Approved DIP Budget definition

Approved DIP Budget has the meaning given such term in the DIP Order.

Approved DIP Budget has means, as of any date of determination, the Updated Budget then in effect pursuant to Section 5.01(d), or, if no Updated Budget has become the Approved DIP Budget pursuant to Section 5.01(d), the Initial Budget.

Approved DIP Budget means each Cash flow forecast, on a line item basis and in reasonable detail, of (a) Cash receipts, Cash disbursements and net Cash flows, each as to the First Lien Collateral, including Eligible Receivables, Eligible Mortgage Loans, Eligible REO Property, Cash and Cash Equivalents in the Blocked Accounts, and Collections, (b) aggregate outstanding Loans, (c) the Book Value of Eligible Receivables, Market Value of Eligible Mortgage Loans and Appraised Value of Eligible REO Property and (d) projected availability under the Revolving Facility, for a period of twenty (20) weeks, set forth on a weekly basis, as approved by Administrative Agent in accordance with Section 5.02(a) (or, with respect to the Initial Approved DIP Budget, as delivered pursuant to Section 3.01(h)), commencing with the Initial Approved DIP Budget and as updated from time to time as required under Section 5.02.

Examples of Approved DIP Budget in a sentence

• All amounts authorized to be paid pursuant to this Order are subject to the limitations and restrictions imposed by the Approved DIP Budget (as defined in the DIP Credit Agreement).

• All borrowings under the DIP Facility, and the use of Cash Collateral, shall at all times comply with the Approved DIP Budget (subject to Permitted Variances) and the DIP Loan Documents.

• One of their first endeavours occurred when the Federation of Saskatchewan Indian Nations (FSIN) approached Father Andre to assist in planning and implementing a one-week summer camp for at-risk First Nations youth.

• Lindely [5], showed a fractional speed-up for the flow of between 0.7 and 0.8 at the height z/H=0.2 above the crests.

• The Approved DIP Budget has been prepared in good faith on the basis of the assumptions stated therein, which assumptions were believed to be reasonable at the time made, it being understood that projections as to future events are not to be viewed as facts and actual results may vary materially from such forecasts.

More Definitions of Approved DIP Budget

Approved DIP Budget shall have the meaning assigned to such term in the Interim Order or the Final Order, as applicable, and the Initial DIP Budget shall be the “Approved DIP Budget” for all purposes of this Agreement and the other Loan Documents until superseded by any supplemental budget as set forth in Section 5.01(o) and for purposes of the DIP Variance Report and the covenant set forth in Section 6.09 shall refer to the most recently delivered Approved DIP Budget for the weeks covered thereby, and for prior periods, the Approved DIP Budget in effect at the beginning of such period; provided that for the first four weeks for which the DIP Variance Report and the covenant set forth in Section 6.09 are applicable, the Approved DIP Budget shall be the Initial DIP Budget for all purposes.

Approved DIP Budget has the meaning specified in the Interim Order or the Final Order, as applicable.

Approved DIP Budget means the initial DIP Budget with 12 monthly periods, delivered in accordance Section 4.01(a)(xiii)(x) and, thereafter, the then most recent DIP Budget delivered by the Borrower in accordance with Section 6.02(h), it being understood that (i) if the Administrative Agent or the Required Lenders have not objected within five Business Days of receipt thereof to an updated DIP Budget delivered in accordance with Section 6.02(h), such updated DIP Budget shall be deemed to have been approved, or (ii) if the Administrative Agent or the Required Lenders have objected to an updated DIP Budget delivered in accordance with Section 6.02(h), then such DIP Budget shall not be approved until a replacement therefor is submitted by Borrower and approved in accordance with the foregoing.

Approved DIP Budget shall have the meaning ascribed to it in the Financing Order.

Approved DIP Budget means the then most current budget prepared by the Borrower and approved by the Required Lenders in accordance with Section 5.13.

Approved DIP Budget means the most recently delivered DIP Budget that (i) has been

Approved DIP Budget means, initially, the Initial DIP Budget and, thereafter, any Subsequent DIP Budget which shall be approved by the Required Lenders in accordance with Section 5.01(c)(i) with the most recently approved budget constituting the “Approved DIP Budget”.