Approved Capital Budget definition

Approved Capital Budget has the meaning given that term in Section 9.4(h).

Approved Capital Budget. 6.3.5 “Approved Operating Budget” - 6.3.5 “Award” - 7.3.2

Approved Capital Budget shall have the meaning set forth in Section 4.4(b).

Examples of Approved Capital Budget in a sentence

• Property Manager agrees to use diligence and all reasonable efforts to ensure that the actual costs of maintaining and operating the Property shall not exceed the Approved Operating Budget or the Approved Capital Budget pertaining thereto, as applicable.

• The proposed budgets shall become the Approved Capital Budget and the Approved Operating Budget only when approved by Owner.

• Funds deposited into the FF&E Reserve shall be disbursed in accordance with the Approved Capital Budget.

• The Approved Operating Budget and the Approved Capital Budget shall be known collectively as the “Budget” for purposes hereof.

• If the cost of compliance is (i) not included in the Approved Operating Budget or Approved Capital Budget or (ii) in excess of $10,000, Property Manager shall notify Owner promptly and obtain Owner's prior written approval prior to making the expenditure.

More Definitions of Approved Capital Budget

Approved Capital Budget shall have the meaning set forth in Section 2.2.2.

Approved Capital Budget and “Approved Operating Budget” shall have the meanings set forth in the Property Management Agreement.

Approved Capital Budget means a Capital Budget that has been approved by Lender.

Approved Capital Budget means the budget estimate for capital project(s) and/or capital program(s) that has been adopted by Council and is the level at which Council approves funding and fund controls.

Approved Capital Budget means as described in Section 6.3.5.

Approved Capital Budget. 6.3.5 “Approved Operating Budget” - 6.3.5 “Award” - 7.3.2 “Bankruptcy Proceeding” - 4.7 “Borrower’s Recourse Liabilities” - 10.1 “Capital Reserve Subaccount” - 3.4 “Cash Collateral Subaccount” - 3.9 “Cash Management Accounts” - 3.10 “Casualty” - 7.2.1 “Casualty/Condemnation Prepayment” - 2.3.2 “Casualty/Condemnation Subaccount” - 3.7 “Clearing Account” - 3.1

Approved Capital Budget has the meaning set forth in Section 2.5(e).