Initial Budgets. Budgets developed by the Members for Fiscal Years 2017-2018 and 2018-2019 are set forth in Exhibit F to the JPA, which is attached and hereby incorporated into this AGREEMENT. Budgets may be adjusted by approval of the Authority Board, subject to the procedures provided in the JPA and Article 2.1.3 of this AGREEMENT.
Initial Budgets. Attached hereto as Exhibit A is the initial Capital Budget for the remainder of 2009 (“Initial Capital Budget”); and attached hereto as Exhibit B is the initial Operating Budget for the remainder
Initial Budgets. 33 (3) Direct Cost Budget Preparation ...................... 33 (4) Third Party Costs Budget Preparation ................ 34 (5) Rate Recommendations and Budget Review .............. 34 (6) Five-Year Planning Budget ........................... 34 (7)
Initial Budgets. The Manager shall propose and the Authority shall review, amend as appropriate and approve the Annual T&D Budget and the Five-Year Planning Budget for the first Contract Year prior to the Closing Date. Such initial Annual T&D Budget and Five-Year Planning Budget shall reflect an agreed-upon estimate of adjustments in T&D System costs attributable to productivity improvements to be undertaken by the Manager and in accordance with the Acquisition Agreement, estimated synergy savings from the combination of Long island Lighting Company and The Brooklyn Union Gas Company pursuant to the BUGLILCO Agreement.
Initial Budgets. The Initial Budget relating to the Ettrick Project, showing a projected Project Cost not in excess of four hundred and fifty million Dollars ($450,000,000).
Initial Budgets. As soon as practicable following the Effective Date, ManagementCo shall prepare and submit to Administrator the proposed Initial Budgets; provided that for purposes of the Generation Budget, ManagementCo shall only be required to submit (if received by ManagementCo) the Generation Budget as prepared by Owner and delivered to ManagementCo by Owner. ManagementCo shall have a reasonable time to review such Generation Budget prior to completing and submitting the balance of the Initial Budgets to Administrator hereunder. Within thirty (30) days following its receipt of such proposed Initial Budgets, Administrator, acting reasonably, shall provide ManagementCo comments on the appropriateness of the proposed Initial Budgets and recommend any changes or modifications it believes are necessary or appropriate. If Administrator does not respond within such thirty (30) day period, Administrator shall be deemed to have no objection to such proposed Initial Budgets being submitted by ManagementCo to PREB. The Parties agree that, within thirty (30) days following receipt of Administrator’s comments, if any, or the end of Administrator’s review period described in the immediately preceding sentence, if Administrator has no comments, Operator shall submit for PREB’s review the revised Initial Budgets, incorporating or rejecting any of the modifications or changes suggested by Administrator, together with an explanation of any of Administrator’s comments, as ManagementCo shall reasonably deem appropriate in its sole discretion. PREB shall review, and approve, deny or propose modifications to, such proposed Initial Budgets in accordance with Applicable Law. ManagementCo shall be required to respond promptly to any changes or modifications from PREB to the proposed Initial Budgets and submit any updates to the proposed Initial Budgets to PREB for its approval. If PREB does not respond within ninety (90) days after receipt of the proposed Initial Budgets or any update thereto, ManagementCo may proceed for purposes of this Agreement as if PREB had approved such proposed Initial Budgets.
Initial Budgets. Provider will prepare in good faith operating budgets for the Initial Term and Presumptive Term reflecting in detail, reasonably acceptable to County, the anticipated revenues and expenses for the Initial Term and Presumptive Term, as well as the sources and uses of capital for growth in the Center and the Center expenses. Such Initial Budgets shall address and track financial and accounting issues regarding the Center in a manner that the County determines is reasonably necessary or appropriate. The budgets shall be prepared to reflect the County as the payor of last resort for the Services, Facility, Center, and any other costs associated with operation of the Center.
Initial Budgets. Not later than thirty (30) days after the Effective Date, the Borrower shall deliver to the Administrative Agent for its review and approval (a) an FF&E budget for the Property for 2011 and (b) an operating budget for the Property for 2011, each of which shall be subject to Administrative Agent’s review and approval.
Initial Budgets. The initial Budget for the Company attached hereto as Exhibit E has been approved by the Members (the "Approved Initial Budget").
Initial Budgets. The Initial Business Plan includes an [***] budget (the “[***] Budget”) in accordance with which the Joint Venture Company’s and each of its Subsidiaries’ operating and capital expenditures relating to matters not covered by a [***] Budget shall be made during the Initial Period and the Capital Contributions that will be needed from the Members during each Fiscal Quarter of the Initial Period to fund the [***] Budget. Such operating and capital expenditures will be funded by the Members’ Initial Capital Contributions and by [***] Capital Contributions, which [***] Capital Contributions shall not, in the aggregate, exceed the Maximum Incremental Capital Amount. The Initial Business Plan also includes a budget (the “[***] Budget”) in accordance with which the Joint Venture Company’s and each of its Subsidiaries’ operating and capital expenditures for a [***] shall be made during the Initial Period and the Capital Contributions that will be needed from the Members during each Fiscal Quarter of the Initial Period to fund [***] Budget; provided, however, that if there is no [***] Budget in the Initial Business Plan, then the [***] Budget shall be deemed to be zero.
