the exchange rate. It shall also contain an adjustment for the differences from year to year between actual costs incurred and the budgeted costs. The amounts in a Subsequent Budget which are adopted by the Seller's board of directors, as adjusted for fluctuations in the exchange rate and for the differences between actual and budgeted costs, shall be the basis for determining the Current Tariff which shall be payable by the Purchaser in applicable Subsequent Tariff Periods. Such amounts in a Subsequent Budget also shall be the basis for any adjustments to the Current Tariff to be made pursuant to Section 8 hereof during such applicable Subsequent Tariff Period.
Subsequent Budgets. Not earlier than 90 nor later than 30 Business Days before the commencement of each financial year, the Company shall produce to each of the Shareholders a draft Budget for that financial year, complying with the principles set out in Sub-Clause 6.5.
Subsequent Budgets. Beginning in 2018, the Service Provider shall prepare the Service Provider Budget Portion, and LIPA shall prepare, with support from the Service Provider with respect to calculations for taxes, tax matters, PILOTs and depreciation, as may be necessary, and deliver to the Service Provider the LIPA Budget Portion, in each case for each Contract Year (or a multiple Contract Year period as the Parties may agree upon) no later than 210 days prior to the first Contract Year of the applicable budget period. The Service Provider shall thereafter submit the proposed Consolidated LIPA Budget for LIPA’s review, revision and approval no later than 180 days prior to the first Contract Year of the applicable budget period. Within ninety (90) days following its receipt of such proposed Consolidated LIPA Budget, LIPA shall advise the Service Provider whether such proposed Consolidated LIPA Budget is acceptable or requires any modification thereto. If LIPA advises that a modification is required, any disagreement regarding the proposed modification shall be subject to dispute resolution under Section 8.6(I) hereof.
Subsequent Budgets. Loan Parties shall:
