Approved Operating Budget shall have the meanings described in Section 2.02(b).
Approved Operating Budget means the Operating Budget as approved by the Owner, as such Operating Budget may be modified in writing in accordance with the terms of this Agreement.
Approved Operating Budget shall have the meanings set forth in the Property Management Agreement.
Examples of Approved Operating Budget in a sentence
FY20 Approved Operating Budget and contingent upon Board approval of FY21 and FY22 Operating Budgets.
FY19 Approved Operating Budget and contingent upon Board approval of FY20 Operating Budget.
FY18 Approved Operating Budget and contingent upon Board approval of FY19 and FY20 Operating Budgets.
FY17 Approved Operating Budget and contingent upon Board approval of FY18 Operating Budget.
FY19 Approved Operating Budget and contingent upon Board approval of FY20 and FY21 Operating Budgets.
More Definitions of Approved Operating Budget
Approved Operating Budget shall have the meaning set forth in Section 6.01 of this Agreement.
Approved Operating Budget means, for any period, each Borrower's Operating Budget as approved or deemed approved by Lender from time to time in accordance with Section 5.1(D) of the Loan Agreement, setting forth such Borrower's reasonable estimate of Operating Revenues and Operating Expenses for the applicable Property for such period.
Approved Operating Budget has the meaning set forth in Section 2.5(e).
Approved Operating Budget means as described in Section 6.3.5.
Approved Operating Budget has the meaning set forth in Section 7.5(b).
Approved Operating Budget means the Operating Budget included in the applicable Approved Resort Operating Plan and approved by Owner with respect to the Resort, in accordance with SECTION 4, as modified from time to time with Owner’s approval in accordance with this Agreement. Such Operating Budget shall also be subject to Mortgagee’s approval in accordance with the Loan Agreement.
Approved Operating Budget shall have the meaning given to such term in Section 9.3(a).