within 90 days following the end of each full fiscal year, a consolidated annual budget for such fiscal year in the form customarily prepared by the Borrower Representative (the “Budget”);

Initial Work Program and Budget and, # in all other cases, shall not exceed for any Calendar Year five percent (5%) of the total annual Work Program and Budget in question.

“Approved Annual Budget” shall have the meaning set forth in [Section 4.1.11] hereof.

Implements Monthly Operating Report (MOR) and Annual Plans including budget to actual reporting;

“Annual Budget” has the meaning set forth in Clause 6.3 of the Shareholders’ Agreement.

“Annual Budget” shall mean a budget covering the operations of Newco and its Subsidiaries for a Calendar Year, setting forth reasonable line item detail regarding anticipated revenues and expenditures, including: # forecasted revenues; # estimated operating expenditures; # estimated capital expenditures; # proposed financing plans for such expenditures; # a comparison to the previous year’s Annual Budget; # detail on the workforce, including FTE details and plans; # Crestwood Midstream’s cost allocation details; and # such other items as Newco may deem appropriate.

to ensure that expenditures of the Company are within the authorized annual budget of the Company;

“Initial Annual Budget and Business Plan” means an Annual Budget and Business Plan for the EnTrust Entities and the Permal Entities on a combined basis for the fiscal period commencing on ​ and ending ​, to be mutually agreed upon by Legg and Hymowitz in accordance with the principles set forth on [Exhibit I].

Annual. After the end of each fiscal year of Regional, and in any event within 120 days thereafter, # balance sheets and # statements of income of Regional and its Subsidiaries, prepared on a consolidated basis including a Special Purpose Subsidiary; together with:

using market input, initiate and drive annual research and development strategies and research and development budget in the areas of new product development, new technology applications, alternative materials sourcing, etc.;