Approved Initial Budget definition

Approved Initial Budget has the meaning set forth in Section 4.3.2.
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Approved Initial Budget means budget prepared by the Borrowers in the form of Exhibit D and which is approved by, and in form and substance satisfactory to the Agent in its sole and absolute discretion.
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Approved Initial Budget. 6.8.3 “Automatic Sweep Instructions” – 6.
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Examples of Approved Initial Budget in a sentence

  • If during any Trigger Period, Borrower has submitted an Annual Budget and such Annual Budget has not been approved prior to the commencement of the calendar year to which such budget relates then the previous Approved Annual Budget shall continue to be deemed to be the Approved Annual Budget for that calendar year, except that the line item for Capital Expenditures shall not exceed the Capital Expenditures set forth in the Approved Initial Budget.

  • Other than in the case of the Manager (but solely in its capacity as Managing Member), the status of Member shall be conferred upon acquisition of ownership of Units and shall cease if no Units are owned.

  • The initial Budget for the Company attached hereto as Exhibit E has been approved by the Members (the "Approved Initial Budget").