Common use of Operating and Capital Expenditure Budgets Clause in Contracts

Operating and Capital Expenditure Budgets. At least thirty days prior to the end of each Fiscal Year during the term of this Agreement, the General Partner will submit to the Limited Partner proposed operating and capital expenditure budgets for the Partnership and its Subsidiaries for the following Fiscal Year and will negotiate in good faith with the Limited Partner regarding any changes to such budgets requested by the Limited Partner. If the General Partner and the Limited Partner are unable to reach agreement on the changes proposed by the Limited Partner, the operating and capital expenditure budgets for the Partnership and its Subsidiaries proposed by the General Partner will be the budgets of the Partnership and its Subsidiaries.