Budgeted Amounts definition
Examples of Budgeted Amounts in a sentence
Any Out of Budget Amounts shall be reimbursed by the Company pursuant to Section 4.2(c) to the extent such Out of Budget Amounts (i) are less than or equal to [***] of the Budgeted Amounts, and (ii) were not attributable to a failure by SpinCo to use Commercially Reasonable Efforts or the failure of SpinCo to adequately supervise a Third Party performing such activities or the negligence on the part of SpinCo with respect to such activity.
Subject to Sections 4.2(a) and 4.2(c), with respect to the conduct of all other Funded SpinCo Activities, including the conduct of any Post-Selection Enabling Activities conducted on behalf of Company, the Company shall reimburse SpinCo for (i) [***] of the Budgeted Amounts for FTE Costs for such Research Activities and (ii) Out-of-Pocket Expenses related and reasonably allocable to such Research Activities.
The Parties acknowledge that the Budgeted Amounts are anticipated to change each year during the term of this Agreement.
SpinCo shall promptly inform the Company in writing upon SpinCo determining that it is reasonably likely to overspend by more than [***] of the Budgeted Amounts for Out-of-Pocket Expenses for a calendar month with respect to the Funded SpinCo Activities, including Out-of-Pocket Expenses with respect to the conduct of any Post-Selection Enabling Activities (“Out of Budget Amounts”).
In no event shall the City be required to pay the Developer more than, with respect to the Acquisition Improvements constructed by the Developer, the greater of (A) the aggregate of the Budgeted Amounts for such Acquisition Improvements or (B) the amount on deposit in the Acquisition Fund available for such Acquisition Improvements.
No later than sixty days prior to the beginning of any calendar year, Buyers shall provide Seller a forecast (“Annual Forecast”) of the Resources necessary to satisfy their Provider of Last Resort Obligation, the Seller Resources to be purchased (which, for the avoidance of doubt, shall not exceed the Temporary Budgeted Amounts or Budgeted Amounts, as applicable, except for any off-peak energy supplied pursuant to Section 2), and their Committed Resources for that calendar year.
Schedule V(b) will be subject to update to include Assumed Assignor Alterations which become In Process Assignor Alterations between the date hereof and closing and to delete In Process Assignor Alterations which become Completed Assignor Alterations between the date hereof and closing; PROVIDED THAT the Budgeted Amounts with respect thereto shall remain the same.
Schedule V(a) will be subject to update to include In Process Assignor Alterations which become Completed Assignor Alterations between the date hereof and closing; provided that the Budgeted Amounts with respect thereto shall remain the same.
With regard to the foregoing, attached hereto as SCHEDULE V(A) are the Budgeted Amounts for each Completed Assignor Alterations which provides an estimated Completed Alteration Reimbursement Amount for each Completed Assignor Alteration (as of the date hereof).
Maximum Knoxville Capital Expenditures TABLE A Maximum Knoxville Year Budgeted Amounts Capital Expenditures ------------------------------------ ---------------- -------------------- 2002(a) ............................