Annual Budget definition

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.

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Annual Budget means the budget approved by the municipal council for any particular financial year, and shall include any adjustments to such budget.

Annual Budget means the operating and capital budget for the Properties in the aggregate setting forth, on a month-by-month basis, in reasonable detail, each line item of Borrower’s good faith estimate of anticipated Rents and other recurring income, Operating Expenses and Capital Expenditures for the applicable Fiscal Year.

Examples of Annual Budget in a sentence

In the event that, during any Trigger Period, B▇▇▇▇▇▇▇ proposes to incur an extraordinary operating expense or capital expense that is not consistent with the Approved Annual Budget (each an “Extraordinary Expense”), Borrower shall promptly deliver to Lender a reasonably detailed explanation of such proposed Extraordinary Expense for L▇▇▇▇▇’s approval, such approval not to be unreasonably withheld, conditioned or delayed.
Each Annual Budget shall be accompanied by an officer’s certificate signed by a Responsible Officer of the Borrower stating that the budget is a reasonable estimate for the period covered thereby and is in compliance with the requirements of Section 7.04(d).
At all times operate and maintain each Project and the Shared Facilities, or cause each Project and the Shared Facilities to be operated and maintained in a manner consistent, with Prudent Industry Practice and, in all material respects, with the Applicable Annual Budget and the Project Agreements.

More Definitions of Annual Budget

Annual Budget has the meaning set forth in Section 6.2.

Annual Budget shall have the meaning set forth in Section 4.12(a)(v).

Annual Budget. As defined in the Mortgage Loan Agreement.

Annual Budget means an operating and capital budget prepared by Lessee and delivered to Lessor in accordance with Section 4.1.

Annual Budget means a budget covering the operations of the Company and its Subsidiaries for a calendar year, setting forth reasonable line item detail regarding anticipated revenues and expenditures, including: (a) forecasted revenues; (b) estimated operating expenditures; (c) estimated capital expenditures; (d) proposed financing plans for such expenditures; and (e) such other items as the Board may deem appropriate.

Annual Budget. As used in this Lease, the term “Annual Budget” shall mean an operating and capital budget prepared by Lessee and delivered to Lessor in accordance with Section 4.1.

Annual Budget means the operating budget for the applicable fiscal year of Mortgage Borrower detailing on a monthly basis, consistent with the manner in which Mortgage Borrower’s operating statements are presented, projected cash flow for such fiscal year and all planned capital expenditures for each Individual Property, delivered in accordance with the Mortgage Loan Agreement.