2007 Budget definition

2007 Budget means the budget of the Company for fiscal year 2007 as approved by the Board of Directors on December 19, 2006, as updated by the first quarter forecast. An “Affiliate” of any Person means another Person that directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such first Person, where “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of a Person, whether through the ownership of voting securities, by contract, as trustee or executor or otherwise.
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2007 Budget has the meaning set forth in Section 6.8.
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2007 Budget means the budgets for each of the EPDM Business and the Rubber Chemicals Business for the year ending December 31, 2007 prepared by Chemtura and attached hereto as Exhibit A.
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Examples of 2007 Budget in a sentence

  • In the 2007 Budget, the allocation is $85.5 million to the pension liability and $25.0 million for general purpose debt.

  • The Company has all requisite corporate power and authority to carry on its business as now conducted and as proposed to be conducted in: (i) the Operation Plan approved by the Board on May 17, 2007; (ii) the Marketing Penetration Plan (as defined below); and (iii) the 2007 Budget approved by the Board on May 17, 2007 (the “2007 Budget”)(subsections (i), (ii) and (iii) are collectively referred to herein as the “Updated Work Plan”), copies of which have been delivered to the lead counsel for the Investors.

  • DEBT/PENSION REPAYMENT The 2007 Budget provides for a $110.5 million contribution to the Debt Retirement Fund.

  • The Company shall utilize the funds received from the Investors under this Agreement in accordance with the 2007 Budget, as updated from time to time in by the Board of Directors of the Company.

  • With the currently proposed reforms, the budgeting margin for 2007 is SEK 9.7 billion (see Table 5.5).The expenditure ceiling for 2008 will not be proposed until the 2007 Budget Bill, but according to the Government in the 2006 Budget Bill, SEK 982 billion is a well balanced level for the economic scope for central government expenditures in 2008.The accounting principles for the central government budget vary over time.

  • The IRS ex-ISPA segment includes all derivatives associated with the liabilities of the company, Infrastrutture S.p.A., which were assumed by the Treasury as provided by the 2007 Budget Law.

  • In its March 2007 Budget, the federal government announced a thorough reform of the equalization program on the basis of the recommendations made by the Expert Panel on Equalization and Territorial Formula Financing.

  • The Inventory, taken as a whole, consists of a quality and is in quantities sufficient and reasonable for the operation of the Business as contemplated by the 2007 Budget.

  • The 2007 Budget retains a high degree of activity and will focus on drilling in many of our key properties where a high level of success was realized through 2006.

  • From the date of this Agreement until the Closing Date, except as set forth on Schedule 6.2 or as contemplated by this Agreement (including any Employee Exhibit), each Seller and the Chinese Joint Venture shall operate the Business in the manner contemplated by the 2007 Budget.

Related to 2007 Budget

  • CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Discretionary Capital Expenditures.

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

  • Approved Budget means an annual budget-

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

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

  • 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.

  • 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.

  • 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.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Development Budget shall have the meaning set forth in Section 3.3.

  • 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.

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • 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).

  • 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.

  • 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.

  • Research Budget has the meaning set forth in Section 4.2.

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

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

  • CAPEX means Capital Expenditure for the Project;

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.