Budgeted Expenses Sample Clauses

Budgeted Expenses. Pay any expenses other than those set forth in the thirteen week budget approved by the Agent prior to the Closing Date, which budget shall be updated weekly on a rolling thirteen week basis following the Closing Date (such initial budget, together with any subsequent budget which the Agent may, in its reasonable discretion, approve, the “Approved Budget”). From the Closing Date until January 31, 2014, (x) the Loan Parties’ sales and inventory receipts shall each not be less than 20.0% of the projected amounts set forth in the Approved Budget, and (y) the Loan Parties’ actual expenses and cash expenditures each shall not be greater than 20.0% of the projected amounts set forth in the Approved Budget, by line item or in the aggregate, and Availability hereunder shall not be less than 20.0% of projected Availability set forth in the Approved Budget; provided, however, that the Borrower shall not use funds allocated to a particular line item in the Approved Budget (including line items denominated “Miscellaneous” or “Other”, or words of similar import) to pay any expenses under any other line item(s) in the Approved Budget without the prior express written consent of the Agent, which consent may be conditioned, withheld, or delayed in the Agent’s sole and exclusive discretion. The foregoing shall be tested on Tuesday of each week as of the end of the prior week pursuant to the variance report delivered by the Borrower to the Lender, in each case on a weekly and cumulative basis commencing with the fourth (4th) week after the Closing Date.
Sample 1
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Budgeted Expenses. (a) The Borrower and its Subsidiaries shall not pay any expenses other than those set forth in the budget approved by the Administrative Agent and the Required Lenders prior to the Effective Date (together with any subsequent budget which the Administrative Agent and the Required Lenders may, in their sole discretion, approve, the “Approved Budget”) to be attached to the DIP Orders. The Borrowers and their Subsidiaries shall, in each case on a cumulative basis from and after the Petition Date, (a) achieve cash receipts of at least 80% of those projected in the Approved Budget, and (b) not permit (i) actual aggregate expenses incurred and disbursements made to exceed 115% of those projected in the Approved Budget, (ii) “Net Cash Flow” (as defined in the Approved Budget) for any week in each cumulative period covered by the Approved Budget to be more than $1,100,000 less than the projected cumulative Net Cash Flow as set forth in the Approved Budget for each such period or (iii) actual expenses incurred and disbursements made for professional fees of Case Professionals to exceed those projected in the Approved Budget by more than 20% for any individual line item or $300,000 in the aggregate for all Case Professionals. Compliance with this Section 6.25 shall be tested as of the close of business on Wednesday of each week starting as of the week ending April 26, 2019 on a cumulative basis from and after the Petition Date. Compliance with the foregoing shall be reflected in the Variance Report delivered pursuant to Section 6.1(i).
Sample 1
Budgeted Expenses. All Requests for Advances shall only be for those items of Expenses set forth in the Project Budget and the Annual Budget, as applicable;
Sample 1
Budgeted Expenses. Caster PC acknowledges that certain of its employees have in the past performed services utilizing the assets acquired by Newco pursuant to the Contribution Agreement (the "Remaining Employees"), and that the continued availability of the Remaining Employees to Newco is critical to the business of Newco. Caster PC hereby agrees to make the Remaining Employees exclusively available to Newco, unless prohibited by law, in accordance with the instructions of a majority of the Managers of Newco, and to incur certain budgeted expenses, including without limitation the expenses of maintaining and administering the existing retirement plan of Caster PC, in connection with the operations of Newco and those operations of Caster PC or Provider for which Newco will reimburse Caster PC or Provider as contemplated in Sections 4.4 and 4.5; provided that such availability and use of the Remaining Employees, and expenses related to Newco's, Caster PC's and Provider's operations, shall be consistent with the practices of Caster PC prior to the Effective Time (as defined in the Contribution Agreement), subject to appropriate adjustment for any growth in the volume of procedures done using the Facilities during the term of this Agreement. Newco agrees that it shall bear the actual, out-of-pocket costs of employing the Remaining Employees, and any other actual, out-of-pocket expenses incurred by Caster PC and related solely to the operations of Newco, but only to the extent (a) such costs or expenses are, individually and collectively, not in excess of amounts reflected in the budget agreed upon pursuant to the other provisions of this Section (collectively, the "Budgeted Costs") or (b) such costs or expenses are specifically and by amount agreed to in writing by any one (1) of the Prime designated managers of Newco. All costs or expenses to be reimbursed by or charged or netted from amounts owed to Newco must be specifically reflected in an annual budget prepared and delivered by Caster PC to Newco, that has been agreed upon in form and substance by a majority of the managers of Newco. Such budgets shall be delivered not less than sixty (60) days prior to the beginning of the period to which the budget applies; provided, however, that the initial budget for the remainder of the year 2000 shall be delivered on the date of this Agreement. Newco shall have the right to audit and inspect all of the records of Caster PC as they relate to Caster PC's costs and expenses pursuant to ...
Sample 1

Related to Budgeted Expenses

  • Covered Expenses Supervisors must have received prior authorization from their Appointing Authority before incurring any expenses authorized by this Article.

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • Shared Expenses Owner acknowledges that certain economies may be achieved with respect to certain expenses to be incurred by U-Haul on behalf of Owner hereunder if materials, supplies, insurance or services are purchased by U-Haul in quantity for use not only in connection with the Property but in connection with other properties owned or managed by U-Haul or its affiliates. U-Haul shall have the right to purchase such materials, supplies, insurance and/or services in its own name and charge Owner a pro rata allocable share of the cost of the foregoing; provided, however, that the pro rata cost of such purchase to Owner shall not result in expenses greater than would otherwise be incurred at competitive prices and terms available in the area where the Property is located; and provided further, U-Haul shall give Owner access to records so Owner may review any such expenses incurred.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

  • Non-Reimbursable Expenses In addition to the non-reimbursable items set forth above in this Policy, the following is a non-exhaustive list of expenses that will not be reimbursed by Xxxxxxxxxx County:

  • Additional Expenses The Underwriter will pay all expenses (e.g., shipping, postage and courier costs) associated with the delivery of the Prospectus to prospective investors and investors, other than the costs of delivery to the Underwriter's facilities, provided, that if courier services (other than overnight delivery services utilized in the ordinary course of business) are required to ensure that the Prospectus is delivered to investors on the day immediately preceding the Closing Date, the Company will pay such courier expenses. If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement between the Underwriter and the Company. Very truly yours, PAINEWEBBER INCORPORATED By:____________________________ Name: Title: The foregoing Agreement is hereby confirmed and accepted as of the date hereof. GE CAPITAL MORTGAGE SERVICES, INC. By:____________________________ Name: Title:

  • General Expenses You authorize the Manager to charge your account with your Underwriting Percentage of all expenses of a general nature incurred by the Manager and Co-Managers under the applicable AAU in connection with the Offering, including the negotiation and preparation thereof, or in connection with the purchase, carrying, marketing and sale of any securities under the applicable AAU and any Intersyndicate Agreement, including, without limitation, legal fees and expenses, transfer taxes, costs associated with approval of the Offering by the NASD and the costs of currency transactions (including forward and hedging currency transactions) entered into to facilitate settlement of the purchase of Securities permitted under Section 3.1 hereof.

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

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