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Common use of Approval of Budgets Clause in Contracts

Approval of Budgets. Lender and the Borrower's Board of Directors will jointly approve the fiscal year 2000 monthly operating budgets for the San Diego "Flash" and the Riverside "Elite" soccer teams.

Appears in 2 contracts

Sources: Loan Agreement (San Diego Soccer Development Corp), Loan Agreement (San Diego Soccer Development Corp)

Related Clauses

  • Approval of Plans and Specifications
  • Approval of Plans
  • Waiver of Notice; Approval of Meeting; Approval of Minutes
  • Approval of Agreement
  • Approval of Plan

Parent Clauses

  • Operating Period
  • Operating Budgets and Capital Renewals Budgets
  • Budgets
  • Obligations of PQC
  • Budgets Contributions and Accounting

Sub-Clauses

  • Annual Operating Budgets
  • Definitions Relating to Budgets
  • Types of Budgets
  • Limitation on Expenditures; Use of Reserves
  • Approval of Room Rate Schedules
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