Operating Expense Budget definition

Operating Expense Budget means the operating expense forecast as further described in Section 5D. of this Agreement.

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Operating Expense Budget shall have the meaning set forth in Section 5.2(c) hereof. “Operating Fee” shall have the meaning set forth in Section 3.2 hereof.

Operating Expense Budget. The Operating Expense Budget shall identify for the following calendar year the expected Operating Expenses including Direct Costs, Management Fee, and Major Maintenance.

Examples of Operating Expense Budget in a sentence

The retroactive billing will reflect the additional amount payable by the Tenant for Tenant’s Share of the new Operating Expense Budget for the calendar year to date.
The “Monthly Operating Expense Budgeted Amount” for each Monthly Payment Date shall mean the monthly amount set forth in the Approved Quarterly Operating Expense Budget for Operating Expenses for the calendar month in which such Monthly Payment Date occurs.
For example, assume an annual existing Operating Expense Budget of $144,000 for a tenant with a share of 50% and where such tenant was initially making $6,000 a month of estimated payments.
At least ninety (90) days prior to the start of each fiscal year, Provider shall prepare and submit to the Board for its review and approval a proposed Operating Expense Budget and a proposed Capital Expenditure Budget for the Veterans Cemetery.
The Operating Expense Budget shall identify for the following calendar year the expected Operating Expenses including Direct Costs, Management Fee, and Major Maintenance items.
If Tenant does not either approve or object within such time period, Landlord shall give Tenant a second written notice and if Tenant does not respond within ten (10) days thereafter, the proposed Operating Expense Budget shall be deemed approved.
To compensate Landlord for costs associated with managing and monitoring this Agreement, Tenant shall pay Landlord the amount set forth as the Operating Expense Budget in the last year that the Commission was in possession of the Premises (“State Expense Budget”).
The Company Business Plan in effect as of the date hereof (the “Initial Company Business Plan”) is attached as Exhibit D hereto, and the 2015 Annual Consolidated Fixed Operating Expense Budget and the 2015 Annual Consolidated Maintenance Capex Budget are attached as Exhibits E and F hereto, respectively.
A proposed 2015 Operating Expense Budget is attached hereto as Exhibit “P”.
Changes shall be incorporated and reflected in the Operating Expense Budget as set forth in Section 6.1.

More Definitions of Operating Expense Budget

Operating Expense Budget means the estimated Operating Expenses for the Base Year prepared by Landlord and attached hereto as EXHIBIT G. Tenant acknowledges that the Operating Expense Budget is merely an estimate and that actual Operating Expenses may exceed or be less than the Operating Expense Budget for the Base Year.

Operating Expense Budget means the budget of Operating Expenses for an Airport Fiscal Year adopted in conjunction with the Airport Operating Budget, all as provided in subdivision (13) of subsection (i) of this section.

Operating Expense Budget means lease operating expenses as set forth in the Initial Engineering Report or such other lease operating expenses as agreed to in writing by Required Lenders after the Closing Date.

Operating Expense Budget means the annual operating expense budget, in a form substantially similar to the form attached hereto as Exhibit D, approved by GREC prior to each full calendar year during the Operational Period.