Proposed Operating Budget definition

Proposed Operating Budget means the budget proposed for the calendar or fiscal year following the year in which an application is submitted, including all anticipated revenue other than the amount sought in the grant application and all planned expenditures.

Proposed Operating Budget has the meaning set forth in Section 8.4(A).

Proposed Operating Budget shall have the meaning set forth in Section 4.4.

Examples of Proposed Operating Budget in a sentence

• Tenant shall approve or disapprove any such resubmitted Proposed Operating Budget or Proposed Capital Budget within fifteen (15) days of its receipt thereof.

• If Tenant disapproves the Proposed Operating Budget or Proposed Capital Budget, Management Company will resubmit the Proposed Operating Budget or Proposed Capital Budget within fifteen (15) days after initial rejection.

• Tenant shall approve or disapprove of the Proposed Operating Budget and Proposed Capital Budget in writing to Management Company, detailing the basis for disapproval, within thirty (30) days after receipt.

• If Tenant does not approve or disapprove of the Proposed Operating Budget or Proposed Capital Budget within such thirty (30) day period then Tenant shall be deemed to have approved the Proposed Operating Budget or Proposed Capital Budget, as applicable.

• The Tenant shall not unreasonably withhold its approval of any Proposed Operating Budget or Proposed Capital Budget submitted by the Management Company.

More Definitions of Proposed Operating Budget

Proposed Operating Budget has the meaning set forth in Section 2.5(b)(ii).

Proposed Operating Budget means an annual operating projection prepared by Operator that includes Operator’s good faith reasonable estimates of all revenue and expense items for each Fiscal Year for the Hotel.

Proposed Operating Budget is defined in Section 3.1(c).

Proposed Operating Budget means the budget prepared by Civic and processed with the City as described in Sections 4.1 and 4.2 of this Agreement.

Proposed Operating Budget shall have the meaning ascribed to such term in Section 8.1.

Proposed Operating Budget means the Marketing Plan, Proposed Marketing Budget, and an estimate on an Accounting Period basis, of Gross Revenues and Facility Expenses for the next ensuing Fiscal Year, together with an explanation of anticipated changes to resident charges, payroll rates and positions, non-wage cost increases, the proposed methodology and formula employed by Manager in allocating Shared Services, and all other factors differing from the then current Fiscal Year.

Proposed Operating Budget is defined in Section 7.2 of the Operating Agreement.