Common use of Approval of Budgets Clause in Contracts

Approval of Budgets. The Company shall prepare and submit to the Investor Group for approval, an annual operating and capital budget, and shall not permit, without the prior written consent of the Investor Group, any variation by more than 5% from the amounts set forth in such budgets for indebtedness, capital expenditures, fixed costs and the ratio of total liabilities to total assets, provided that the Investor Group shall exercise such approval right in what it in good faith believes to be in the best interests of the Company and its stockholders.