Working Capital Budget definition

Working Capital Budget means, with respect to any Fiscal Year, the component of the Operating Budget for such fiscal year submitted by Borrower to Lender in accordance with the provisions of Section 5.1(r)(viii) which sets forth, for each calendar month or other applicable time period, the amount of the working capital reserve budgeted for such time period and changed thereto over the course of such budget period (such working capital reserve amount for any given time period is herein referred to as the “Working Capital Reserve Amount”).
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Working Capital Budget means, for any Property, the budget approved by Lender setting forth the amount of Working Capital Advances allocated to pay Capital Expenditures, Tenant Improvements and Leasing Costs incurred in connection with such Property.
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Working Capital Budget means the three year budget of the working capital and operating expenses for the Facility, prepared by Manager and approved by Lender, a copy of which is attached hereto as Exhibit C, and as revised from time to time, subject to the prior written approval of Lender which shall not be unreasonably withheld.
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Examples of Working Capital Budget in a sentence

  • Promptly following the occurrence and during the continuance of an Event of Default, the Borrower shall submit or cause to be submitted to Lender a Working Capital Budget for the remainder of the Fiscal Year during which such Event of Default occurs and by not later than the end of each of Borrower’s Fiscal Years with respect to the subsequent Fiscal Year.

  • Lender shall have approved the Working Capital Budget for the Property for which the Working Capital Advance is requested.

  • With respect to any funding to be advanced for Capital Expenditures, in no event shall the Working Capital Advances with respect to any single Property exceed (in the aggregate for all Capital Expenditures made in respect of such Property) the total amount of Loan funds allocated to Capital Expenditures in the approved Working Capital Budget for such Property.

  • Borrower shall have delivered to Lender the Working Capital Budget and the Disbursement Schedule in form and substance reasonably satisfactory to Lender.

  • In accordance with the Management Agreement, Manager will use the Loan Advances exclusively for the working capital needs of the Facility in accordance with the Working Capital Budget.

  • No contribution from the respective Owners shall be required to be made to the initial Working Capital Budget.

  • Alliance shall provide the Initial Working Capital Budget pursuant to the Letter Agreement, the services of the Alliance employees and access to Alliance services pursuant to the Technology Integration Agreement, and PanOptic shall assign and transfer to Newco the PanOptic Assets pursuant hereto.

  • The written request for any additional Working Capital shall be submitted by Operator to NYRA on a monthly basis based on the Financial Statements and the Working Capital Budget.

  • Upon receipt of such funds, Lender Payee shall [i] pay all taxes, debt service and approved operating expenses and reserves of Tenant in accordance with the Working Capital Budget; and [ii] retain an amount equal to the Net Cash Flow of Tenant for payment on the Note.

  • The amount of each approved monthly estimate (excluding interest) (an "Approved Working Capital Budget") is subject to periodic adjustment at the commercially reasonable discretion of the Agent.


More Definitions of Working Capital Budget

Working Capital Budget means, with respect to any Fiscal Year, the component of the Operating Budget for such fiscal year submitted by Borrower to Lender in accordance with the provisions of
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