Proposed Annual Budget definition

Proposed Annual Budget shall have the meaning set forth in Section 13.7.
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Proposed Annual Budget means the proposed annual budget for all anticipated costs for owning, developing, operating, leasing, managing, financing, maintaining and repairing the Property and any other Company Assets, as well as revenue projections for rents, reimbursements for operating expenses and parking revenues, and otherwise with respect to the Company and each Subsidiary.
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Proposed Annual Budget for the next succeeding calendar year. The Proposed Annual Budget shall include, in reasonable detail: (a) the scope of maintenance and ordinary repair work; (b) proposed capital improvements; (c) the standards, expressed as both performance specifications and the frequency, extent and quality of services for maintenance and ordinary repairs, such standards to be not less than the level to which similar repair and maintenance is performed by Lessor elsewhere on the Property; and (d) the cost budget, including, but not limited to, Actual Fully Loaded Cost of labor, materials, goods, products, supplies and services, equipment, third-party contracted work, supervision and other line items as would typically be included in a maintenance and ordinary repair cost budget, including contingency of all other items of Pass Through Costs. Lessor agrees that for each Proposed Annual Budget the cost budget and all elements thereof shall be fair and reasonable and prepared in good faith. Budgeted capital improvements in excess of $50,000 will upon expenditure by a Party, and for purposes of Pass Through Costs billing, be generally amortized over the useful life of the improvements (not to exceed 10 years) at prevailing market interest rates.
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Examples of Proposed Annual Budget in a sentence

  • The Proposed Annual Budget, once approved by Owner, shall be referred to as the "Annual Budget".

  • Owner shall specify, in writing, the basis for any rejected item in the Proposed Annual Budget.

  • Xxxxxx shall, within ten (10) days after receipt of an initial Proposed Annual Budget, either (a) approve the Proposed Annual Budget, which approval shall not be unreasonably withheld, delayed or conditioned; or (b) advise the Managing Member in writing of Xxxxxx’x specific objections thereto.

  • Each Member acknowledges that the Proposed Annual Budget is intended to set forth objectives and goals based on the Managing Member’s reasonable judgment of the facts and circumstances known by the Managing Member at the time of preparation.

  • The Proposed Annual Budget, once approved by Xxxxxx pursuant to subclause (b) below, or modified as provided in subclause (b) below, shall be referred to herein as the “Approved Budget”.

  • Council has also transferred an amount of $435,000 (equivalent to additional rates to be raised, compared to the Proposed Annual Budget 2021-22) to the waste reserve, which will reduce the reserves deficit and future waste charges.

  • In addition, at any time after an Approved Budget has been approved by Xxxxxx, the Managing Member shall have the right to submit a revised or amended Proposed Annual Budget in writing to Xxxxxx for approval (subject to the same reasonableness standard above if applicable), and if Xxxxxx has objections to such revisions or amendments, Xxxxxx shall advise the Managing Member in writing of Xxxxxx’x specific objections within ten (10) days after receipt thereof.

  • Xxxxxx’x failure to respond to any submission within the aforementioned time periods shall be deemed approval of the submitted Proposed Annual Budget or revisions or amendment to an Approved Budget.

  • In the event of a dispute over the adoption of a Proposed Annual Budget or any portion thereof, any portion of the Proposed Annual Budget not disputed shall be deemed approved and shall be operative at such time.

  • Adoption of the Manager’s Proposed Annual Budget for Fiscal Year 2022-23▪ Description: The Manager’s Recommended Budget has been reviewed and amended via a series of input sessions, including one Special Session of the Board at the April 7, 2022 Budget Retreat and two Public Hearings on the proposed budget on April 25, 2022 and May 9, 2022, respectively.


More Definitions of Proposed Annual Budget

Proposed Annual Budget shall have the meaning set forth in Section 4.3(a) hereof.
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Proposed Annual Budget means, for each Fiscal Year from and after Fiscal Year 2017, each proposed budget of the Project for the ensuing Fiscal Year submitted by the General Partner to the other Partners pursuant to Section 6.4. 4 To be confirmed at signing.
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Proposed Annual Budget has the meaning set forth in Section 4.1. “Purchasing Fee” has the meaning set forth in Section 3.8.
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Proposed Annual Budget means aproposed annual budget referred to in section 112. "prospective resident" of a retirement village means a person who indicates (or on whose behalf it is indicated) to the operator of the village that he or she is (or might be) interested in becoming a resident of the village. "proxy" of a resident of a retirement village means a person appointed by the resident for the purpose of voting on the resident's behalf at meetings of residents. "recurrent charge" means any amount (including rent) payable under a village contract, on a recurrent basis, by a resident of a retirement village.
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Related to Proposed Annual Budget

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • 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.

  • Approved Budget means an annual budget-

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Capital Budget has the meaning given in Section 3.11(a).

  • 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.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole 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 Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Annual Operating Budget as defined in Section 6.2(c).

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Research Budget has the meaning set forth in Section 2.2.

  • Business Plan means the information required to be supplied to the

  • Project area budget means a multiyear projection of annual or cumulative

  • DIP Budget means a projected statement of sources and uses of cash for the Borrower and the Guarantors on a weekly basis for the following 13 calendar weeks. As used herein, “DIP Budget” shall initially refer to the initial 13-week projection delivered in accordance with Section 6.2 and thereafter shall refer to the most recent 13-week projection delivered by the Borrower in accordance with Section 9.1(c).

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Development Budget has the meaning set forth in Section 3.1.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Prospective budgeting means the determination of eligibility and the amount of assistance for a calendar month based on the best estimate of income and circumstances which will exist in that calendar month.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.