Budgeted Expenses definition

Budgeted Expenses means, as of any Fixed Rate Payer Payment Date, the Expenses which the Calculation Agent and the Swap Counterparty, after consultation with the Administrator, are informed as of the 4th Business Day preceding such Fixed Rate Payer Payment Date (or, in the case of the first Fixed Rate Payer Payment Date, on the Closing Date), will fall due to be paid by the Issuer on or prior to the next following Fixed Rate Payer Payment Date or which have become due and payable and have not been previously funded by the Swap Counterparty.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Budgeted Expenses means expenses permitted to be paid by the Credit Parties in accordance with the DIP Budget, subject to the Permitted Variances.

Budgeted Expenses means the aggregate of the (a) general and administrative expenses (including reasonable overhead expenses), (b) personnel and employees costs, (c) planned asset maintenance expenses, and (d) other major categories, in each case that are included in the Approved Budget; provided, that “Budgeted Expenses” does not include Non-Discretionary Capital expenses (and for purposes of clarity, costs and expenses contained in any Approved Budget that do not constitute Non-Discretionary Capital expenses shall constitute Budgeted Expenses).

Examples of Budgeted Expenses in a sentence

• In preparation for 2023 expenses, the SUBRECIPIENT must be up to date with all required reporting to the COUNTY and submit with the payment request the back-up for expense items to support proof of compliance: • Expense tracking and back-up for to 2022 budget lines to date • Updated budget (if applicable) Budgeted Expenses for 2023.

• Subrecipient Agreement is executed by the BoCC (March 1, 2022) Budgeted Expenses for 2022.

• For each fiscal year commencing with the fiscal year commencing January 1, 2021, the Budgeted Expenses to be made by the Company and any of its Subsidiaries for such fiscal year shall be set forth in a proposed line-item budget (a “Draft Budget”) which shall be adopted by the Board, acting with Super-Majority Board Approval (as adopted, an “Approved Budget”).

• The Annual Budget shall be itemized on a monthly cash flow basis and incorporate all proposed Budgeted Expenses, which shall include all anticipated costs and expenditures that Operator estimates will be incurred during the applicable Operating Year in connection with any capital expenditures and the operation and maintenance of the Project and the provision of the Commercial Operation Phase Services.

• Each Budget following the initial Budget shall not, without the prior consent of the Required Overadvance Banks, restate and amend the Budgeted Expenses for the weeks covered in prior Budgets, except to the extent necessary to incorporate actual variances in cash received.

More Definitions of Budgeted Expenses

Budgeted Expenses means the expenses of the property which is the subject of the Mortgage set forth in a written summary, in form and content acceptable to Lender (the "Budget"). The Budget shall, as a minimum, set forth a twelve month summary by month of reasonable and ordinary expenses of the property reasonably consistent with historical experience. Borrower has submitted to the Lender the initial Budget for calendar year 2001 and agrees to submit the Budget for calendar year 2002 no later than November 30, 2001.

Budgeted Expenses means those expenses described in the budget set forth in this Agreement, or any amendments thereto approved by USATF.

Budgeted Expenses means the aggregate of the (a) general and administrative expenses (including reasonable overhead expenses), (b) personnel and employees costs,

Budgeted Expenses have the respective meanings set out in Section 3.3;

Budgeted Expenses shall refer to line items contained on the Budget indicating categories of expenditures anticipated to be made by the Borrowers during the Budgeted Period.

Budgeted Expenses has the meaning set forth in Section 2(c).

Budgeted Expenses means for any period, the Operating Expenses for the Property to the extent set forth in an Approved Budget and actually incurred by Borrower minus payments into the Tax and Insurance Escrow Account and the Replacement Reserve Account. Budgeted Expenses shall not include any management fees payable to affiliates of Borrower.