Budget definition
Examples of Budget in a sentence
At the first quorate meeting of the Board of Managers called in accordance with Section 3.02(b), or, subject to Section 3.02(d), pursuant to a written consent, the Board of Managers shall (i) vote to approve the adoption of the Pre-FID Budget and (ii) establish the Development Committee.
Suspension of Operations for a period longer than seven days in a manner not contemplated by an approved Program and Budget or LOM Plan, other than due to a Force Majeure Event or to comply with an order of a Governmental Authority; 4.
Administrative Agent shall have received the budget (“Budget”) setting forth the anticipated Equipment Acquisition Costs, Progress Payments, the Financing Costs and such other information as Administrative Agent may reasonably require, together with a statement of uses and anticipated sources of funds necessary to pay the Equipment Acquisition Costs, Progress Payments and the Financing Costs, which Budget shall be satisfactory to Administrative Agent and the Lenders.
When Operations cease or are scheduled to cease, Management shall prepare and submit to the Board for adoption a Program and Budget and corresponding funding plan for Closure Activities in respect of such mine (a “Closure Program and Budget”).
There shall not have occurred any change in (i) the Budget, (ii) the Project and Equipment Deployment Forecast or (iii) the financial condition, business or property of any Loan Party or any Major Project Participant, which has had or could reasonably be expected to have a Material Adverse Effect.