Compliance with Budgets. As of the end of each week, the aggregate amount of actual disbursements for operating expenses by members of the Transit Group during the period from the Closing Date to the end of such week shall not exceed the budgeted amounts for such period (as set forth in the related Initial Transit Budget, Second Transit Budget or Transit Budget, as the case may be) by more than (i) five percent (5%) for all budgeted line items in the aggregate and (ii) ten percent (10%) for any individual line item on such budget (such line items as to which such variance requirement shall apply to be determined by the Administrative Agent in its sole discretion).
Compliance with Budgets. 15 TP&S Payment Account; Bonded Receivables; Payments; Reinvestment Account.......................50 7.16 Payment of Taxes, Etc..........................................................................51
Compliance with Budgets. 53 Section 5.13 Transit Payment Accounts; Payments................................ 53 Section 5.14 Payment of Taxes, Etc............................................. 54 Section 5.15
Compliance with Budgets. Approved budgets shall be used by Operator as a guide for the actual operation of the Property. Written approval from Owner’s Executive Officer or his designee shall be required for any expense which exceeds the budgeted annual amount for that line item. Notwithstanding the foregoing, any increase in a Property expense which does not increase the budgeted amounts for such expense by more than 5% and which, when combined with any decreases in budgeted amounts made by Operator, does not cause an increase in the overall budget, shall not require approval.
Compliance with Budgets. As of the end of each week, the aggregate amount of actual disbursements for operating expenses by members of the TP&S Group during the period from the Closing Date to the end of such week shall not exceed the budgeted amounts for such period (as set forth in the related Initial TP&S Budget, Second 45-Day Budget or TP&S Budget, as the case may be) by more than (i) five percent (5%) for all budgeted line items in the aggregate and (ii) ten percent (10%) for any individual line item on such budget (such line items as to which such variance requirement shall apply to be determined by the Administrative Agent in its sole discretion).
Compliance with Budgets. As of the end of each week, the aggregate amount of actual disbursements for operating expenses by members of the TP&S Group during the period from October 5, 2001 to the end of such week shall not exceed the budgeted amounts for such period (as set forth in the applicable TP&S Budget) by more than (i) five percent (5%) for all budgeted line items in the aggregate and (ii) ten percent (10%) for any individual line item on such budget (such line items as to which such variance requirement shall apply to be determined by the Administrative Agent in its sole discretion).
Compliance with Budgets. The Company shall use commercially reasonable efforts to develop, construct, maintain and operate the Project in accordance with the Budgets, and the Company shall not permit the aggregate expenditures for any budget category (other than those related to feedstock and fuel) to exceed the budgeted amount by 10% or more for the applicable period set forth in the applicable Budget for the then-current fiscal year of the Company.
Compliance with Budgets. Except as otherwise expressly permitted under this Agreement, (i) incurring costs for Costs of Operation that are in excess of one-hundred and five percent (105%) of the applicable Annual Budget or (ii) incurring costs for Costs of Capital Improvements that are materially different from, or in excess of one-hundred and five percent (105%) of, the applicable Annual Budget.
Compliance with Budgets. The Annual Budget, after approval by Owner, shall be used by Agent as a guide for the actual operation of the Property. Except as expressly provided otherwise in this Agreement, Agent agrees not to make any expenditure for the maintenance and operation of the Property which would result in either (a) a particular category of the Annual Budget being exceeded by more than five percent (5%), (b) the amount of total expenditures under the Annual Budget being exceeded by more than five percent (5%), without in each case obtaining the prior written approval of Owner.
Compliance with Budgets. 43 Section 5.13
