Approved Annual Budget definition

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

Approved Annual Budget has the meaning set forth in Section 4.3.2.

Approved Annual Budget means each Annual Budget approved by Lender in accordance with the terms hereof.

Examples of Approved Annual Budget in a sentence

• Approved Annual Budget Estimates; environment interventions-page, 50; social interventions-page,52; climate interventions-pages-46.

• The term "Cash Expenses" shall mean for any period, the operating expenses for the Mortgaged Property (as defined in the Security Instrument and hereinafter referred to as the "Property") as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred by Maker minus payments into the Tax and Insurance Impound Fund (as defined in the Security Instrument) and the Replacement EScrow Fund (as defined in the Security Instrument).

• The term "Approved Annual Budget" shall mean each Annual Budget approved by Payee in accordance with terms herein.

• Until such time that Payee approves a proposed Annual Budget, the most recently Approved Annual Budget shall apply; provided that, such Approved Annual Budget shall be adjusted to reflect actual increases in real estate taxes, insurance premiums and utilities expenses.

• The term "Extraordinary Expense" shall mean an extraordinary operating expense or capital expense not set forth in the Approved Annual Budget or allotted for in the Replacement Escrow Fund.

More Definitions of Approved Annual Budget

Approved Annual Budget shall have the meaning assigned to such term in Section 8.16(a).

Approved Annual Budget. 6.8.3 “Approved Extraordinary Operating Expense” – 6.8.4

Approved Annual Budget. In the event of a Transfer of any Property the Approved Annual Budget shall be reduced as reasonably determined by Lender in consultation with Borrower in order to reflect the removal of such Property and the Operating Expenses associated therewith; provided, further, that no such reduction shall be made in the event such Transfer is made in connection with a substitution under Section 2.4.

Approved Annual Budget means an Annual Budget (including the Initial Annual Budget) approved by the Management Committee or the Members in accordance with this Agreement.

Approved Annual Budget has the meaning specified in Section 7.10(e).

Approved Annual Budget has the meaning given that term in Section 9.4(h).

Approved Annual Budget shall have the meaning given in Section 10.1(e).