Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.
Annual Budget means the budget approved by the municipal council for any particular financial year, and shall include any adjustments to such budget.
Annual Budget means the operating and capital budget for the Properties in the aggregate setting forth, on a month-by-month basis, in reasonable detail, each line item of Borrower’s good faith estimate of anticipated Rents and other recurring income, Operating Expenses and Capital Expenditures for the applicable Fiscal Year.
Examples of Annual Budget in a sentence
If the Parties cannot agree on Annual Budget by June 1, 2023, either Party may elect to terminate this Agreement.
EN shall prepare and submit an Annual Budget by December 1st of each year, covering the following Fiscal Year (July 1st through June 30) during the Term.
Cost Fees and the three-month Cash Deposit will be based on the Annual Budget.
The Annual Maintenance Schedule shall be consistent with the Annual Budget.
When preparing the Annual Budget, EN shall utilize cost estimates in the Capital Improvement Plan, updated for inflation and other factors if warranted.
More Definitions of Annual Budget
Annual Budget has the meaning set forth in Section 6.2.
Annual Budget means the budget for operating expenses and capital expenditures of the Company for any Fiscal Year prepared in accordance with the Budget Protocol.
Annual Budget shall have the meaning set forth in Section 4.12(a)(v).
Annual Budget means an operating and capital budget prepared by Lessee and delivered to Lessor in accordance with Section 4.1.
Annual Budget. As used in this Lease, the term “Annual Budget” shall mean an operating and capital budget prepared by Lessee and delivered to Lessor in accordance with Section 4.1.
Annual Budget means the operating budget for the applicable fiscal year of Mortgage Borrower detailing on a monthly basis, consistent with the manner in which Mortgage Borrower’s operating statements are presented, projected cash flow for such fiscal year and all planned capital expenditures for each Individual Property, delivered in accordance with the Mortgage Loan Agreement.
Annual Budget. As defined in the Mortgage Loan Agreement.