Operating Plan and Budget definition

Operating Plan and Budget shall have the meaning ascribed to it in Section 3.9(a) below.

Operating Plan and Budget means the annual operating plan and budget of Canpotex prepared by Canpotex management and approved by the Board of Directors, as provided in section 5.02;

Operating Plan and Budget has the meaning given in the Services Agreement.

Examples of Operating Plan and Budget in a sentence

• Annual Operating Plan and Budget: the Board will approve annual capital and operating budgets consistent with the Strategic Plan, and the CEO will report performance against those operating plans on a quarterly basis.

• The Credit Agreement contemplates that all such development activities and expenditures will be made in accordance with an Operating Plan and Budget unanimously approved by the Ivanhoe Mines and Rio Tinto representatives on the Oyu Tolgoi Technical Committee.

• The draft Construction & Operating Plan and Budget is attached hereto as Exhibits D and E, which Construction & Operating Plan and Budget will be updated and submitted for approval by Global; all subsequent annual Construction & Operating Plans and Budget’s will be delivered to Global at least 90 days prior to the beginning of each subsequent calendar year.

• Information included in the annual Construction & Operating Plan and Budget, as well as all supporting data, formulas, calculations, and back-up information will be available for review at any time by either party and will be shared upon request by the parties.

• The annual Construction & Operating Plan and Budget may be revised with the written consent of both parties during monthly reviews to reflect revisions necessitated by changed circumstances, including changes in law, scope, emergencies, and force majeure events.

More Definitions of Operating Plan and Budget

Operating Plan and Budget means an annual marketing and operating plan and budget for the Hotel prepared by the Manager and approved (or deemed approved) by the Corporation, all in accordance with the terms of Section 2.18 of the Management Agreement.

Operating Plan and Budget means the annual plan and budget prepared by Operator in accordance with Section 6.2(a), which shall indicate periods when the Cogen Facility is expected to be providing the Energy Services, the estimated expenses for the Cogen Facility during each Contract Year, including an annual expense budget, and Operator's forecast of Scheduled Outages and Major Maintenance Outages and the associated costs thereof, which plan and budget shall contain the information required by Schedule C attached hereto.

Operating Plan and Budget means a budget prepared under Section 2.2. Operating Profit Target shall be $36,000,000. Upon the Disposition of a Hotel or Hotels for which there is not a substitution subject to this Agreement pursuant to Section 9.2(c), the Operating Profit Target shall be adjusted as follows: the Operating Profit Target existing immediately before such Disposition of a Hotel or Hotels shall be reduced by an amount equal to the product of (x) the Operating Profit Target existing immediately before such Disposition and (y) a fraction, the numerator of which is the Adjusted Gross Operating Profit for the immediately preceding three calendar years (or such lesser period for which results of operation of the Hotels hereunder are available) for the Hotel or Hotels subject to the Disposition and the denominator of which is the Adjusted Gross Operating Profit of the Hotels managed under this Agreement immediately before such sale for such period. Operating Supplies shall mean all consumable or expendable items for operation of a Hotel, including without limitation, supplies for laundry, housekeeping, food and beverage service, engineering and accounting uses, together with paper supplies and miscellaneous general supply items, as defined in the Uniform System. All Operating Supplies shall be owned by Westboy. Operating Year shall mean each calendar year or portion thereof during the term of this Agreement.

Operating Plan and Budget means the operating and budgetary plan agreed upon by RGS and RIRRC for the Gas Collection Systems and the CCS, incorporating the Existing Site Plan and such other plans for expansion of the Gas Collection Systems as RIRRC has filed with the DEM. RGS and RIRRC shall prepare an Operating Plan and Budget in each year prior to the earlier of (i) the Commercial Operation Date or (ii) the third anniversary of the Decommissioning Date.

Operating Plan and Budget shall have the meaning ascribed to such term in Section 8.10 hereof. Following the approval by the Majority Interest of the Members of any Revised Operating Plan and Budget, with respect to the applicable time period in question, all references in this Agreement to the Operating Plan and Budget shall mean the Revised Operating Plan and Budget.

Operating Plan and Budget for any period, means an operating plan and budget for the Project with respect to such period prepared by the Borrower in good faith and with due care that sets forth in reasonable detail (i) the projected levels of operation of the Project on a monthly basis, (ii) the projected revenues and expenses of the Project on a monthly basis (including all scheduled payments of principal and interest on the Loans and LC Disbursements), (iii) the overhaul, maintenance and repair schedule for the Project, (iv) the amount and timing of expected capital expenditures, (v) cash flow projections and working capital needs and (vi) such other information as the Administrative Agent may reasonably request prior to the adoption thereof.

Operating Plan and Budget means, for any period, an operating plan and budget for the Project with respect to such period prepared by Borrower in good faith and with due care that sets forth in reasonable detail (i) the projected levels of operation of the Project on a monthly basis, (ii) the projected revenues and expenses (including all scheduled payments of principal and interest on all Debt) of the Project on a monthly basis, (iii) the overhaul, maintenance and repair schedule for the Project, (iv) the amount and timing of expected capital expenditures, (v) cash flow projections and working capital needs and (vi) such other information as the Lender may reasonably request prior to the adoption thereof.