Flex Budget definition

Flex Budget has the meaning set forth in Section 4.4.1.
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Flex Budget means the amount specified in Section 3.01(A)(3) hereof, that can be applied to design and construction of the R&D Building and associated site work, acquisition and installation of Tools or Other Project Cost.
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Flex Budget has the meaning set forth in Schedule 8.4.1.
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Examples of Flex Budget in a sentence

  • C&S covenants and agrees that it shall use commercially reasonable efforts to identify all necessary and desirable maintenance and repair requirements outlined in this clause (e) to Tops and to reflect the same in the applicable Approved Budget or Flex Budget, as the case may be.

  • The Parties will then update and/or adjust the fuel cost from such Approved Budget as necessary pursuant to the Flex Budget process.

  • For clarification, each Approved Budget, once determined, shall supersede and replace in its entirety the immediately preceding Approved Budget or Flex Budget until the next Approved Budget or Flex Budget, as the case may be.

  • For clarification, during any Contract Year, each Flex Budget shall supersede and replace in its entirety the immediately preceding Approved Budget or Flex Budget, until the next Approved Budget or the Flex Budget, as the case may be.

  • The Executive must submit receipts for reimbursement in order to use the Flex Budget.

  • C&S covenants and agrees that it shall use commercially reasonable efforts to identify for Tops all necessary and desirable steps and measures to permit C&S to comply with its obligations under this Agreement and to reflect the same in the applicable Approved Budget or Flex Budget.

  • C&S shall not purchase, lease, license or otherwise acquire any new Fixed Assets, or change the financing terms of any current Fixed Asset financing arrangements, which would give rise to or increase Costs in any Fiscal Accounting Period in excess of what is set forth in an Approved Budget or Flex Budget without first obtaining the written consent of Tops, which consent shall not be unreasonably withheld, delayed or conditioned.

  • C&S acknowledges and agrees that it will be responsible for the management of any such contract carriers in connection with the performance of the Transportation Services, and the costs related thereto will be incorporated into the Approved Budget and/or any Flex Budget as applicable.

  • Within twenty (20) days of the end of each Fiscal Accounting Period, C&S shall provide to Tops a detailed report (the “Monthly P&L”) containing a comparison of variances between (i) Costs actually incurred by C&S in performing the Services (the “Actual Costs”) and (ii) Costs set forth in the Approved Budget for the applicable Contract Year or the Flex Budget for the immediately preceding period, if applicable.

  • Consistent with this Article 4, in all instances the amount of Actual Costs will supersede the amount of Costs set forth in any Approved Budget and/or Flex Budget.

Related to Flex Budget

  • CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Discretionary Capital Expenditures.

  • Approved Budget means an annual budget-

  • DIP Budget means a 13-week cash flow budget detailing the Credit Parties’ anticipated cash receipts and expenditures (including capital expenditures, debt service, adequate protection payments, professional fees and expenses), as amended, supplemented, or replaced from time to time in accordance with this Agreement and the DIP Order, which budget (and any amendments thereto or replacements thereof) shall be in form and substance acceptable to the Administrative Agent. The DIP Budget in effect as of the Effective Date is attached as Exhibit F hereto.

  • 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.

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