Approved Operating Budget definition

Approved Operating Budget shall have the meanings described in Section 2.02(b).

Approved Operating Budget means the Operating Budget as approved by the Owner, as such Operating Budget may be modified in writing in accordance with the terms of this Agreement.

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

Examples of Approved Operating Budget in a sentence

• FY20 Approved Operating Budget and contingent upon Board approval of FY21 and FY22 Operating Budgets.

• Property Manager shall supervise and purchase or arrange for the purchase of all reasonable inventories, provisions, supplies and operating equipment which are provided for in the Approved Operating Budget or otherwise specifically approved by Owner in writing.

• On-site employees of Property Manager shall be entitled to receive incentive leasing bonuses as may be included in the Approved Operating Budget.

• 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.

More Definitions of Approved Operating Budget

Approved Operating Budget shall have the meanings set forth in the Property Management Agreement.

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

Approved Operating Budget means, for any period, each Borrower's Operating Budget as approved or deemed approved by Lender from time to time in accordance with Section 5.1(D) of the Loan Agreement, setting forth such Borrower's reasonable estimate of Operating Revenues and Operating Expenses for the applicable Property for such period.

Approved Operating Budget means as described in Section 6.3.5.

Approved Operating Budget shall have the meaning set forth in Section 4.03 of the Agreement.

Approved Operating Budget shall have the meaning given to such term in Section 9.3(a).

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