Operating and Capital Budgets. Immediately upon the execution hereof the Annual Operating Budget and Annual Plan (each as defined in the Management Agreement) previously submitted by HLVMC to the Company on September 30, 1996, shall be deemed approved NUNC PRO TUNC as of November 1, 1996.
Appears in 2 contracts
Sources: Stock Purchase and Management Buyout Agreement (Hard Rock Hotel Inc), Stock Purchase and Management Buyout Agreement (Harveys Casino Resorts)