Variances From Operating Budget. Furnish ​, concurrently with the delivery of the financial statements referred to in [[Sections 9.7, 9.8 and 9.9]9]9]]9]9], a written report summarizing all material variances from budgets submitted by ​ pursuant to [Section 9.12] and a discussion and analysis by management with respect to such variances.

Business Plan and Budget. As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the ​, an annual business plan and budget of the ​ and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the ​, in form reasonably satisfactory to the ​ and the Required ​, of Consolidated balance sheets and statements of income or operations and cash flows of the ​ and its Subsidiaries on an annual basis for the immediately following fiscal year.

Initial Development Plan and Budget. Either Party, directly or through its representatives on the JDC, may propose amendments to the Initial Development Plan and Budget from time to time. Any and all such amendments shall be subject to approval by the JDC as set forth in [Section 2.2.2], subject to the dispute resolution procedures set forth in [Section 2.4.3].

“Budget” shall mean any Annual Budget or any other budget approved by Newco.

"Budget" any budget delivered by the Parent to the Agent pursuant to Clause 21.4 (Budget).

Approval by Newco. Newco shall prepare and approve the final Annual Budget by December 1 of the calendar year in which Crestwood Midstream submitted a proposed Annual Budget pursuant to [clause (a) above]. If the Annual Budget is not approved by Newco prior to the date when such Annual Budget is to become effective, Crestwood Midstream shall continue to use the Annual Budget then in effect, extrapolated to a 12-month budget period in the case of the use of the Annual Budget for 2016, except that # any items of the proposed Annual Budget that previously were approved by the Board shall be given effect in substitution of the corresponding items in the Annual Budget for the previous year, # any one-time or non-recurring items and the corresponding budget entries therefor shall be deleted, and # all other categories of expenses from the Annual Budget for 2016 or the Annual Budget for the previous period or year, as applicable, shall be increased by five percent (5%).

"Budget" means the cash-flow budget attached hereto as [Exhibit B], as such budget may be amended with the written consent of Administrative Agent.

*Final Project Budget is based on pricing of 100% Design Development Package. Changes to Budget & Schedule thereafter shall be approved via TCR process.

Recommends yearly budget for the President/COO approval and prudently manages organization’s resources within those budget guidelines according to current laws and regulations.

“Annual Budget” shall mean the operating budget, including all planned Capital Expenditures, for the Property prepared by ​ for the applicable Fiscal Year.