Approved Capital Budget definition

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

Approved Capital Budget. 6.3.5 “Approved Operating Budget” - 6.3.5 “Award” - 7.3.2

Approved Capital Budget shall have the meaning set forth in Section 4.4(b).

Examples of Approved Capital Budget in a sentence

• Property Manager agrees to use diligence and all reasonable efforts to ensure that the actual costs of maintaining and operating the Property shall not exceed the Approved Operating Budget or the Approved Capital Budget pertaining thereto, as applicable.

• The proposed budgets shall become the Approved Capital Budget and the Approved Operating Budget only when approved by Owner.

• Prior to purchasing, Property Manager must obtain Owner's specific written authorization for all capital expenditures that are not included in the Approved Capital Budget as well as for all capital expenditures of $25,000 or more that are included and itemized with specificity in any one (1) line item in the Approved Capital Budget.

• If the cost of compliance is (i) not included in the Approved Operating Budget or Approved Capital Budget or (ii) in excess of $10,000, Property Manager shall notify Owner promptly and obtain Owner's prior written approval prior to making the expenditure.

• Management Company shall not withdraw any monies from the Operating Account to pay any item other than Operating Expenses permitted pursuant to the Approved Operating Budget or the Approved Capital Budget, as applicable, including the Management Fee and all amounts due Management Company or its affiliates pursuant to any other agreement in respect of the Facility, or any emergency expenses pursuant to Section 2.4 hereof.

More Definitions of Approved Capital Budget

Approved Capital Budget shall have the meaning set forth in Section 2.2.2.

Approved Capital Budget means a Capital Budget that has been approved by Lender.

Approved Capital Budget and “Approved Operating Budget” shall have the meanings set forth in the Property Management Agreement.

Approved Capital Budget means as described in Section 6.3.5.

Approved Capital Budget has the meaning set forth in Section 2.5(e).

Approved Capital Budget. 6.3.5 “Approved Operating Budget” - 6.3.5 “Assignment of Leases and Rents”- 1.1 (Definition of Loan Documents) “Assumed Interest Rate” – 1.1 (Definition of Yield Maintenance Premium) “Award” - 7.3.2 “Bankruptcy Proceeding” - 4.19 “Borrower’s Recourse Liabilities” - 10.1 “Breakage Costs” – 2.2.4 “Broker” - 10.2 “Cap/Ex Reserve Subaccount” - 3.5 “Cash Management Accounts” - 3.10 “Cash Management Agreement” – 1.1 (Definition of Loan Documents) “Casualty” - 7.2.1 “Casualty/Condemnation Prepayment” - 2.3.2 “Casualty/Condemnation Subaccount” - 3.7 “Cause” - Schedule 6 “Certificates” – 1.1 (Definition of Permitted Investments) “Clearing Account” - 3.1 “Clearing Account Agreement”- 1.1 (Definition of Loan Documents) “Clearing Bank” - 3.1 “Condemnation” - 7.3.1 “Delaware Act” – Schedule 6 “Deposit Account” - 3.1 “Determination Date” - 1.1 (Definition of LIBOR) “Disclosure Document” - 9.1.2 “Early Sale Interest Rate” – 1.1 (Definition of Yield Maintenance Premium) “Easements” - 4.5 “Embargoed Person” – 5.29 “Environmental Laws” - 4.29 “Equipment” - Security Instrument “Eurodollar Business Day” – 1.1 (Definition of LIBOR) “Event of Default” - 8.1 “Exchange Act” - 9.1.2 “Extension Period” – 2.8 “FATF” – 5.29 “First Extended Maturity Date” - 2.8 “Floor” – 1.1 (Definition of LIBOR Rate) “Fund” – 1.1 (Definition of Permitted Investments) “Guaranty”- 1.1 (Definition of Loan Documents) “Hazardous Substances” - 4.29 Schedule 1-1 71215191

Approved Capital Budget shall have the meaning set forth in Section 6.01 of this Agreement.