Budget and Operating Plan definition

Budget and Operating Plan means the Pro Forma 2008 Forecast P&L, Cash Flow and Expense Summary contained in Section 8.8 of the ▇▇▇▇▇ Disclosure Schedule.

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Budget and Operating Plan means collectively, the annual budget and the operating plan for the Companies and the Subsidiaries as approved by the Purchaser and the Sellers.

Budget and Operating Plan means collectively, the Budget and the Operating Plan for the Company, the GP, the OP and the Class B Property Subsidiaries, as approved by the Executive Committee.

Examples of Budget and Operating Plan in a sentence

BH and the Managing Member may from time to time review the Approved Budget and Operating Plan and make such amendments or modifications thereto as they shall jointly determine to be appropriate or necessary.
The Services shall be of, and the Properties shall be managed, operated and maintained in a manner consistent with, a scope and quality not less than the scope and quality generally performed by professional managers of similar projects in the respective location of each of the Properties and the surrounding areas (subject to the terms and conditions of the Company LLC Agreement and the Budget and Operating Plan).
TRC shall be responsible for assisting the Administrative Member in preparing and submitting to the Owner for the approval of the Executive Committee recommendations and explanations of any proposed updates to the Budget and Operating Plan.
Thereafter, the Managing Member shall prepare, or cause to be prepared, at the expense of the Company and for the approval of the Members, the Budget and Operating Plan annually at least sixty (60) calendar days prior to the end of each fiscal year with respect to the following fiscal year, together with five (5) year forward projections.
Notwithstanding anything herein to the contrary, no action shall be taken, sum expended, decision made or obligation incurred by the Manager with respect to any matter constituting a Major Decision or the Budget and Operating Plan without obtaining such consent as required by the Joint Venture Agreement.
After the initial Plans and Specifications for any phase of the Improvements are approved by the Owner, the Manager may from time to time approve modifications thereto, provided the modifications are consistent with the Budget and Operating Plan.
The approval of any Budget and Operating Plan will be evidenced by the signing or initialing of a copy of the approved version by at least a majority (in number) of the members of the Executive Committee.
If all or any part of a proposed amendment is not approved by the Required Lenders, the Borrower shall comply with the approved Annual Budget and Operating Plan.
Promptly upon approval of an Annual Budget and Operating Plan by the Board pursuant to Section 5.4(e), the Annual Budget and Operating Plan shall be submitted to the Major Investors for their approval pursuant to Section 6.3(b)(xi).
As part of the Annual Budget and Operating Plan, ▇▇▇▇▇ R&M shall provide the ▇▇▇▇▇ Company with a schedule of planned maintenance shutdowns in the next Operating Year for any unit comprising the Heavy Oil Processing Facility.

More Definitions of Budget and Operating Plan

Budget and Operating Plan means the budget and operating plan attached hereto as Exhibit B for the operation of the Company and the Company Subsidiaries from the date hereof until the Closing Date as may be amended from time to time by the Company with the express prior written consent of the Buyer, which Budget and Operating Plan also includes a statement of a separate operational cash flow.

Budget and Operating Plan means the budget and operating plan included in EXHIBIT 1.1

Budget and Operating Plan means the budget and operating plan prepared in respect of the Company and the Company Subsidiaries for the period from Closing until December 31, 2014 as agreed between the Company and the Parent, a copy of which has been provided by counsel for Parent to counsel for the Company on the date of this Agreement

Budget and Operating Plan shall have the meaning set forth in Section 9.5.1.

Budget and Operating Plan means the budget and operating plan included in Exhibit 1.1(E) for the operation of USDATA and its Subsidiaries from the date hereof until the Closing Date as may be amended from time to time by USDATA with the express prior written consent of the Purchaser, which Budget and Operating Plan shall also include a separate operational cash flow.

Budget and Operating Plan means the consolidated budget and comprehensive Operating Plan most recently approved by the Members with regard to the Company Property, covering the Company's anticipated operations, and including the Project Plan, if any.