Supplemental Budget definition

Supplemental Budget is defined in Section 6.07(a);

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Supplemental Budget means an updated, supplemental or replacement 13-week budget of sources and uses of cash delivered in accordance with A.6.2 of this Agreement, or otherwise, that has been approved by the Lender.

Supplemental Budget means each supplemental or replacement budget to the Initial Budget, in each case in form and substance satisfactory to the Requisite Lenders in their sole discretion, and in each case delivered in accordance with Section 5.1(q) (covering any time period covered by a prior budget or covering additional time periods).

Examples of Supplemental Budget in a sentence

• The Supplemental Budget Neutrality Test is a comparison between the federal share of the Supplemental Cap and total FFP reported by the State for the New Adult Group.

• The Board must give the Owner a copy of the Budget, Supplemental Budget and the Association’s financial statements.

• Therefore, a separate expenditure cap is established for this group, to be known as Supplemental Budget Neutrality Test.

• The EG listed in the table below is included in Supplemental Budget Neutrality Test.

• A Supplemental Budget may be established as many times each year as is needed.

• Once a Supplemental Budget is established, the Property Manager will assess each Owner a Special Charge.

• The MEG listed in the table below are for the Supplemental Budget Neutrality Test 1.

• To accomplish these goals, a separate expenditure cap is established for the hypothetical groups, to be known as Supplemental Budget Neutrality Tests.

• If total FFP for the New Adult Group should exceed the federal share of the Supplemental Budget Neutrality Test after any adjustments made to the budget neutrality limit as described in paragraph b, the difference must be reported as a cost against the budget neutrality limit described in section XI.

• The Supplemental Budget Neutrality Test is calculated by taking the PMPM cost projection for the New Adult Group in each DY, times the number of eligible member months for that group and DY, and adding the products together across groups and DYs. The federal share of the Supplemental Cap is obtained by multiplying total computable Supplemental Cap by the Composite Federal Share described in section XI.

More Definitions of Supplemental Budget

Supplemental Budget means a budget through which minor changes are made in respect of receipts or payments for which either no provision is available or the provision available is inadequate in the current year’s budget.

Supplemental Budget shall have the meaning assigned to such term in the definition of Budget.

Supplemental Budget. The budget setting forth the proposed expenditure of money raised by the school from donations, fundraising activities, and collection of fees, and expressly excluding any money provided to the Corporation or Horizons by the District.

Supplemental Budget is defined in Section 6.07(a); “Threatened Owner” is defined in Section 5.04; “Total Destruction” is defined in Section 10.01; “Total Taking” is defined in Section 10.01; “Transfer” includes: (i) a sale, voluntary or forced, including a judicial or power of sale; (ii) a gift or bequest pursuant to a will at a person’s death; and (iii) a transfer by operation of law upon death, if there is no will; "Transfer Agreement" means the Transfer/Assumption/Consent Agreement attached as Exhibit "B"; “Trespasser” means any Occupant who: (i) does not vacate a Cottage at the end of the Use Period; (ii) who uses a Cottage during someone else’s Use Period without permission; (iii) who by any other act or failure to act prevents someone else from using a Cottage he/she is entitled to use. Any one of the foregoing acts is an “Act of Trespass”; “Use Period” is defined in Section 2.02; “Vandal” means any Occupant who damages any amenity, facility, a Cottage or Common Furnishings so that the Cottage cannot be lived in during any Use Period. Making a Cottage so it cannot be lived in is an “Act of Vandalism”; and “Visitor” means the family, guest and other people allowed or invited onto the Property by an Owner, Exchange User or Occupant, but Visitor does not include the Renter or Exchange User themselves.

Supplemental Budget means a budget in form and substance satisfactory to Lender that (i) sets forth, among other things, Borrower’s forecasted sales, collections and expenses, (ii) demonstrates Borrower’s ability to comply with all financial covenants set forth in Section 9.3 of this Agreement or as contained in any of the DIP Financing Documents, and (iii) reflects that Borrower will at all times have positive Availability under the DIP Facility. Supplemental Budgets must be submitted by Borrower to Lender within 15 days prior to the last date shown on the First Supplemental Budget and thereafter on each then effective Budget. Supporting Obligation - shall have the meaning ascribed to the term “supporting obligation” in the UCC. Taxes - any present or future taxes, levies, imposts, duties, fees, assessments, deductions, withholdings or other charges of whatever nature, including income, receipts, excise, property, sales, use, transfer, license, payroll, withholding, social security and franchise taxes now or hereafter imposed or levied by the United States, or any state, local or foreign government or by any department, agency or other political subdivision or taxing authority thereof or therein and all interest, penalties, additions to tax and similar liabilities with respect thereto, but excluding, in the case of Lender, taxes imposed on or measured by the net income or overall gross receipts of Lender. UCC - the Uniform Commercial Code (or any successor statute) as adopted and in force in the State of Florida from time to time or, when the laws of any other state govern the method or manner of the creation or perfection of any security interest in any of the Collateral, the Uniform Commercial Code (or any successor statute) of such state. Value - with reference to the value of Inventory, value determined on the basis of the lower of cost or market of such Inventory, with the cost thereof calculated on a first-in, first-out basis.

Supplemental Budget means adjustments made to the adopted budget during the fiscal year to account for unanticipated revenues or necessary expenditures.