Transition Budget definition

Transition Budget means a budget, substantially in the form of Exhibit E containing the line item expenses of Seller’s bankruptcy estate appropriate to operate and maintain the assets of Seller and the Wafer Business and to conduct the Bankruptcy Case from the Execution Date through the Closing Date in accordance with the terms of the Support Agreement.

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Transition Budget shall have the meaning set forth in Section 6.1.2.1 of the Agreement.

Transition Budget the budget reflecting anticipated Transition Costs attached hereto as Exhibit E.

Examples of Transition Budget in a sentence

• The Transition Budget shall be calculated on a time and materials basis, using (a) the FTE rates outlined in the TSA for the employee(s) rendering services covered by the TSA, and (b) out-of-pocket expenses charged as incurred, without ▇▇▇▇-up or overhead.

• Owner expressly agrees to reimburse Operator for fifty percent (50%) of the expenses incurred in connection with the transition activities during such period, which are not to exceed the amounts set forth in the Transition Budget unless otherwise approved by Owner, whether incurred prior to or following the Commencement Date.

• In addition, within five (5) days after the Effective Date, Owner shall pay Manager an initial allotment of the overall Transition Costs in accordance with the approved Transition Budget in the amount of $100,000.

• In addition, to the extent that the Closing has not occurred (without the consent of the Supporting Noteholders) prior to November 15, 2011, the term of the Transition Budget will be extended, but not past November 30, 2011 except such term may be extended until December 31, 2011 solely to the extent required for the purchaser to obtain necessary regulatory approvals.

• In the programmatic ministry costs, the percentages in this area are the same in the Transition Budget as they are in the Model Budget given we don’t yet know what changes will be made.

More Definitions of Transition Budget

Transition Budget shall have the meaning specified in Section 5.14.

Transition Budget. If juncture is approved at the March Special Convention, then the finance committees and diocesan councils of each diocese would in collaboration use the the Transition Budget—along with your feedback—as a basis to build a budget for 2025 that could be presented to the First Convention of the new diocese (fall of 2024).

Transition Budget means the budget reflecting anticipated Transition Costs attached hereto as Exhibit F, currently anticipated to be $30,000, with additional Transition Costs in excess of such amount to be subject to the prior written approval of Owner, not to be unreasonably withheld.

Transition Budget has the meaning set forth in Section 3.4.

Transition Budget means the overall budget of Transition Costs for conducting all activities under the Transition Plan, as prepared by ▇▇▇▇▇, with input from Partner, approved by the JSC, and as will be updated from time to time through the JSC. The Transition Budget shall include [***].

Transition Budget means the agreed budget for the transition of the workshops as further described in Schedule 7.1 (Charges and Invoicing);

Transition Budget means the expense budget of the Business set forth on Schedule 5.14;