Budget Update. The updated budget provided by the Parent to the Administrative Agent on January 26, 2004 has been reviewed and approved by the board of directors of the Parent and, as of the Effective Date, continues to represent the Parent's good faith estimate with respect to the matters contemplated therein.
Budget Update. The Owner shall establish and update the Budget based on consultation with the Architect/Engineer, which shall include the Construction Cost, the Owner's other costs and reasonable contingencies related to all of these costs.
Budget Update. No later than the third Business Day after the end of (x) every four calendar weeks in the case of clause (a) below (beginning with the four-week period ending on January 29, 2016) or (y) every calendar week in the case of clause (b) below, in each case, after the Closing Date (beginning with the week ending January 8, 2016), the Borrower will provide to the Administrative Agent and the Lenders:
Budget Update. (A) The Parent shall supply to the Agent (in sufficient copies for those Lenders which have requested copies) as soon as the same becomes available but in any event within 60 days of the end of each Accounting Quarter, an update of the projections contained in the most recent Operating Budget delivered to the Agent; and
Budget Update. 49 ARTICLE 4 CONDITIONS.................................................................... 50 4.1 Conditions Precedent to Effectiveness of Agreement................................ 50 ARTICLE 5
Budget Update. Expense Category Current Approved Recovery Act Budget (from workplan)* Recovery Act Costs Incurred This Quarter Recovery Act Costs Incurred To Date Total Recovery Act Funds Remaining Personnel Travel $5,000 Equipment Supplies $500 Contractual $191,000 Other $3,500 Total $200,000 Site Specific Budget Summary: Site Name Current Quarter Costs Cumulative Costs Incurred to Date
Budget Update. The portfolio’s current cash limit budget approved at the Budget Council Meeting was set at £21.330m. The table below illustrates the budget adjustments from the 2020/21 Quarter 3 position, which aligns to the PPRR 20/21 annual report. The indicative adjustments and savings were all agreed as part of the 2021/22 budget setting process. Sustainable Stockport £000 2020/21 Budget at Q3 21,390 Indicative Adjustments: Partner Organisation Stranded Overhead Adjustment part year 60 Savings Proposal from 20/21; Reserves support reversal. (50) Savings: Adjustment to budget – resource and vacancy management plus additional waste income (70) 2021/22 Cash Limit 21,330 The cash limit budget is illustrated in the table below illustrating gross expenditure and income to reflect the net cash limit budget: Employee Expenditure Non-Employee Expenditure Gross Expenditure Gross Income Net Cash limit Budget £000 £000 £000 £000 £000 Borough Leisure Facilities 19 640 659 0 659 Cemeteries and Crematoria 310 183 493 (963) (470) Climate Change 110 90 200 (200)* (0) Highways Maintenance 1,098 3,604 4,702 (1,380) 3,322 Housing Standards 299 8 307 (15) 292 Neighbourhoods 1,662 13,978 15,640 (960) 14,680 Public Protection 1,714 1008 2,722 (1,138) 1,584 Public Rights of Way 35 93 128 (29) 99 Road Safety 237 92 329 (264) 65 Strategic Housing 329 1,003 1,332 (1,332) (0) Street Lighting 0 3,481 3,481 (7) 3,474 Sustainable Policy 66 25 91 0 91 Traffic Services 610 257 867 (1,053) (186) Traffic Services (Parking) 704 1,527 2,231 (4,511) (2,280) Sustainable Stockport Total 7,193 25,989 33,182 (11,852) 21,330* *The £0.200m in the climate change income column is funded by a reserve and is not external income.
Budget Update. (a) No later than the fifth Business Day after the end of every month after the Interim Facility Effective Date (commencing on June 7, 2016), the Company will provide to the Administrative Agent a new thirteen (13)-week budget covering the 13-week period commencing on the first day of such month and otherwise in form and substance substantially similar to the Initial Budget and containing information reasonably requested by the Administrative Agent or the Majority Lenders (such budget, together with the Initial Budget, the “Budget”) (provided that the Administrative Agent and the Majority Lenders shall have the right to dispute any such updates by providing the Company notice thereof within five Business Days after the delivery by the Company of any such update; provided further that (i) to the extent the Administrative Agent or the Majority Lenders do not provide such dispute notice within such five Business Day period, such update shall be deemed approved and consented to by the Administrative Agent and the Lenders and shall be deemed to constitute the Budget upon the expiration of such five Business Day period and (ii) to the extent the Administrative Agent or the Majority Lenders do provide such dispute notice within such five Business Day period, the then-existing Budget shall continue to constitute the applicable Budget until such time as an update is agreed to among the Company, the Administrative Agent and the Majority Lenders); and
Budget Update. 60 ARTICLE 4 CONDITIONS..................................................... 61 4.1 Conditions Precedent to Effectiveness of Agreement................. 61 4.2 Each Credit Event.................................................. 63
Budget Update. Seller shall provide Purchaser with a report on each of October 31, November 30 and two (2) business days prior to the Closing Date detailing by line-item all amounts actually expended as set forth on the Budget.
