Approved Budget Update definition

Approved Budget Update has the meaning specified in the First Lien Credit Agreement.
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Approved Budget Update means an update to the Approved Budget then in effect pursuant to Section 6.02(b) for the 13-week period commencing as of the Saturday of such week, which (i) shall be in form and substance reasonably satisfactory to Agent, (ii) shall roll forward the most recent Approved Budget, which may re-forecast any prospective periods (it being understood that historical periods shall not be re-forecasted for purposes of the applicable Approved Budget Variance Report) (such forecasting to be prepared in good faith upon assumptions believed by the Lead Borrowers to be reasonable in light of circumstances and (iii) shall not be effective until approved by the Administrative Agent in its discretion.
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Approved Budget Update has the meaning given to it in Clause 7.3(C);
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Examples of Approved Budget Update in a sentence

  • On and after the Ninth Amendment Effective Date, each reference in the Amended Credit Agreement to the “Approved Budget” shall initially mean and be a reference to the cash flow forecast attached hereto as Annex I and thereafter shall mean, as of any date of determination, the most recently delivered Approved Budget Update.

  • The remainder of the Budget Highlights section provides budgetary information for the Approved 2004 Budget Update for the Operating, Capital, and Consolidated Plan Budgets.ALL FUNDS BUDGET Table I: 2004 All Funds Approved Budget Update Note: The Consolidated Plan Budget includes $3,473,460 in operating expenses that is reflected in the All-Funds Operating Budget schedules on pages 61 and 62 of this document.

  • This will be examined as part of the 2019/20 budget setting process to identify if the savings can be delivered on an ongoing basis.

  • I-92013 Approved Budget Update ...........................................

  • On and after the Tenth Amendment Effective Date, each reference in the Amended Credit Agreement to the “Approved Budget” shall initially mean and be a reference to the cash flow forecast attached hereto as Annex I and thereafter shall mean, as of any date of determination, the most recently delivered Approved Budget Update.

  • XXXXX shall, as soon as reasonably practicable after (and, in any event, within 15 Business Days of) notifying Electrabel of an Approved Budget Update, pay to Electrabel an amount equal to 89.81 per cent.

  • IntroductionIntroductionIntroduction The City of Cincinnati's 2012 Approved Budget Update document is designed to help the residents of Cin- cinnati and the general public to better understand both the City's budget process and its end product, the City's Approved Budget.

  • A - List of 2010 Approved General Capital and Restricted Fund Capital Projects B - List of 2010 Approved Consolidated Plan Projects by Category and Program C - List of 2010 Approved Consolidated Plan Projects by Department THIS PAGE INTENTIONALLY LEFT BLANKIntroduction The City of Cincinnati’s 2010 Approved Budget Update document is designed to help the residents of Cincinnati and the general public to better understand both the City’s budget process and its end product, the City’s Approved Budget.

  • If we determine that the request warrants a fee, We will tell you why we made that decision and provide you with a cost estimate before completing your request.

  • On and after the Eleventh Amendment Effective Date, each reference in the Amended Credit Agreement to the “Approved Budget” shall initially mean and be a reference to the cash flow forecast attached hereto as Annex I and thereafter shall mean, as of any date of determination, the most recently delivered Approved Budget Update.


More Definitions of Approved Budget Update

Approved Budget Update means an update to the Approved Budget then in effect delivered pursuant to Section 6.02(b) for the 13-week period commencing as of the last Saturday of the immediately preceding month, which shall be in form and substance reasonably satisfactory to Agent.
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Approved Budget Update means an update to the Approved Budget then in effect pursuant to Section 6.02(b) for the 13-week period commencing as of the Saturday of such week, 11238955v2211516251 which (i) shall be in form and substance reasonably satisfactory to Agent, (ii) shall roll forward the most recent Approved Budget, which may re-forecast any prospective periods (it being understood that historical periods shall not be re-forecasted for purposes of the applicable Approved Budget Variance Report) (only add projections for the last week of the 13-week period covered thereby and shall not modify any prior periods (such forecasting to be prepared in good faith upon assumptions believed by the Lead Borrowers to be reasonable in light of circumstances), and (iii) shall not be effective until approved by the Administrative Agent in its discretion.
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Approved Budget Update has the meaning specified in Section 5.01(l).
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Related to Approved Budget Update

  • Approved Budget means an annual budget-

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • 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.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Capital Budget has the meaning given in Section 3.11(a).

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Development Budget has the meaning set forth in Section 3.1.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Business Plan means the information required to be supplied to the

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

  • Research Budget has the meaning set forth in Section 2.2.

  • DIP Budget means a projected statement of sources and uses of cash for the Borrower and the Guarantors on a weekly basis for the following 13 calendar weeks. As used herein, “DIP Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

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

  • Operating Budget has the meaning given in Section 3.11(a).

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Project area budget means a multiyear projection of annual or cumulative

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • NCZ Examined Project means any Generator or UDR project that is not exempt pursuant to 23.4.5.7.8 and either (i) is in a Class Year on the date the Commission accepts the first ICAP Demand Curve to apply to a Mitigated Capacity Zone or (ii) meets the criteria specified in 23.4.5.7.3(II). An NCZ Examined Project may be at any phase of development or in operation or an Installed Capacity Supplier.For purposes of Section 23.4.5 of this Attachment H, “Net CONE” shall mean the localized levelized embedded costs of a peaking unit in a Mitigated Capacity Zone, net of the likely projected annual Energy and Ancillary Services revenues of such unit, as determined in connection with establishing the Demand Curve for a Mitigated Capacity Zone pursuant to Section 5.14.1.2 of the Services Tariff, or as escalated as specified in Section 23.4.5.7 of Attachment H.