Adjusted Budget definition

Adjusted Budget has the meaning set forth in Section 2.5.

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Adjusted Budget means the Budget with any adjustments made in accordance with section 6.3;

Adjusted Budget means, as at any date of determination, the Budget for the then current Fiscal Year, as adjusted for (a) the anticipated results from permitted future Asset Sales to the extent the Borrower or any of its Subsidiaries has entered into a definitive purchase and sale agreement with a prospective purchaser with respect thereto, a copy of which shall have been delivered to the Administrative Agent and Lenders, (b) actual restructuring charges taken in connection with permitted Asset Sales consummated on or before such date of determination, and (c) business closures consummated on or prior to such date of determination, in each case as calculated in a manner satisfactory to the Required Lenders. Adjustments to the Budget shall take effect as of the end of the month in which the permitted Asset Sale is irrevocably consummated or, in the case of a future Asset Sale under clause (a) above, as of the end of the month in which a definitive purchase and sale agreement becomes effective, and, in cases other than Asset Sales, at the end of the month when actually taken by the Borrower.

Examples of Adjusted Budget in a sentence

• For the avoidance of doubt, the Parties hereby acknowledge that, upon delivery by SERI to the Steering Committee of such notice and accompanying pro forma Adjusted Budget, SERI shall have no obligation to incur Development Costs that would cause it to exceed the Budget by more than the Permitted Variance until the Steering Committee has approved SERI's proposed Adjusted Budget and agreed that such cost should be incurred and will be reimbursed.

• Within ten business days of receiving any commitment for Other Funding, the Recipient will provide notice to the Province of the commitment, including copies of any relevant agreements, and provide the Province with an Adjusted Budget that reflects the Other Funding.

• Any Budget modified in accordance with this Section 2.5 shall be an "Adjusted Budget," and such Adjusted Budget shall be the Budget for purposes of this Agreement.

• MESC hereby acknowledges that such change in the GE turbine designated for delivery to the Cogen Facility site may result in other impacts to the Project Schedule and Project Budget which shall be reflected in the proposed Adjusted Project Schedule and Adjusted Budget to be provided by SEI.

• If the payment due under an Adjusted Budget represents an amount that is greater than the payments made by DFA pursuant to the Invoices submitted in the calendar quarter covered by such Adjusted Budget (a “Positive Invoice Differential”), then the Tolling Fee set forth in the next Invoice submitted to DFA shall be a charge in the amount of such Positive Invoice Differential.

• As part of the Balancing Milk Projections, Budget and Adjusted Budget, DFA and Eagle will agree, for each calendar year during the term of this Tolling Agreement, as to the amount of cream to be delivered each month.

• Should DFA reject the Adjusted Budget, DFA shall be under no obligation to supply Balancing Milk and Eagle shall use its commercially reasonable efforts to minimize Costs incurred by Eagle for said calendar quarter.

• At least twenty (20) days prior to the beginning of each calendar quarter, DFA shall provide to Eagle estimates of Balancing Milk for the ensuing calendar quarter and, after review by Eagle, Eagle shall provide an estimated Adjusted Budget, which shall be accepted, modified after discussion with Eagle, or rejected by DFA within ten (10) days.

• If the payment due under an Adjusted Budget represents an amount that is less than the payments made by DFA pursuant to the Invoices submitted in the calendar month covered by such Adjusted Budget (a “Negative Invoice Differential”), then the Tolling Fee set forth in the next Invoice submitted to DFA shall be a credit in the amount of such Negative Invoice Differential.

• In such event, Licensor shall submit an Adjusted Budget to Licensee to reflect the reduction in ​ ​ scope to such Post-Marketing Work (including PIP Studies or Additional PIP Studies), and such Adjusted Budget shall be subject to the provisions of Section 4.2.1(a).

More Definitions of Adjusted Budget

Adjusted Budget means, on any date, the then-applicable 13-Week Budget, as adjusted (on a reasonable basis and in good faith) to permit a cumulative adverse deviation of no greater than 15%, and as further adjusted with the consent of the Requisite DIP Lenders.

Adjusted Budget means the Budget with any adjustments made in accordance with section 2.11;

Adjusted Budget means the Budget with any adjustments made in accordance with section 6.2 of Appendix A - Funding Agreement;