Permitted Budget definition
Examples of Permitted Budget in a sentence
Subject to Clause 10.3 the Host Partner for the relevant Pooled Fund shall manage income and expenditure from a Pooled Fund within the Financial Contributions and shall ensure that the expenditure is limited to Permitted Budget.
Property Manager shall promptly advise Owner in writing of any Permitted Budget Overruns.
Use the proceeds of the Term Loans in accordance with the Budget (subject to Permitted Budget Variances) or for Specified Disbursements.
During the continuance of a Trigger Period, until such time that any Annual Budget has been approved by Lender, the then-current Approved Annual Budget with the Permitted Budget Variances therefrom shall apply for all purposes hereunder.
On the First Amendment Effective Date, the Borrower shall be permitted to withdraw from the Borrower DIP Facilities Blocked Account an aggregate amount equal to $10,000,000, which amount shall be for use in accordance with the Budget then in effect (subject to Permitted Budget Variances) or for Specified Disbursements.