Annual Budgets definition

Annual Budgets. As used in this Lease, the term "Annual Budgets" shall mean the Operating Budget and Capital Budget prepared, delivered and approved in accordance with Section 3.6.

Annual Budgets is defined in Section 6.16(a).

Annual Budgets the then current Annual Cap Ex Budget or Annual Operating Budget or both, as applicable. Annual Cap Ex Budget: the capital expenditures budget of the Company for a given Fiscal Year, each of which will be consistent with the Four Year Plan applicable for the given Fiscal Year and will be in the form of, and contain the same scope of information included in, the First Year Cap Ex Budget.

Examples of Annual Budgets in a sentence

• Annual Budgets and/or updates thereof submitted to Lender in accordance herewith and, if Lender approval is then required hereunder, approved or deemed approved by Lender in accordance with Section 4.9.5(b) hereof, shall hereinafter be referred to as an “Approved Annual Budget”.

• Prior to making any expenditures not reflected in any current Approved Annual Budget in excess of ten percent (10%) of the budgeted amount therefor, the Borrower shall propose an amendment to such Approved Annual Budget to the Administrative Agent for its approval in accordance with the standards for the granting or withholding of consent to Annual Budgets set forth in Section 8.16(a).

• All of the foregoing obligations shall be undertaken in accordance with the Annual Budgets and applicable law and regulations.

• Annual Budgets OCDC is required to provide to the New York State authorities budget office an annual budget on operations and capital construction setting forth the estimated receipts and expenditures for the next fiscal year and the current fiscal year.

• Subsequent Annual Budgets shall be prepared by the Managers for approval by the Owners at least two (2) months before each Review Date.

More Definitions of Annual Budgets

Annual Budgets means, with respect to a fiscal year, the budgets of the Agency prepared in accordance with Section 2.6 of this Agreement.

Annual Budgets means the proposed operating and capital budgets of the Resort which shall have been prepared and submitted by the Resort Manager to the Partnership for its approval in respect of each fiscal year of the Partnership pursuant to the terms of the Management Agreement.

Annual Budgets has the meaning set forth in Section 8.4(a).

Annual Budgets shall have the meaning ascribed to this phrase pursuant to Section 3.1; “approved by the Owner” or “approval of the Owner” means approved in writing by the Owner;

Annual Budgets and upon request of Agent, “Regulatory Reports with respect to each Facility” as set forth on Exhibit D of the Master Lease and required to be delivered to Borrowers and such other material reports and information reasonably requested by the Agent;

Annual Budgets as soon as practicable and in any event no later than 30 days after the Board of Directors of Company has given its approval, the annual budget for each succeeding Fiscal Year of Company and its Subsidiaries and setting forth forecasted sales, operating profit, cash flows, capital expenditures and depreciation on a Division by Division basis;

Annual Budgets means the budgets in respect of the combined operations of the Corporation and the Trust prepared for each fiscal year of the Corporation and the Trust in respect of all revenues, cash flows, General and Administrative Costs, other expenses and production and capital expenditures and includes any revision thereof;