Financial and Operating Plan Sample Clauses

Financial and Operating Plan. The Company will prepare and submit to the Public Parties a plan describing in general terms the financing and operating plan for the Project (the “Financing and Operating Plan”). This Financing and Operating Plan will include a projected budget for the Project as well as a statement of proposed sources and uses of funds that will be used to develop the Project.
Sample 1Sample 2
AutoNDA by SimpleDocs
Financial and Operating Plan. With assistance from Consultant, the District will develop a written financial and operating plan for the District consistent with the requirements of this Agreement (“Financial and Operating Plan”). The Financial and Operating Plan must include and be consistent with the Educational Plan and emphasize the need for action and timely resolution of the financial difficulties confronting the District. In developing a Financial and Operating Plan, the District will consult with ISD. The initial Financial and Operating Plan for the District must be submitted to the Treasurer by no later than December 15, 2013, and preferably sooner. Before taking effect, a Financial and Operating Plan must be reviewed and approved by the Treasurer. Upon approval by the Treasurer, the District has responsibility for the timely and effective implementation of the Financial and Operating Plan consistent with the requirements of this Agreement. Consistent with Section 11(3) of the Act, the Financial and Operating Plan may serve as a deficit elimination plan otherwise required by law, if approved by the Treasurer and the State Superintendent.
Sample 1Sample 2
Financial and Operating Plan. On or prior to the Initial Closing, the Company’s management team, and the Company’s board of directors shall have agreed upon a financial and operating plan, attached hereto as Exhibit E, in a form satisfactory to the Investors for the 24 months following the Initial Closing and such financial and operating plan shall be delivered to the Investors at the Initial Closing.
Sample 1Sample 2
Financial and Operating Plan. (a) With assistance from a Consent Agreement Consultant appointed under section 6 (“Consultant”), the Township Supervisor (“Supervisor”) shall develop a written financial and operating plan for the Township consistent with this agreement. Township officers and employees shall assist the Supervisor in the development of the plan as requested by the Supervisor. With assistance from the Consultant, the Township Board of Trustees (“Board”) shall approve the plan developed by the Supervisor, with or without modifications. By July 31, 2014, the Supervisor shall submit to the State Treasurer the plan approved by the Board. Before taking effect, the plan must be reviewed and approved by the State Treasurer. If disapproved by the State Treasurer, the Township shall develop and submit a revised plan using the procedures detailed in this subsection for an initial plan. If the office of Supervisor is vacant, the functions and responsibilities of the Supervisor under this subsection shall be performed by the Township Treasurer.
Sample 1
Financial and Operating Plan. (a) With assistance from the Consultant, the Superintendent shall develop a written financial and operating plan for the District consistent with this agreement. District officers and employees shall assist the Superintendent in the development of the plan as requested by the Superintendent. After consultation with the Consultant, the Board shall approve the plan developed by the Superintendent, with or without modifications. By December 31, 2014, the Superintendent shall submit to the Treasurer the plan approved by the Board. Before taking effect, the plan must be reviewed and approved by the Treasurer. If disapproved by the Treasurer, the District shall develop and submit a revised plan using the procedures detailed in this subsection for an initial plan.
Sample 1
Financial and Operating Plan. Annually (but in any event at ---------------------------- least thirty (30) days prior to the commencement of each fiscal year of the Company), the Managing Member shall prepare and deliver to the other Members the financial and operating plan ("Plan") of the Company for the next fiscal year, which Plan shall include a description, in reasonable detail, of the Company's proposed plan of operations for the next fiscal year and projected financials, including statements of income and a projected cash flow statement for such fiscal year and a projected balance sheet as of the end of such fiscal year. The other Members shall have the right to ask questions and receive additional detail and description on the proposed Plan, to the extent the Managing Member possesses or can obtain such information without unreasonable effort or expense. The Managing Member shall revise or modify the Plan subject to the comments of the other Members. The Members shall unanimously approve the Plan no later than the first day of such fiscal year to which such Plan relates.
Sample 1
Financial and Operating Plan. On or prior to December 31, 2005, the Board shall approve a financial and operating restructuring plan.
Sample 1
AutoNDA by SimpleDocs

Related to Financial and Operating Plan

  • Management and Operations 15.1 The Operator shall prepare an annual work programme and budget for each Calendar Year during the term of this Agreement. Each such work programme and budget shall set out in reasonable details, the work to be carried out, facilities to be purchased or created, training and employment programme, establishment, salaries and wages, social welfare schemes to be undertaken, and an estimate of the Expenditure to be incurred. The Operator shall present such work programme and budget to the Government and the Working Interest Owners before the start of each Calendar Year and thereafter provide a quarterly update on the implementation of such work programme and budget.

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Financial Condition and Operations The Borrower will not permit any of the events set forth below to occur.

  • Management and Operation of Business 37 6.1 Management...................................................................................37 6.2 Certificate of Limited Partnership...........................................................38 6.3 Restrictions on General Partner's Authority..................................................38 6.4 Reimbursement of the General Partner.........................................................39 6.5

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Management and Operations of Business 30 Section 7.1 Management .............................................................. 30 Section 7.2 Certificate of Limited Partnership ...................................... 34 Section 7.3 Restrictions on General Partner's Authority ............................. 34 (i) 3 Section 7.4 Reimbursement of the Crescent Group ..................................... 35 Section 7.5 Outside Activities of the Crescent Group ................................ 35 Section 7.6 Contracts with Affiliates ............................................... 36 Section 7.7 Indemnification ......................................................... 36 Section 7.8 Liability of the General Partner ........................................ 39 Section 7.9 Other Matters Concerning the General Partner ............................ 39 Section 7.10 Title to Partnership Assets ............................................ 40 Section 7.11 Reliance by Third Parties .............................................. 40 Section 7.12 Limited Partner Representatives ........................................ 41

  • Communications and Operations Management a. Network Penetration Testing - Transfer Agent shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. Transfer Agent shall have a process to review and evaluate high risk findings resulting from this testing.

  • Maintenance and Operation Member-Generator agrees to maintain their system and facilities in accordance with applicable manufacturer's recommended maintenance schedule and standard prudent engineering practices. Member-Generator covenants and agrees to operate their system, facilities and equipment so as to minimize the likelihood for a malfunction or other disturbance, damaging or otherwise affecting or impairing Cooperative’s electrical system. Member-Generator shall comply with all applicable laws, regulations, zoning, building codes, safety rules and other environmental regulations or restrictions applicable to the design, installation, operation and maintenance of the Member-Generator's System. Member-Generator must, at least once every year, conduct a test to confirm that Member-Generator’s System automatically ceases to energize the output (interconnection equipment output voltage goes to zero) within two (2) seconds of being disconnected from Cooperative’s electrical system. Disconnecting the Member-Generator’s System from Cooperative’s electrical system at the visible disconnect switch and measuring the time required for the unit to cease to energize the output shall satisfy this test. Member-Generator shall maintain a record of the results of these tests and, upon request by Cooperative, shall provide a copy of the test results to Cooperative. If Member-Generator is unable to provide a copy of the test results upon request, Cooperative shall notify Member- Generator by mail that Member-Generator has thirty (30) days from the date Member-Generator receives the request to provide Cooperative with the results of a test. If Member-Generator does not provide Cooperative with the test results within the thirty (30) day time period or if the test results provided to Cooperative show that Member-Generator’s net metering unit is not functioning correctly, Cooperative may immediately disconnect Member-Generator’s System from Cooperative’s electrical system. If Member-Generator’s equipment ever fails this test, Member-Generator shall immediately disconnect Member-Generator’s System from Cooperative's electrical system. Member-Generator’s System shall not be reconnected to Cooperative's electrical system by the Member-Generator until Member-Generator’s System is repaired and operating in a normal and safe manner. Cooperative shall have the right to have a representative present and informed when any such tests are conducted. Cooperative does not warrant the testing procedures or results by the presence of its representative. Member-Generator is responsible for protecting their equipment from transient high voltage spikes caused by lightning and/or transient low voltage conditions caused by faults or short circuits, and from any other causes or events. Therefore, Cooperative shall not be responsible for damage to Member-Generator’s equipment allegedly caused by transient high voltage spikes caused by lightning and/or transient low voltage conditions caused by faults or short circuits or other causes or events. Member-Generator agrees to notify Cooperative no less than thirty (30) days prior to modification of the components or design of the Member-Generator’s System that in any way may degrade or significantly alter the System’s output characteristics. Member-Generator acknowledges that any such modifications will require submission of a new Application and Agreement to Cooperative.

  • Projected Operating Budget Furnish Agent, no later than thirty (30) days prior to the beginning of Borrower’s fiscal years commencing with fiscal year 2010, a month by month projected operating budget and cash flow of Borrower on a condolidated and consolidating basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

  • Financial 5.1 Community Council funds shall be used only for the benefit of the Métis citizens who are represented by the Community Council. Expenditures shall be consistent with the financial ability of the Community Council and may include, but are not limited to:

Time is Money Join Law Insider Premium to draft better contracts faster.