Apex Budget definition

Apex Budget means the budget prepared by Borrower (or restructuring advisors acceptable to Lender) and attached hereto as Exhibit F, as modified or supplemented from time to time by additional budgets (covering any time period covered by a prior budget or covering additional time periods) which modifications or supplements shall not have been rejected in writing by Lender in its sole discretion and in each case as to the initial Budget or subsequent modifications or supplements, with such supporting documentation as reasonably requested by Lender in its sole discretion.
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Examples of Apex Budget in a sentence

  • The initial Apex Budget has been thoroughly reviewed by Borrower and its management and sets forth for the periods covered thereby, among other things, Apex’s projected weekly operating cash receipts and disbursements for each week commencing with the week ending January 16, 2009.

  • Borrower will pay its Post-Petition Indebtedness and other obligations in accordance with the Apex Budget and as permitted by Section 5.12.

  • Notwithstanding any approval by Lender of the initial Apex Budget or any subsequent or amended Apex Budget, Lender will not, and shall not be required to, provide any further Advances to Borrower.

  • In addition to the initial Apex Budget, Borrower shall thereafter deliver to Lender updates to the Apex Budget on a weekly basis (the “Budget Report”).

  • Lender is relying upon Borrower’s delivery of, and compliance with, the Apex Budget in accordance with this Section 5.12 in determining to enter into the Post-Petition financing arrangements provided for herein.

  • Such funds shall be held in the Cash Collateral Accounts until such time as the amounts held therein are applied by Borrower to pay normal operating expenses consistent with the Apex Budget (or permitted by Section 5.12), the Interim Order and any Final Order.

  • So long as no Event of Default shall have occurred and be continuing, amounts held in the Cash Collateral Accounts shall be made available to Borrower to pay normal operating expenses consistent with the Apex Budget (or permitted by Section 5.12).