Examples of Budgeted Amounts in a sentence
Any Out of Budget Amounts shall be reimbursed by the Company pursuant to Section 4.2(c) to the extent such Out of Budget Amounts (i) are less than or equal to [***] of the Budgeted Amounts, and (ii) were not attributable to a failure by SpinCo to use Commercially Reasonable Efforts or the failure of SpinCo to adequately supervise a Third Party performing such activities or the negligence on the part of SpinCo with respect to such activity.
Subject to Sections 4.2(a) and 4.2(c), with respect to the conduct of all other Funded SpinCo Activities, including the conduct of any Post-Selection Enabling Activities conducted on behalf of Company, the Company shall reimburse SpinCo for (i) [***] of the Budgeted Amounts for FTE Costs for such Research Activities and (ii) Out-of-Pocket Expenses related and reasonably allocable to such Research Activities.
SpinCo shall promptly inform the Company in writing upon SpinCo determining that it is reasonably likely to overspend by more than [***] of the Budgeted Amounts for Out-of-Pocket Expenses for a calendar month with respect to the Funded SpinCo Activities, including Out-of-Pocket Expenses with respect to the conduct of any Post-Selection Enabling Activities (“Out of Budget Amounts”).
For the avoidance of doubt, but except for any off-peak energy supplied pursuant to Section 2, Seller is not a residual supplier to Buyers for capacity and energy that exceed the Temporary Budgeted Amounts or Budgeted Amounts (as applicable), and is not required to supply Buyers with more Resources than the Temporary Budgeted Amounts or Budgeted Amounts (as applicable) to cover shortfalls in Buyers' Committed Resources that occur for any reason.
II/3 Pre-Approval Fee Levels or Budgeted Amounts Pre-approval fee levels or budgeted amounts for all services to be provided by the independent auditors may be established from time to time by the Audit Committee.
No later than sixty days prior to the beginning of any calendar year, Buyers shall provide Seller a forecast (“Annual Forecast”) of the Resources necessary to satisfy their Provider of Last Resort Obligation, the Seller Resources to be purchased (which, for the avoidance of doubt, shall not exceed the Temporary Budgeted Amounts or Budgeted Amounts, as applicable, except for any off-peak energy supplied pursuant to Section 2), and their Committed Resources for that calendar year.
Maximum Knoxville Capital Expenditures TABLE A Maximum Knoxville Year Budgeted Amounts Capital Expenditures ------------------------------------ ---------------- -------------------- 2002(a) ............................