Clarity Budget definition

Clarity Budget means an amount of $600,000 to be made available by the Buyer (promptly upon request of the Owners, subject to the Buyer’s internal policies and procedures) for the retention and expansion of the Business during the period between the Closing Date and the Measurement Date for capital expenditures determined to be appropriate by the Owners in their reasonable, good faith business judgment, which amount shall be in addition to any capital provided by the Buyer to the Business for (a) core maintenance and repairs, (b) expansion, improvement or connectivity undertaken by or at the request of the Buyer or (c) opportunity- specific expenditures that are approved by the Buyer’s deals desk.
View Source

Related to Clarity Budget

  • Approved Budget means an annual budget-

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

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

  • 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.

  • Research Budget has the meaning set forth in Section 3.2.