Financial Budget Sample Clauses

Financial Budget. (a) The Borrower shall supply to the Agent, as soon as the same becomes available, but in any event not later than 45 Business Days after the start of each of its financial years (beginning with the financial year following the original date of this Agreement), a copy of the financial budget in respect of that financial year. (b) Each financial budget shall include: (i) a projected cash flow statement and profit and loss account (consolidated if applicable) of the Borrower for that financial year and for each Accounting Quarter of that financial year; (ii) a projected balance sheet (consolidated if applicable) of the Borrower as at the end of each Accounting Quarter of that financial year; (iii) projected levels of the financial ratios in Clause 21.1 (Financial covenants) as at each Relevant Date of that financial year, or, as the case may be, in respect of the Relevant Period ending on each Relevant Date of that financial year; and (iv) projected Consolidated Adjusted EBITDA of the Borrower and the projected revenues and net profit after tax of the Borrower and of each of its principal operating divisions, for that financial year and for each Accounting Quarter of that financial year.
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Financial Budget. 7.2.1 每个招生阶段开始前，由双方根据协商制订的招生、教学计划，提出本方用于开展本合作项目的成本。 Each party summits its own cost to the Program based on the teaching plan before the student’s enrollment. 7.2.2 联合管理委员会根据培养方向、教育与实践内容、师资安排等，拟定收费标准。 The JMC formulates the tuition fee of each course based on the teaching plan. 7.2.3 各方成本、收费标准经联合管理委员会审核通过后，作为结算依据。 The Financial settlement is based on each party’s cost and tuition fee which are approved by the JMC. 7.2.4 招生结束后，联合管理委员会将预算盈余的 70%用于双方利润分配；剩余 30%作为不可预测备用资金，留待学生毕业后再次分配。利润分配比例由双方根据各培养专业的具体教学情况，制订针对性的分配方案。 After the enrollment, the JMC allocates 70% of the budget surplus to both parties, and the remaining 30% as an unpredictable expendable fund which shall be allocated again after the student graduation. The proportion of profit distribution shall be formulated by two parties according to the distribution plan and approved by the JMC.
Sample 1
Financial Budget. The financial budget for the execution of the research activities as mentioned in §2 above, is preliminary estimated at an amount of 50 000 EUR p.a.. The breakdown of the financial budget will be agreed upon between both contractors in the amendments to this agreement referred to in §2 above. As a principle, the financial expenses related to the administration and elaboration of a single master thesis will be covered by a lump sum of 4 000 EUR, exclusive of any other expenses to be agreed upon, while the administration and elaboration of a doctorate thesis will be covered by a lump sum of 20 000 EUR, exclusive of any other expenses to be agreed upon. The particulars related to the occupation of the senior scientist, provided for in §4, the PHD students and the master these students will be agreed upon between Bekaert and the respective senior scientist, PHD student or master these student based on the templates attached as Annex 1, 2 and 3 to this Agreement. Expenses of costs to be paid by Bekaert to MTF STU for short term assignments of bachelors will be paid directly to MTF STU with reference “short time assignment by bachelor”. Other financial expenses related to research and expertise activities of MTF STU research staff members, authorized by Research project management (§4), will be specified in mutual agreement in amendments to this agreement. Partners declare good will to fulfill all objectives specified in this agreement and consecutive amendments. Both contractors provide necessary specialists for the entire duration of the project. In the frame of the project, Bekaert will be responsible for following items: 1. Proposal of research topics for graduate, doctorate and post doctorate students 2. Coverage of expenses related with research activities of graduate, doctorate and post doctorate students further specified in amendments 3. Coverage of expenses related with research and expertise activities of MTF STU research staff members authorized by Research project management (§4) 4. Personal, material and technical support of graduate, doctorate and post doctorate students 5. Personal, material and technical support for project managers 6. Lecturing and training for students and researchers involved in projects Responsibility of the MTF STU is as follows: 1. Recruitment of graduate, doctorate and post doctorate students for research activities held in the frame of graduate and doctorate thesis and post doctorate internship 2. Personal, material and ...
Sample 1
Financial Budget. 1. The budget for the first two years of the Project PDAM+ as described in Exhibit A Scope of Work is GBP 120,000 (one hundred and twenty thousand pounds sterling) 2. The budget for the reduced scope of work for the first two years of the Project PDAM+ as described in Exhibit A Scope of Work is GBP 40,000 (forty thousand pounds sterling). 3. The budget for subsequent years of the PDAM+ as described in Exhibit A Scope of Work is GBP 40,000 (forty thousand pounds sterling), subject to an annual increase of 5 percent. The budget figure assumes that no additional work will be performed. 4. Each Participant shall be invoiced equally by Contractor
Sample 1
Financial Budget. As soon as practicable after the Establishment Date, and thereafter prior to the beginning of each Fiscal Year, the CFO shall, in a manner consistent with the form and timing requirements of the Parties, prepare and submit to the Board an annual plan and budget for the ensuing Fiscal Year (the “Financial Budget”), including at a minimum a financial budget, a plan for capital investments and dispositions and borrowings, forecasts of price levels, sales, expenses, earnings and distributable profits, and such other items as are required [or production and business operations of the Company.
Sample 1
Financial Budget. With revenue forecasts, profit forecasts and a funding scheme, an official financial budget can be made. This entails a balance sheet for the development years and two years after product launch, an operating budget for the same period, a liquidity budget for the same period and an investment budget. The Return on Investment (ROI) is one of the most common metrics used to determine the value of a company for an investor. The ROI indicates the benefits that an investor can expect when investing in your
Sample 1
Financial Budget. Work within prescribed PNZ Beijing 2022 Paralympic Winter Games budgets, managed by the PNZ Games Campaign and Sports Manager.
Sample 1
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Financial Budget. (a) The Borrower shall supply to the Agent, as soon as the same becomes available, but in any event not later than 20 Business Days after the start of each of its financial years (beginning with the financial year during which the Operating Commencement Date is scheduled to occur), a copy of the Financial Budget in respect of that financial year. (b) Each Financial Budget shall include: (i) beginning with the financial year during which the Operating Commencement Date is scheduled to occur: (A) a projected cash flow statement and profit and loss account (consolidated if applicable) of the Borrower for that financial year and for each Accounting Quarter of that financial year; (B) a projected balance sheet (consolidated if applicable) of the Borrower as at the end of each Accounting Quarter of that financial year; and (C) projected levels of the financial ratios in Clause 25.1 (Financial covenants) as at the end of, or, as the case may be, in respect of the Relevant Period ending at the end of, each Accounting Quarter of that financial year (beginning with the financial year during which the Borrower is scheduled to begin complying with the terms of Clause 25.1 (Financial covenants)); and (ii) beginning with the financial year during which the Borrower is scheduled to begin complying with the terms of Clause 25.1 (Financial covenants), projected Consolidated Adjusted EBITDA of the Borrower and the projected revenues and net profit after tax of the Borrower and of each of its principal operating divisions, for that financial year and for each Accounting Quarter of that financial year.
Sample 1
Financial Budget. 9.1 The draft budget statement will be provided each year as a result of the Annual Agreement Process and ratified by the appropriate authority and through the requisite governance arrangements. Budgets will be reported to the Integrated Commissioning Board.
Sample 1

Related to Financial Budget

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Approved Budget (a) On the last Thursday of each month after the Second Amendment Effective Time, on or before 12:00 pm (New York City time) on such Thursday, Administrative Borrower shall prepare and deliver to the Administrative Agent, for review and approval by the Required DDTL Approving Lenders, an updated week-by-week operating budget for the then subsequent month (each a “Budget” and, once approved as set forth below, the “Approved Budget”), which shall reflect Administrative Borrower’s good faith projection, for the Borrowers and their respective Restricted Subsidiaries, of (a) all weekly receipts (including from asset sales) and expenditures (including ordinary course operating expenses and any other fees and expenses related to the Loan Documents) in connection with the operation of their businesses, (b) weekly disbursements, and (c) net cash flow, in each case, for such month. The Budget delivered during the week of March 4, 2024 shall be the Approved Budget for March 2024. Together with delivery of the Budget, Administrative Borrower shall provide the Administrative Agent (for subsequent delivery to the Lenders) a variance report (“Variance Report”) in a form and substance reasonably acceptable to the Required DDTL Approving Lenders, comparing the actual receipts, disbursements, and net cash flow for such month through the immediately preceding week compared to the Approved Budget, both in dollar ($) and percentage (%) figures and an explanation of the variance. Each week promptly after the delivery of the Variance Report, the Borrower’s senior management and financial professionals shall review the Variance Report in detail during a telephonic conference with the Lenders. If the proposed Budget was timely delivered and contains the requisite information, the Lenders shall have until 2:00 p.m. (New York City Time) on the first Business Day of the following week to review any Budget after which time such Budget shall become an Approved Budget for all purposes hereunder; provided, no such Budget shall become an Approved Budget if reasonably objected to in writing (which may include e-mail) during the review period by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) or Required DDTL Approving Lenders. (b) In the event that an event or circumstance occurs in between the monthly dates on which the Budgets are otherwise due pursuant to Section 6.24(a) which would make the then current Budget materially inaccurate, within two (2) Business Days of becoming aware of such event or circumstance, the Administrative Borrower shall provide notice of such event or circumstance to the Administrative Agent and the Lenders and promptly deliver a revised Budget reflecting the impact thereof. Without limiting the foregoing, the Budget shall be updated, modified or supplemented by the Administrative Borrower with the written consent of the Administrative Agent (at the direction of the Required DDTL Approving Lenders), and upon the request of the Administrative Agent (at the direction of the Required DDTL Approving Lenders) from time to time. (c) Each Budget delivered to the Administrative Agent and the Lenders shall be accompanied by such supporting documentation as reasonably requested by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) and shall be prepared in good faith, with due care and based upon assumptions the Borrower believe to be reasonable. (d) Within one (1) Business Day of any Loan Party having knowledge of their occurrence or existence, Administrative Borrower shall provide the Administrative Agent and Lenders with written notice of any event or condition which is reasonably likely to entail expenditures of more than $100,000 which is not included in the Approved Budget (including, but not limited, on account of an accident, environmental event or other unanticipated occurrence) or which would otherwise be reasonably likely to have a negative impact on the value of the Loan Parties’ and their Subsidiaries’ assets or future business prospects or a similar event.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Operating Budget Attached hereto as Exhibit C is the annual operating budget for the Company for the remainder of the 2007 Fiscal Year. On October 31 of each Fiscal Year of the Company commencing on October 31, 2007, the Operating Member shall submit a new annual operating budget for the Company for the ensuing Fiscal Year for the review and approval of the Management Committee (the initial and each new annual operating budget, as approved, being the “Operating Budget”). Each Operating Budget shall set forth on a detailed itemized basis: (i) all receipts projected for the period of such Operating Budget and all expenses, by category, for the Company (including, without limitation, all repairs and capital expenditures projected to be incurred during such period), (ii) the anticipated operating reserves and working capital projected to be required for such period, (iii) a schedule setting forth the timing and amount of any Additional Contributions projected to be required by the Members for such Fiscal Year (or other period); and (iv) a five (5)-year projection setting forth the estimated revenues, expenses and net operating income (or loss) expected to be incurred for the next five (5) years for the Company which shall be updated to compare the actual results to the projected results set forth in the prior Operating Budget. The Operating Budget shall also include a detailed description of such other information, contracts, agreements and other matters reasonably necessary to inform the Management Committee of all matters relevant to the ownership, operation, management, maintenance, leasing and sale of the Project (or any portion thereof) or as may be reasonably requested by any representative of the Management Committee. Except as otherwise expressly set forth herein, the Operating Member shall only have the authority to incur the costs and expenditures set forth in an approved Operating Budget (subject to the ability to apply line item cost savings, contingency line item amounts, budget variances, etc., if any, contained in such Operating Budget, as and if so permitted by the parameters of such Operating Budget), without any further approval of the Management Committee (or the Members). Except as otherwise provided within any Operating Budget, the Operating Budget may not be increased without the prior approval of the Management Committee.

  • Annual Budget For the partial year period commencing on the date hereof, and for each calendar year thereafter, the Borrower shall submit to Lender an Annual Budget not later than sixty (60) days prior to the commencement of such period or calendar year in form reasonably satisfactory to Lender, or for so long as an Operating Lease remains in effect, no later than five (5) Business Days after a budget is delivered to Borrower by an Operating Lessee pursuant to the terms of an Operating Lease. The Annual Budget submitted for the calendar year in which a Trigger Event occurs, and for each calendar year thereafter during a Trigger Period, shall be subject to Lender's written approval, which approval shall not be unreasonably withheld (each such Annual Budget as approved by Lender, an "Approved Annual Budget"). In the event that Lender objects to a proposed Annual Budget submitted by Borrower or an Operating Lessee, Lender shall advise Borrower of such objections within thirty (30) days after receipt thereof (and deliver to such party a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, such Annual Budget and resubmit the same to Lender. Lender shall advise Borrower of any objections to such revised Annual Budget within ten (10) days after receipt thereof (and deliver to Borrower a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, the same in accordance with the process described in this subsection until the Lender approves the Annual Budget. Until such time that Lender approves a proposed Annual Budget, the most recently Approved Annual Budget shall apply; provided that, such Approved Annual Budget shall be adjusted to reflect actual increases in real estate taxes, insurance premiums and utilities expenses.

  • Operating Budgets (i) The Borrower shall prepare, or cause to be prepared, for each fiscal year of the Borrower and each Wholly Owned Opco an operating and capital expense budget setting forth the anticipated revenues, and Operating Expenses (including expenses for Non-Covered Services) of each such Relevant Party for such fiscal year. The initial operating budget for 2015 is attached as Exhibit L hereto. For each succeeding fiscal year (commencing with 2016), the Borrower shall, not later than forty-five (45) days prior to the end of the current fiscal year (commencing in 2015), submit such Operating Budget to the Administrative Agent for its approval (acting on the instructions of the Required Lenders); provided that the approval of the Administrative Agent shall be deemed to be given if (A) the Operating Expenses set forth in the Operating Budget do not exceed the greater of (x) 20% in the aggregate over the amount budgeted for such Operating Expenses of the Borrower and the Wholly Owned Opcos in the then-current Base Case Model for the applicable year and (y) $125,000 and (B) such Operating Budget is otherwise consistent with the then-current Base Case Model for the applicable year. (ii) The Borrower shall, and shall cause each Holdco to, deliver to the Administrative Agent (i) each Operating Budget submitted to the Tax Equity Members in respect of a Tax Equity Opco, at the same time as delivered to such Tax Equity Member but in no event later than as required under the applicable Limited Liability Company Agreement and (ii) when available, any amendments to such Operating Budget, together with all notices or correspondence regarding the approval of such Operating Budget (if applicable) by the Tax Equity Member; provided that the approval of the Administrative Agent (acting on the instructions of the Required Lenders) shall be required (such approval not to be unreasonably withheld or delayed but notwithstanding any permitted variances in any operating budgets approved by a Tax Equity Member) if (A) the aggregate Non-Covered Services included in such Operating Budgets collectively exceed the greater of (x) 20% in the aggregate over the amount budgeted for Operating Expenses in respect of the Tax Equity Opcos in the then-current Base Case Model for the applicable year and (y) $500,000 and (B) such Operating Budgets are otherwise consistent with the then-current Base Case Model for the applicable year.

  • Projected Operating Budget Furnish Lenders, no later than thirty (30) days after the beginning of Borrower's fiscal years commencing with fiscal year 2000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

  • Annual Operating Budget and Financial Projections Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 2005 through 2011 and a satisfactory written analysis of the business and prospects of the Borrowers and their Subsidiaries for the period from the Effective Date through the final maturity of the Term Loans.

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