Annual Operating Budget definition

Annual Operating Budget as defined in Section 6.2(c).

Annual Operating Budget has the meaning set forth in Section 4.11.

Annual Operating Budget shall have the meaning as set forth in Section 10.01.

Examples of Annual Operating Budget in a sentence

• The Lessee shall cause funds to be deposited in one or more operating accounts established by Manager, in amounts sufficient to operate the Premises in accordance with the Annual Operating Budget, including the establishment and maintenance of positive Working Capital and Inventories as reasonably determined by Manager.

• Manager shall fix the employees’ terms of compensation and establish and maintain all policies relating to employment, so long as they are reasonable and in accordance with the Applicable Standards and the Annual Operating Budget.

• The Annual Operating Budget shall not be deemed accepted by Lessee in the absence of its express written approval.

• The costs, fees, compensation and other expenses of any persons engaged by Manager to perform duties of a special nature, directly related to the operation of the Premises, including, but not limited to, in-house or outside counsel, accountants, bookkeepers, auditors, employment search firms, marketing and sales firms, and similar firms of personnel, shall be operating expenses, payable from and consistent with the Annual Operating Budget and not the responsibility of the Manager.

• Lessee shall provide the funds necessary to supply the Premises initially with Fixed Asset Supplies as reasonably determined by Manager consistent with the cost budgeted therefor in the Annual Operating Budget and otherwise consistent with the intent of the parties that the level of such supplies will be adequate for the proper and efficient operation of the Premises at the Applicable Standards.

More Definitions of Annual Operating Budget

Annual Operating Budget shall have the meaning assigned to such term in Section 5.09(b).

Annual Operating Budget means the annual operating budget for Borrower and its Subsidiaries in substantially the form of, and containing substantially the same or similar information as set forth in, the Annual Operating Budget (Business Plan) for Borrower and its Subsidiaries included in the Confidential Information Memorandum dated April 1998 delivered to the Syndication Parties prior to the Closing Date.

Annual Operating Budget means the annual operating budget of the Company for each Fiscal Year. Annual Operating Budgets shall be developed by the Officers and will be subject to the approval of the Board of Directors.

Annual Operating Budget has the meaning as set forth in Section 8.01(c)(i).

Annual Operating Budget has the meaning given in Section 5.14.3 of the Credit Agreement.

Annual Operating Budget shall have the meaning as set forth in Section 3.7.

Annual Operating Budget is defined in Section 7.01.