Budget Threshold definition

Budget Threshold means for budget updates in a given year, the higher of (a) [***] in the case of the Early Stage Program or [***] in the case of the Post Phase Ia Program and (b) an aggregate [***] budgetary increase from the then current budget set forth in the plan for such Program.
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Budget Threshold means (a) [***********], as applicable.
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Budget Threshold is defined in Section 7.4(c)(v).
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Examples of Budget Threshold in a sentence

  • Any unbudgeted expenditures and/or any expenditures in excess of the Budget Threshold shall be subject to Owner's prior approval, which approval shall not be unreasonably withheld.

  • Notwithstanding any contrary provisions in this Agreement, Manager shall be entitled, without Owner's consent, to make or commit Owner to make unbudgeted expenditures and/or expenditures in excess of the Budget Threshold for the purposes of emergency repairs involving manifest danger to persons or property or required to avoid suspension of any necessary service at the Facility.

  • Thereafter, any expenditures made during the year pursuant to said agreed-upon budgets and/or any expenditures on an item-by-item basis exceeding by no more than 10"% the amounts set forth therein for the applicable expense item (the "Budget Threshold") may be made without Owner's prior approval.

  • Thereafter, any expenditures made during the year pursuant to said agreed-upon budgets and/or any expenditures on an item-by-item basis exceeding by no more than 10% the amounts set forth therein for the applicable expense item (the "Budget Threshold") may be made without Owner's prior approval.

  • Any unbudgeted expenditures and/or any expenditures in excess of the Budget Threshold shall be subject to Lessee's prior approval, which approval shall not be unreasonably withheld.

  • In the event the Earn Out Hurdle is met or exceeded in any particular Earn Out Year, the MHI Partnership shall receive as the Earn Out one hundred percent (100%) of the Pre-Tax Income for that Earn Out Year in excess of the Earn Out Hurdle up to an amount equal to that Earn Out Year's Minimum Pre-Tax Income Budget Threshold.

  • Thereafter, any expenditures made during the year pursuant to said agreed-upon budgets and/or any expenditures on an item-by-item basis exceeding by no more than 1 O% the amounts set forth therein for the applicable expense item (the "Budget Threshold") may be made without Owner's prior approval.

  • Thereafter, Manager shall be entitled to make or commit Lessee to make expenditures which are reflected in the Budgets, as well as expenditures which individually do not exceed 10% of the amounts set forth therein for the applicable expense item (the "Budget Threshold").

  • Thereafter, any expenditures made during the year pursuant to said budgets and/or any expenditures on an item-by-item basis exceeding by no more than l0% the amounts set forth therein for the applicable expense item (the "Budget Threshold") may be made without Owner's prior approval.

  • Accordingly, Owner agrees to provide the funds necessary to cover such expenses, provided such expenses are either included within the Budgets submitted to Owner pursuant to Section I(D)(12), or within the Budget Threshold (as defined in Exhibit A) or approved by Owner pursuant to Section I(D)(12).


More Definitions of Budget Threshold

Budget Threshold is the expenditure amount in total for each budget line item in the Budgets submitted to and approved by Owner pursuant to Section I(D)(12).
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Related to Budget Threshold

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.