Funding Budget Sample Clauses

Funding Budget. (for RECIPIENT reporting and Ecology tracking purposes): The source of funds provided by the DEPARTMENT are from the 0000-0000 Xxxxxxxxxx Xxxxx General Fund for Shoreline Implementation, §302; and the Local Toxics Control Account, §302, Subsection 7. Maximum Grant Amount, Fiscal Years 1 and 2 (7/1/09-6/30/11): $ 25,000 Maximum Grant Amount, Fiscal Year 3 (7/1/11 – 6/30/12) *: $15,000 Total Grant Amount: $40,000 State Cost Share Rate over all three years: 100% UP TO a maximum of $40,000 *Note: Year 3 funding is subject to legislative appropriation in Fiscal Year 2011- 2012 and will be made available via amendment to this agreement.
Sample 1
AutoNDA by SimpleDocs
Funding Budget. CSK shall provide to the Funding Companies a budget (a) on the date of this Agreement with respect to the period commencing on such date and ending on the last day of its current fiscal year and (b) at least sixty (60) days prior to the beginning of each fiscal year thereafter with respect to such fiscal year, in each case indicating a good faith forecast of the total amount of the Funding Commitment that it anticipates will be outstanding during the period covered by such budget (each an "Original Annual Budget"), which Original Annual Budget shall include a month by month breakdown of such total amount (for each month, the "Original Budgeted Facilities Outstanding"). At least fifteen (15) days prior to the first day of each and every month during the Funding Term, CSK shall provide to the Funding Companies a budget with respect to the immediately succeeding ninety (90) days (each a "Rolling Quarterly Budget"), in each case adjusting (if necessary) each Original Budgeted Facilities Outstanding during the period covered by such Rolling Quarterly Budget; provided that (i) CSK may only adjust the Original Budgeted Facilities Outstanding for the first and second months of such period, as the same first appeared in a Rolling Quarterly Budget (each a "Revised Budgeted Facilities Outstanding"), within a range (the "Range") from such Revised Budgeted Facilities Outstanding having as its upper limit (i) the lower of (A) one hundred twenty percent (120%) of such Revised Budgeted Facilities Outstanding and (B) $4,000,000 in excess of such Revised Budgeted Facilities Outstanding and having as its lower limit (ii) the higher of (A) eighty percent (80%) of such Revised Budgeted Facilities Outstanding and (B) $4,000,000 less than such Revised Budgeted Facilities Outstanding. In addition to such adjustments under the Quarterly Rolling Budgets, CSK may increase any Original Budgeted Facilities Outstanding or any Revised Budgeted Facility
Sample 1
Funding Budget. Define the monetary and financial reporting obligations, if any, of the University and other party(ies) in the agreement.
Sample 1
Funding Budget. The City and the District agree to share the costs of this pre-design scope in proportion to each entities’ population in the 2010 U.S. Census, as follows: City 10,540 (41%), District 14,933 (59%). These percentages may be altered only by mutual agreement of the parties. The budget for the pre-design phase shall not exceed $50,000 without written agreement of the parties.
Sample 1
Funding Budget. The source of funds provided by the DEPARTMENT are from the 2011-2013 and 2013-2015 the Local Toxics Control Account, §302, Subsection 7.* Maximum Grant Amount, Fiscal Year 1 and 2 (7/1/11-6/30/13): $ xxxxxxxx Maximum Grant Amount, Fiscal Years 3 (7/1/13– 6/30/14): $ xxxxxxxx Total: $ xxxxxxxx State Maximum Cost Share Rate over all three years: 100% UP TO a maximum of $ xxxxxxxx The effective date of this agreement is from July 1, 2011 to June 30, 2014.* *Year 3 funding is subject to legislative appropriation in the 2013-2015 Biennium.
Sample 1
Funding Budget 
Sample 1Sample 2Sample 3See All (9)

Related to Funding Budget

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and the Senior Facility Agent with a copy of such operating plan and budget (the “Operating Budget”). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Senior Facility Agent, acting reasonably and in consultation with the Independent Engineer; provided, that if the Senior Facility Agent shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided, further that the Senior Facility Agent shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget.

  • Approved Budget (a) Subject to subsection (b) and subsection (c) below, none of the Credit Parties shall pay any obligations or expenses (including, without limitation, bonus payments or other compensation to senior management personnel, but excluding legal fees and expenses) except to the extent expressly contemplated and permitted in the Current Period of the Approved Budget applicable at the time of such payment. On or before the Wednesday prior to the first Monday of each Fiscal Month of the Borrower, commencing with the Wednesday prior to the first Monday of October 2010, the Borrower shall deliver an updated budget (for the period of 13 weeks commencing with the first day of such Fiscal Month) (each, a “Proposed Budget”) to Agent. Each such Proposed Budget shall be accompanied by a variance report setting forth actual cash receipts and disbursements from the Petition Date through the last day of the preceding month and all variances, on an aggregate basis and, with respect to Specified Budget Line Items, on a line-item basis, for such period from the amounts set forth for the corresponding period in the preceding Approved Budgets (including explanations for each such material variance), certified by the Chief Restructuring Officer as being prepared in good faith and fairly presenting in all material respects the information set forth therein. Each Proposed Budget provided to Agent shall be of no force and effect unless and until it is approved in writing by the Requisite Lenders, and until such approval is given the prior Approved Budget shall remain in effect and no Credit Party may pay any obligations or expenses (excluding legal fees and expenses) other than as permitted (subject to subsection (b) below) in the Current Period of such prior Approved Budget. The Requisite Lenders shall approve or reject each Proposed Budget within four Business Days after delivery by the Borrower to Agent as set forth above, provided that any failure to approve a Proposed Budget shall constitute a rejection of such Proposed Budget. Any such Proposed Budget, upon the written approval of the Requisite Lenders shall become, as of the date of such approval and for the period of time covered thereby, the Approved Budget, and shall prospectively replace any prior Approved Budget.

  • Operating Budgets Manager has submitted to Owner, for Owner's approval, a proposed operating budget for the ensuing full or partial fiscal year, as the case may be ("Operating Budget"). Hereafter, Manager shall, not less than forty-five (45) days prior to the commencement of each full fiscal year, submit to Owner, for Owner's approval, a proposed Operating Budget for the ensuing full or partial fiscal year, as the case may be. Each 3 Operating Budget shall be accompanied by, and shall include, a business plan which shall describe business objectives and strategies for the period covered by the Operating Budget. The business plan shall include, without limitation, an analysis of the market area in which the Hotel competes, a comparison of the Hotel and its business with competitive hotels, an analysis of categories of potential guests, and a description of sales and marketing activities designed to achieve and implement identified objectives and strategies. Fee Owner shall have no right to approve any Operating Budget. Owner's approval of the Operating Budget shall not be unreasonably withheld and shall be deemed given unless a specific written objection thereto is delivered by Owner to Manager within fifteen (15) days after submission. Owner shall review the Operating Budget on a line-by-line basis. To be effective, any notice which disapproves a proposed Operating Budget must contain specific objections in reasonable detail to individual line items. If the initial Operating Budget contains disputed budget item(s), said item(s) shall be deemed adopted until Owner and Manager have resolved the item(s) objected to by Owner or the Accountant(s) (hereinafter defined in Section 10.02) have resolved the item(s) objected to by Owner. Thereafter, if Owner disapproves or raises objections to a proposed Operating Budget in the manner and within the time period provided therefor, and Owner and Manager are unable to resolve the disputed or objectionable matters submitted by Owner prior to the commencement of the applicable fiscal year, the undisputed portions of the proposed Operating Budget shall be deemed to be adopted and approved and the corresponding line item contained in the Operating Budget for the preceding fiscal year shall be adjusted as set forth herein and shall be substituted in lieu of the disputed items in the proposed Operating Budget. Those line items which are in dispute shall be determined by increasing the preceding fiscal year's corresponding line items by an amount determined by Manager which does not exceed the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor, U.S. City Average, all items (1984-1986=100) for the fiscal year prior to the fiscal year with respect to which the adjustment to the line item is being calculated or any successor or replacement index thereto. The resulting Operating Budget obtained in accordance with the preceding sentence shall be deemed to be the Operating Budget in effect until such time as Manager and Owner have resolved the items objected to by Owner. Manager shall revise the Operating Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant, additional, unanticipated items of income or expense. Any such revision shall be submitted to Owner for approval,

  • 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.

  • 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.

  • Capital Budget Any amendment that is mutually agreed upon shall be set forth in writing and signed by both parties. It is acknowledged by Owner that capital expenditures required as a result of an emergency situation shall not reduce amounts available pursuant to the Capital Budget or otherwise hereunder, other than to the extent a Capital Budget item is subsumed within the capital expenditures required as a result of the occurrence of the emergency;

  • Annual Budget Borrowers' Designee (on behalf of Borrowers) shall prepare and submit (or shall cause Manager to prepare and submit) to Lender within 30 days after a Cash Trap Period and by December 15th of each year thereafter during the Term until such Cash Trap Period has ended, for approval by Lender, which approval shall not be unreasonably withheld or delayed, a proposed pro forma budget for the Property for the succeeding calendar year (the "ANNUAL BUDGET", and each Annual Budget approved by Lender is referred to herein as the "APPROVED ANNUAL BUDGET")), and, promptly after preparation thereof, any revisions to such Annual Budget. The Annual Budget shall consist of (i) an operating expense budget showing, on a month-by-month basis, in reasonable detail, each line item of Borrowers' anticipated operating income and operating expenses (on a cash and accrual basis), including amounts required to establish, maintain and/or increase any monthly payments required hereunder (and once such Annual Budget has been approved by Lender, such operating expense budget shall be referred to herein as the "APPROVED OPERATING BUDGET"), and (ii) a Capital Expense budget showing, on a month-by-month basis, in reasonable detail, each line item of anticipated Capital Expenses (and once such Annual Budget has been approved by Lender, such Capital Expense budget shall be referred to herein as the "APPROVED CAPITAL BUDGET"). Until such time that any Annual Budget has been approved by Lender, the prior Approved Annual Budget shall apply for all purposes hereunder (with such adjustments as reasonably determined by Lender (including increases for any non-discretionary expenses)).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!