Subsequent Budget definition

Subsequent Budget means any budget, following approval of the Initial Budget, submitted by the Responsible Person pursuant to Article IV.G hereof.
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Subsequent Budget means the major maintenance and capital expenditures budget for Seller for the periods from January 1, 2022 to December 31, 2022 and January 1, 2023 to December 31, 2023, in each case adopted by Seller in accordance with Seller's annual budgeting processes.
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Subsequent Budget as defined in subsection 8.1.3(iii) of the Agreement. Subsidiary - any Person of which another Person owns, directly or indirectly through one or more intermediaries, more than 50% of the Voting Stock at the time of determination. Supermajority Revolving Lenders - as of any date prior to termination of the Revolving Loan Commitments, Revolving Lenders holding 77% or more of the outstanding Revolving Loan Commitments determined on a combined basis; and following the termination of the Revolving Loan Commitments, Revolving Lenders holding 77% or more of the outstanding Revolving Loans, LC Amount and LC Obligations not yet reimbursed by Borrower or funded with outstanding Revolving Credit Loans; provided, that (i) in each case, if there are 3 or more Lenders with outstanding Loans, LC Amounts, unfunded and unreimbursed LC Obligations or Revolving Loan Commitments, at least 3 Lenders shall be required to constitute Majority Revolving Lenders; and (ii) prior to termination of the Revolving Loan Commitments, if any Revolving Lender breaches its obligation to fund any requested Revolving Credit Loan, for so long as such breach exists, its voting rights hereunder as a Revolving Lender shall be calculated with reference to its outstanding Revolving Loans, LC Amounts and unfunded and unreimbursed LC Obligations, rather than its Revolving Loan Commitment.
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Examples of Subsequent Budget in a sentence

  • During the Interim Period, Seller will (a), promptly after its preparation, and in no event later than fifteen (15) Business Days after the end of each calendar month, provide Buyer with the monthly operating report with respect to the Project in the form attached as Exhibit 5.17 and (b) as promptly as practicable after the adoption thereof, provide Buyer with a copy of each Subsequent Budget.

  • On each Monday during the term of the Budget or any Subsequent Budget, the Debtor shall deliver to Wachovia and Wachovia's counsel a detailed report showing all Cash Collateral received and all disbursements (including outstanding checks) made by the Debtor during the previous seven (7) calendar days (indicating any receipt or disbursement variance from the Budget), and copies of all deposit receipts showing that such Cash Collateral has been deposited into the Wachovia DIP Account.

  • Prior to the end of the First Tariff Period, and prior to the end of each calendar year following the end of the First Tariff Period, (each calendar year following the end of the First Tariff Period being hereinafter referred to as a "Subsequent Tariff Period"), the Seller's board of directors shall prepare a new budget (a "Subsequent Budget") for the costs the Seller estimates will be incurred with respect to the Power Station in the applicable Subsequent Tariff Period.

  • The Interim Budget and any Subsequent Budget are referred to as an “Approved Budget.” If the Board of Managers cannot agree on a Subsequent Budget for the Company with respect to any Fiscal Year, the Members shall fund each category of operating expenses of the Company in an amount that is equal to the amount of such category of operating expenses set forth in the previous Approved Budget or the Interim Budget, as the case may be, increased by five percent (5%).

  • Such amounts in a Subsequent Budget also shall be the basis for any adjustments to the Current Tariff to be made pursuant to Section 8 hereof during such applicable Subsequent Tariff Period.

  • Unless and until Wachovia and the Debtor agree in writing to a Subsequent Budget, and unless sooner terminated pursuant to paragraph 8 hereof, the Debtor shall not be permitted to use Cash Collateral for any purpose after August 23, 2002.

  • As consideration for acting as the Escrow Agent hereunder, the Escrow Agent shall be paid (a) $15,000.00 on the Closing Date, and (b) $5,000.00 on each Initial Day of a Subsequent Budget Period (such amounts are hereinafter referred to as the “Escrow Agent Compensation”).

  • If during the Term, in any year, there is a Significant Change in Costs (which for purposes of this Method shall be defined as a five percent (5%) or more increase in Fuel Costs beyond the amounts budgeted for Fuel Costs in the Initial Budget or applicable Subsequent Budget, as the case may be), such Significant Change in Costs shall be reflected in a corresponding adjustment to the Current Tariff.

  • The amounts in a Subsequent Budget which are adopted by the Seller's board of directors, as adjusted for fluctuations in the exchange rate and for the differences between actual and budgeted costs, shall be the basis for determining the Current Tariff which shall be payable by the Purchaser in applicable Subsequent Tariff Periods.

  • The Subsequent Budget shall contain specific line items and cost estimates for the various components of the Current Tariff defined in Section 6 hereof, and where appropriate, adjustments to such costs for fluctuations in the exchange rate.


More Definitions of Subsequent Budget

Subsequent Budget means the operating budget with respect to the Super Entities covering the period from October 1, 2008 through and including December 31, 2008 which (i) has been prepared in a manner consistent with historical practices, (ii) has been approved by the Administrative Agent and the other Lender Parties, and (iii) is attached hereto as Exhibit A.
Sample 1

Related to Subsequent Budget

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Approved Budget means an annual budget-

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

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

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

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

  • DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Research Budget has the meaning set forth in Section 3.2.

  • Project area budget means a multiyear projection of annual or cumulative

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Prospective budgeting means the determination of eligibility and the amount of assistance for a calendar month based on the best estimate of income and circumstances which will exist in that calendar month.

  • Closing Date Business Plan means the set of Projections of Borrower for the 1 year period following the Closing Date (on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Business Plan means the information required to be supplied to the

  • Scheduled Commissioning Date or “SCD” of the Project shall mean [Insert Date];

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;