Operating Budget definition

Operating Budget has the meaning given in Section 3.11(a).

Operating Budget has the meaning set forth in Section 8.5.

Operating Budget means, with respect to any Fiscal Year, the operating budget for the Mortgaged Property reflecting Borrower’s projections of Gross Revenues and Property Expenses for the Mortgaged Property for such Fiscal Year and on an annual and monthly basis and submitted by Borrower to Lender in accordance with the provisions of Section 5.1(r)(viii), which Operating Budget shall include, as a component thereof, a Working Capital Budget.

Examples of Operating Budget in a sentence

• Subject to the limitations set forth in the Management Agreement, the Issuer may make changes to the Operating Budget from time to time as it deems necessary.

• On or before March 31 of each calendar year, commencing with 2025, the Issuer shall furnish to the Indenture Trustee and the Servicer the Operating Budget (presented on a monthly and annual basis) for such calendar year.

• Notice of any material modifications to the Operating Budget shall be delivered to the Indenture Trustee and the Servicer on or prior to the last day of each calendar month.

• The Operating Budget will be delivered to the Indenture Trustee and the Servicer for the Indenture Trustee’s and Servicer’s information only and shall not be subject to the Indenture Trustee’s or Servicer’s approval; provided that the Issuer shall cause each such Operating Budget to be delivered in a form consistent with the initial Operating Budget delivered to the Servicer on or about the Initial Closing Date.

More Definitions of Operating Budget

Operating Budget has the meaning set forth in Section 2.4(c)(iv).

Operating Budget has the meaning assigned to such term in Section 7.05(a)(A) of this Agreement.

Operating Budget means the annual operating budget which sets forth the detail and summary of anticipated receipts and disbursements for the upcoming fiscal year.

Operating Budget. As defined in Section 3.5.

Operating Budget is defined in Section 2.05.

Operating Budget which shall set forth, among other matters, anticipated cash income and expenditures and reserve additions for such Fiscal Year;

Operating Budget means, collectively, for any period, the Borrowers' budgets setting forth the Borrowers' best estimate, after due consideration, of all Operating Revenues and Operating Expenses and any other revenues, costs and expenses for each of the Properties for such period, which budgets have been approved by Lender in accordance herewith, as same may be amended pursuant to Section 5.1(D) hereof.