Quarterly Budget definition

Quarterly Budget shall have the meaning ascribed thereto in Section 6.32.

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Quarterly Budget means the quarterly budget required to be delivered by the Borrower pursuant to clause 21.4.2 (Budget).

Quarterly Budget means the operating budget (including budgeted statements on a quarterly basis of income and sources and uses of cash) for the Company and each of its Subsidiaries. “Budgets” means, collectively, the Annual Budgets and the Quarterly Budgets.

Examples of Quarterly Budget in a sentence

• Eligible customers may choose between the Annual Budget Billing Plan and the Quarterly Budget Billing Plan if they have 12 months or more of billing history at their current premise; if there is less than 12 months of billing history, then only the Quarterly Budget Billing Plan is available.

• GDC shall deliver (or otherwise make available) the Quarterly Budget Updates to the Parties and the GDC Board.

• Each Quarterly Budget Update shall include a report by category on any changes to the Project Budget from the previous quarter, describe new commitments, summarize expenditures on an executive level, and provide any additional budgetary information required as described in the PMP.

• Each update to the budget under this paragraph and any modifications per the Quarterly Budget updates outlined below shall [*].

• In the event BIND’S costs in the aggregate exceed the amount budgeted in any Agreed Quarterly Budget covering those activities set out in the Product Development and Manufacturing Program Plan by more than [***] and unless such additional cost has been agreed to in writing by AstraZeneca, then JSC shall determine if such excess amount is reasonable under the circumstances.

• First 5 reserves the right to adjust the advance payment schedule and advance payment amounts based on the Contractor’s billed expenditures submitted in the Quarterly Budget Reports.

• The Law Firm shall also notify Client of any anticipated material increases not reflected in the Quarterly Budget.

• Any failure by the Company to comply with the Quarterly Budget Forecast within a variance of plus or minus 10% or with the Agreed Use of Proceeds Schedule shall constitute an event of default under the Existing Debentures and the Bridge Notes.

• The Company shall allow the Included Holders or their designee, upon an Included Holder’s written request, to access the Company’s financial records during reasonable business hours in order to verify whether the Company is complying with the Quarterly Budget Forecast and the Agreed Use of Proceeds Schedule.

• Each Quarterly Budget shall specify, among other things, the amount of funds needed by the Company and its Subsidiaries in the next quarter to operate the business of the Company and its Subsidiaries (the amount of such funds, the "Quarterly Amount").

More Definitions of Quarterly Budget

Quarterly Budget has the meaning assigned to it under Clause 11.4(c).

Quarterly Budget shall have the meaning given to such term in section 3.b(4), below.

Quarterly Budget means, with respect to a Calendar Quarter, the amount set forth in the Program Funding Schedule for such Calendar Quarter.

Quarterly Budget means the three-month rolling operating budget and cash flow forecast in form and substance reasonably acceptable to the Administrative Agent, which

Quarterly Budget has the meaning assigned to it under Clause 11.4(c). "Rating Downgrade Event" has the meaning assigned to it under Clause 6A(a).

Quarterly Budget as defined in Section 10.2(j).