Common use of Annual Operating Budget and CapEx Budgets Clause in Contracts

Annual Operating Budget and CapEx Budgets. Lender has received the Operating Budget and the CapEx Budget for the balance of the 2006 calendar year. Prior to February 15 of each subsequent calendar year (commencing with the 2007 calendar year), the Borrowers (on a consolidated basis) shall deliver to Lender the Operating Budget and CapEx Budget (in each case presented on a monthly and annual basis) for such calendar year for informational purposes only. The Borrowers may make changes to the Operating Budget and the CapEx Budget from time to time as deemed reasonably necessary by the Borrowers. Notice of any modifications to the Operating Budget and the CapEx Budget shall be delivered to Lender at the time of delivery of the next financial reporting required pursuant to Section 5.1(A)(iv). The Operating Budget shall identify and set forth the Borrowers' reasonable estimate, after due consideration, of all Operating Expenses on a line-item basis consistent with the form of Operating Budget delivered to Lender prior to Closing. The Operating Budget and the CapEx Budget will be delivered to Lender for Lender's information only and shall not be subject to Lender's approval provided that each such budget is consistent in form with the budgets delivered to Lender in connection with the Closing.

Annual Operating Budget and CapEx Budgets. Lender has received the Operating Budget and the CapEx Budget for the balance On or before December 1 of the 2006 each calendar year. Prior to February 15 of each subsequent calendar year (, commencing with the 2007 calendar year)in 2010, the Borrowers (on a consolidated basis) Issuer shall deliver to Lender Indenture Trustee and the Servicer the Operating Budget and CapEx Budget (in each case presented on a monthly and annual basis) for such calendar the following fiscal year for informational purposes only. The Borrowers Subject to the limitations set forth in the definition of “Monthly Operating Expense Amount”, the Issuer may make changes to the Operating Budget and the CapEx Budget from time to time as deemed reasonably necessary by the Borrowersit deems necessary. Notice of any modifications to the Operating Budget and the CapEx Budget shall be delivered to Lender the Indenture Trustee and the Servicer at the time of delivery of the next monthly financial reporting required pursuant to Section 5.1(A)(iv7.02(a)(iv). The Operating Budget shall identify and set forth the Borrowers' Issuer’s reasonable estimate, after due consideration, estimate of all Operating Expenses on a line-item basis consistent with the form of Operating Budget delivered to Lender the Servicer prior to Closingthe Initial Closing Date. The Operating Budget and the CapEx Budget will be delivered to Lender the Indenture Trustee and the Servicer for Lender's the Indenture Trustee’s and Servicer’s information only and shall not be subject to Lender's approval the Indenture Trustee’s or Servicer’s approval; provided that the Issuer shall cause each such budget is to be delivered in a form consistent in form with the budgets delivered to Lender in connection with the ClosingServicer on or about the Initial Closing Date.

Annual Operating Budget and CapEx Budgets. Lender has received the Operating Budget and the CapEx Budget for the balance of the 2006 calendar year. Prior to On or before February 15 of each subsequent calendar year (commencing with the 2007 calendar year), the Borrowers (on a consolidated basis) Issuer Entity shall cause the Asset Entities to deliver to Lender Indenture Trustee and the Servicer the Operating Budget and CapEx Budget (in each case presented on a monthly and annual basis) for such calendar fiscal year for informational purposes only. The Borrowers Subject to the limitations set forth in the definition of “Monthly Operating Expense Amount”, the Asset Entities may make changes to the Operating Budget and the CapEx Budget from time to time as deemed reasonably necessary by the BorrowersAsset Entities. Notice of any modifications to the Operating Budget and the CapEx Budget shall be delivered to Lender the Indenture Trustee and the Servicer at the time of delivery of the next financial reporting required pursuant to Section 5.1(A)(iv7.02(a)(iv). The Operating Budget shall identify and set forth the Borrowers' each Asset Entity’s reasonable estimate, after due consideration, of all Operating Expenses on a line-item basis consistent with the form of Operating Budget delivered to Lender the Manager prior to Closingthe Closing Date. The Operating Budget and the CapEx Budget will be delivered to Lender the Indenture Trustee and the Servicer for Lender's the Indenture Trustee’s and Servicer’s information only and shall not be subject to Lender's the Indenture Trustee’s or Servicer’s approval provided that the Issuer Entity shall cause each such budget is to be delivered in a form consistent in form with the budgets delivered to Lender in connection with the ClosingServicer on or about the Closing Date.

Annual Operating Budget and CapEx Budgets. Lender has received the Operating Budget and the CapEx Budget for the balance of the 2006 calendar year. Prior to On or before February 15 of each subsequent calendar year (commencing with the 2007 calendar year), the Borrowers (on a consolidated basis) Issuers shall deliver to Lender the Indenture Trustee and the Servicer the Operating Budget and CapEx Budget (in each case presented on a monthly and annual basis) for such calendar year for informational purposes only. The Borrowers Subject to the limitation set forth in the definition of “Monthly Operating Expense Amount”, the Issuers may make changes to the Operating Budget and the CapEx Budget from time to time as deemed reasonably necessary by the BorrowersIssuers. Notice of any modifications to the Operating Budget and the CapEx Budget shall be delivered to Lender the Indenture Trustee and the Servicer at the time of delivery of the next financial reporting required pursuant to Section 5.1(A)(iv7.02(a)(iv). The Operating Budget shall identify and set forth the Borrowers' each Issuer’s reasonable estimate, after due consideration, of all Operating Expenses on a line-item basis consistent with the form of Operating Budget delivered to Lender the Indenture Trustee and the Servicer prior to Closingthe Closing Date. The Operating Budget and the CapEx Budget will shall be delivered to Lender the Indenture Trustee and the Servicer for Lender's the Indenture Trustee’s and the Servicer’s information only and shall not be subject to Lender's the Indenture Trustee’s or the Servicer’s approval provided that each such budget is consistent in form with the budgets delivered to Lender in connection with the ClosingServicer on or prior to the Closing Date.

Annual Operating Budget and CapEx Budgets. Lender has received the Operating Budget and the CapEx Budget for the balance of the 2006 calendar year. Prior to February On or before December 15 of each subsequent calendar year (commencing with the 2007 calendar year), commencing in 2012, the Borrowers (on a consolidated basis) Issuer shall deliver to Lender the Servicer (and if so requested by the Indenture Trustee promptly upon the Indenture Trustee’s request) the Operating Budget and CapEx Budget (in each case presented on a monthly and annual basis) for such calendar the following fiscal year for informational purposes only. The Borrowers Subject to the limitations set forth in the definition of “Monthly Operating Expense Amount”, the Issuer may make changes to the Operating Budget and the CapEx Budget from time to time as deemed reasonably necessary by the Borrowersit deems necessary. Notice of any modifications to the Operating Budget and the CapEx Budget shall be delivered to Lender the Indenture Trustee and the Servicer at the time of delivery of the next monthly financial reporting required pursuant to Section 5.1(A)(iv7.02(a)(iv). The Operating Budget shall identify and set forth the Borrowers' Issuer’s reasonable estimate, after due consideration, estimate of all Operating Expenses on a line-item basis consistent with the form of Operating Budget delivered to Lender the Servicer prior to Closingthe Initial Closing Date. The Operating Budget and the CapEx Budget will be delivered to Lender the Indenture Trustee (if requested) and the Servicer for Lender's the Indenture Trustee’s and Servicer’s information only and shall not be subject to Lender's approval the Indenture Trustee’s or Servicer’s approval; provided that the Issuer shall cause each such budget is to be delivered in a form consistent in form with the budgets delivered to Lender in connection with the ClosingServicer on or about the Initial Closing Date.

Annual Operating Budget and CapEx Budgets. Lender has received the Operating Budget and the CapEx Budget for the balance of the 2006 calendar year. Prior to February 15 15, of each subsequent calendar year (commencing with the 2007 calendar year), commencing on such date in 2006, the Borrowers (on a consolidated basis) shall deliver to the Lender the Operating Budget and CapEx Budget (in each case presented on a monthly and annual basis) for such calendar year for informational purposes only. The Borrowers may make changes to the Operating Budget and the CapEx Budget from time to time as deemed reasonably necessary by the Borrowers, including to reflect the addition of any Additional Borrower, Additional Sites, or Additional Borrower Sites. Notice of any modifications to the Operating Budget and the CapEx Budget shall be delivered to the Lender at the time of delivery of the next financial reporting required pursuant to Section 5.1(A)(iv). The Operating Budget shall identify and set forth the Borrowers' each Borrower’s reasonable estimate, after due consideration, of all Operating Expenses on a line-item line‑item basis consistent with the form of Operating Budget delivered to the Lender prior to ClosingOriginal Closing Date. The Operating Budget and the CapEx Budget will be delivered to the Lender for the Lender's ’s information only and shall not be subject to the Lender's ’s approval provided that each such budget is consistent in form with the budgets delivered to the Lender in connection with the Original Closing.

Annual Operating Budget and CapEx Budgets. Lender has received the Operating Budget and the CapEx Budget for the balance of the 2006 calendar year. Prior to On or before February 15 of each subsequent calendar year (commencing with the 2007 calendar year), the Borrowers (on a consolidated basis) Issuer shall deliver to Lender the Indenture Trustee and the Servicer the Operating Budget and CapEx Budget (either separately or combined, and in each case presented on a monthly and annual basis) for such calendar fiscal year for informational purposes only. The Borrowers Issuer may make changes to the Operating Budget and the CapEx Budget from time to time as deemed reasonably necessary by it deems necessary, including to reflect the Borrowersaddition of any Additional Asset Entity, Additional Tower Sites or Additional Obligor Tower Sites. Notice of any material modifications to the Operating Budget and the CapEx Budget shall be delivered to Lender at the time of delivery of Indenture Trustee and the next financial reporting required pursuant to Section 5.1(A)(iv)Servicer within thirty (30) days after such modification is made. The Operating Budget shall identify and set forth the Borrowers' Issuer’s reasonable estimate, after due consideration, estimate of all Operating Expenses on a line-item basis consistent with the form of Operating Budget delivered to Lender the Servicer prior to Closingthe Amendment Effective Date. The Operating Budget and the CapEx Budget will be delivered to Lender the Indenture Trustee and the Servicer for Lender's the Indenture Trustee’s and Servicer’s information only and shall not be subject to Lender's approval the Indenture Trustee’s or Servicer’s approval; provided that the Issuer shall cause each such budget is to be delivered in a form consistent in form with the budgets delivered to Lender in connection with the ClosingServicer on or about the Amendment Effective Date.