Ad-Hoc Budget definition
Ad-Hoc Budget means amending or supplementing the Annual Budget, whether in the form of a fully revised Annual Budget or a supplementary budget for a specific project. 9.1.2 “Affiliate” means any person that Controls, is Controlled by or is under shared Control with a given person, whether directly or indirectly, through one or more intermediaries; however, in the case of Brookfield, entities such as Brookfield Public Securities Group LLC, Oaktree Capital Group, LLC, Atlas OCM Holdings, LLC and their subsidiaries that are required by Applicable Laws or internal rules adopted in good faith to act behind an “information wall” in relation to Brookfield are not considered as Brookfield’s Affiliates. 9.1.3 “AIFM Directive” means Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010. 9.1.4 “Alternative Plan” means a procedure that may be formally suggested and presented by the Management Board to the Supervisory Board in case the Management Board becomes aware of the possibility of a Group Entity exercising a call option in relation to the entire block of shares and other participation rights held by the Significant Subsidiary’s Co-Investor in a Material JV. 9.1.5 “Annual Budget” means each annual budget of the Company and the Group, prepared and approved in relation to a given financial year of the Company. 9.1.6 “Brookfield” means BIF IV Europe Holdings Limited, a private limited company duly established and existing under the laws ofEngland, with its registered office in London, address: Level 25,
Ad-Hoc Budget means any change of or addition to the Annual Budget, whether in the form of full revised Annual Budget or as a supplementaryproject-specific budget. 9.1.2. “Affiliate” of a person means any person, directly or indirectly, through one or more intermediaries, Controlling, Controlled by or under common Control with such person; except, in the case of the Brookfield, entities, such as Brookfield Public Securities Group LLC, Oaktree Capital Group, LLC, Atlas OCM Holdings, LLC and their respective subsidiaries, that are required under applicable Laws or bona fide internal rules to operate behind an “informationwall” from Brookfield, shall not be considered Affiliates of Brookfield. 9.1.3. “AIFMD” means Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment FundManagers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No. 1060/2009 and (EU) No. 1095/2010. 9.1.4. "Alternative Plan" means a course of action that may be formally proposed and presented by the Management Board to the Supervisory Board, in a situation where the Management Board becomes aware that a Group Company may exercise a call option with respect to the entire stake of shares and other participation rights held by aMaterial Subsidiary Co-Investor in a Material JV. 9.1.5. “Annual Budget” means any annual budget of the Company and the Group prepared and approved in respect of a given financial year of theCompany. 9.1.6. “Brookfield” means BIF IV Europe Holdings Limited, a private limited company duly incorporated and existing under English law, with its registered office in London, address: Level 25, One Canada Square, Canary Wharf, London, the United Kingdom, E14 5AA, registered with the Registrar of Companies for England and Walesunder company No. 12903059, as well as its legal successors. 9.1.7. “Business Day” means any day other than a Saturday or Sunday on which banks are normally open for general banking business in Warsaw, Poland and London, the United Kingdom. 9.1.8. “Business Plan” means any long-term business plan relating to the operations of the Company and the Group. 9.1.9.
Ad-Hoc Budget means any change of or addition to the Annual Budget, whether in the form of full revised Annual Budget or as a supplementary project- specific budget.