Updated DIP Budget definition

Updated DIP Budget shall have the meaning set forth in the definition of “DIP Budget.”
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Examples of Updated DIP Budget in a sentence

  • Such Updated DIP Budget shall be in substance reasonably satisfactory to the Requisite Lenders and shall reconcile the prior calendar month’s actual results with the period to be covered in the Updated DIP Budget.

  • The Requisite Lenders and Agent shall have received the most recent Updated DIP Budget in accordance with Section 5.1(e).

  • At the end of each four-week period commencing on the Petition Date, the Borrower shall deliver to Administrative Agent and the Lenders an Updated DIP Budget for the current week and the immediately subsequent 12 week period, in substantially the same form as the Initial DIP Budget (or such other form acceptable to the Lenders).

  • Once so consented to by the DIP Lenders, the Initial DIP Budget shall be deemed the “Approved DIP Budget” for all purposes of the DIP Loan Documents until superseded by any Updated DIP Budget (as defined below) that subsequently is consented to by the DIP Lenders as set forth below.

  • While the cost of the KEIP was not includedin the Updated DIP Budget, the cost of the proposed KEIP is expected to be funded through savings in other budget line items.

  • Rather than providing a general argument against border control, they frame their discussion in terms of a detailed analysis of the new bill.

  • The DIP Secured Parties are relying upon the Updated DIP Budget in entering into the DIP Loan Documents.

  • Until that date, the performance metrics for the KEIP shall remain both the Operational Metric and Cash Flow Metric and the targets shall remain those defined in the Updated DIP Budget for the applicable Performance Period.

  • The Debtors shall promptly provide the Prepetition ABL Agent, on behalf of itself and the Prepetition ABL Lenders, the Prepetition Notes Trustees, in each case on behalf of itself and the applicable Prepetition Noteholders, and the Creditors’ Committee with all required written financial reporting and other periodic reporting that is delivered by the DIP Loan Parties under the DIP Credit Agreement, including any proposed Updated DIP Budget, as and when delivered to the DIP Agent.

  • The Loan Parties shall continue to provide the Prepetition CF Agent and Xxxxxxxx Xxxxx with financial and other reporting substantially in compliance with the Prepetition CF Credit Agreement and shall provide Xxxxxxxx Xxxxx with the Initial DIP Budget, the most recent Updated DIP Budget, the DIP Variance Report and the DIP Financial Reporting contemporaneously with delivery thereof to the DIP Agent (each, on a confidential basis).

Related to Updated DIP Budget

  • 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).

  • 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.

  • 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.

  • Approved Budget means an annual budget-

  • 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.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

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

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

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

  • 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.

  • Cash Flow Forecast means a 13-week cash flow forecast for the then applicable period, which shall include, among other things, anticipated cash collections and receipts and anticipated disbursements for each calendar week covered thereby.

  • 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.

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

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

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

  • 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.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

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

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

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

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Net Cash Flow Schedule shall have the meaning set forth in Section 5.1.11(b) hereof.