Examples of Initial Approved Budget in a sentence
The Debtors represent that the Initial Approved Budget is reasonable under the facts and circumstances.
The initial Approved Budget was attached to the Interim Order as Exhibit B, and a revised Initial Approved Budget is attached hereto as Exhibit B (as revised, the “Initial Approved Budget”).
The Debtors believe that the Initial Approved Budget is achievable and will allow the Debtors to operate in the Chapter 11 Cases and pay postpetition obligations as they come due.
The Initial Approved Budget is an integral part of this Final Order and has been relied upon by the DIP Secured Parties to provide the DIP Facility and consent to this Final Order and by the Existing RBL Secured Parties to permit the use of the Cash Collateral and consent to this Final Order.
The Debtor shall use Cash Collateral to fund the operation of its business in accordance with the budget (the “Initial Approved Budget”) setting forth on a line-item basis the Debtor’s anticipated cumulative cash receipts and expenditures on a weekly basis and all necessary and required cumulative expenses which the Debtor expects to incur during each week of the Initial Approved Budget.