Ensuing budget period means the budget period following the current budget period.
Ensuing budget period means the budget period follo wing the current budget pe- riod.
Budget Period means the fiscal period for which a budget is prepared.
Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;
CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Leased Property, or non-recurring expenditures made to enhance the Operating Revenues of a Property.
Operating Budget has the meaning given in Section 3.11(a).
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.
Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.
Annual Operating Budget has the meaning set forth in Section 4.11.
Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.
Annual Work Plan and Budget means the work plan and budget prepared annually by the Recipient in accordance with the provisions of Section I.C. of Schedule 2 to this Agreement.
Business Plan means the information required to be supplied to the
Approved Budget means an annual budget-
Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.
Eligible Expenditure means expenditure in relation to this Project that complies in all respects with the Eligibility Rules.
Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and
Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 8.1;
Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.
Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.