Common use of DIP Budget Clause in Contracts

DIP Budget. Incur expenses or make payments for any category of expenses set forth in the DIP Budget for any week in excess of the amount budgeted for such category in the DIP Budget for such week (provided, however, if the amount budgeted in any category for any week is not paid during such week, the unpaid amount budgeted shall be carried forward and added to the amount budgeted for such category in each following week (without duplication) until paid). Any variance from the DIP Budget shall be deemed to be a material variance and shall require the Postpetition Lender’s consent, and any amounts not included in the DIP Budget that have been approved for payment by the Bankruptcy Court shall not be funded unless and until approved by the Postpetition Lender.