Revised Budget. This Amendment No. 1 shall be effective as of the date last signed below.
Revised Budget. Each of the Purchasers shall have received a -------------- revised budget of the Company for each fiscal quarter of 1999 in form and substance reasonably satisfactory to such Purchasers.
Revised Budget. Each GAP Purchaser shall have received a -------------- revised budget of the Company for fiscal year 1999 in form and substance reasonably satisfactory to such Purchasers.
Revised Budget. In addition to the additional amounts Manager may expend pursuant to Section 6.2(d) above, Lessee and Manager acknowledge and agree that there may occur from time to time unpredicted significant changes, variables or events affecting the operation of a Hotel, including unanticipated changes in occupancy rates, market conditions, or additional unanticipated items of income or expense. In such event, Manager may request variance(s) from an Approved Budget, which are reasonable and necessary to continue to operate such Hotel in accordance with the Operational Standards. Lessee’s approval of such a request shall not be unreasonably withheld. Any such request by Manager shall be submitted to Lessee in writing with an explanation thereof and shall be accompanied by supporting information for the request. Lessee shall respond to any such request within 30 days of the receipt thereof. Notwithstanding the foregoing, in the event Lessee fails to respond within 30 days after submittal by Manager, then the request shall be deemed not approved.
Revised Budget. The Company will, at its sole cost and expense, furnish to TDF with each Request for Disbursement, a revised Budget, which shall indicate revisions made to the Budget, if any, from the copies thereof previously submitted to TDF. Such revised Budget shall be subject to the approval of TDF, which shall not be unreasonably denied if TDF is provided with evidence satisfactory to it as to the proposed source and availability of any additional funds required for any increase in the proposed Budget.
Revised Budget. The Company will, at its sole cost and expense, furnish to the Bank within 180 days after the date hereof and at least once in every calendar quarter thereafter until the Date of Substantial Completion, a revised construction budget which shall be in the form of the Budget an which shall indicate revisions made to date to the Budget, which revised budget shall be satisfactory to the Bank in the Bank's sole and absolute discretion.
Revised Budget. This Amendment shall be effective as of September 1, 2021.
Revised Budget. 13 5.8 Credit Agreement Amendment............................... 13 -i- Table of Contents -----------------
Revised Budget. 6.1 The Lawyers will use their best endeavours to ensure that the total actual costs and disbursements set out in the Budget are not exceeded. If at any time the Lawyers form a view that the Budget is no longer their best estimate of the costs and disbursements for the Project, they will advise the Co-Funders in writing, setting out why they have come to that view, and identify their revised best estimate of the costs and disbursements. Such revised estimate, if approved by the Co-Funders, would constitute a Revised Budget.
6.2 Notwithstanding the operation of Term 6.1 the Co-Funders and the Lawyers may agree, in writing, that a material change in the scope of the Proceedings has occurred. In such event, the Budget may be increased to reflect the reasonable estimated fees and disbursements of the Lawyers to accommodate the costs referable to that material change. The Lawyers will detail such estimated fees in an updated Budget which will be subject to the Co-Funders’ consent, such consent not to be unreasonably withheld.
6.3 If the Co-Funders are unable to reach a unanimous decision on a revision of the Budget, the decision shall be referred for resolution in accordance with the Resolution Procedure.
Revised Budget. Agents shall have received revised weekly consolidated cash flow projections for the period commencing with the week including December 24, 2004 and ending with the week including January 14, 2005, setting forth on a line-item basis weekly anticipated cash receipts and disbursements during such period together with weekly projected utilization of Revolving Loans and Revolving Letters of Credit, such projections to be in form and substance satisfactory to Agents.
