Section # Initial Annual Budget and Business Plan. The EnTrust Contributor and the Permal Contributor hereby mutually agree that the Initial Annual Budget and Business Plan will be the Annual Budget and Business Plan for the Company for the fiscal period commencing on the Closing and ending on March 31, 2017.
“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 April 1, 2016 and ending March 31, 2017, to be mutually agreed upon by Legg and Hymowitz in accordance with the principles set forth on [Exhibit I].
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