Budgeted Expense definition

Budgeted Expense means any cost or expense incurred by Operator in the performance of the Services (excluding, for avoidance of doubt, the costs and expenses related to fuel for the Project) which has been approved by the Management Committee in the Mobilization Phase Budget or the Annual Budget, as applicable, or in any revision thereto which has been approved by the Management Committee in accordance with this Agreement.
View Source
Budgeted Expense means for any month the amount shown for such month (regardless of year) in the Total Expense line of the 2018 Fiscal Year Budget, with any partial month prorated.
View Source
Budgeted Expense has the meaning set forth in Section 4.02(b).
View Source

Examples of Budgeted Expense in a sentence

  • The Borrowers shall not utilize the Tranche A Overadvance Loans to make any expenditure which is not a Budgeted Expense as set forth in the Budget, or which is not set forth on a revised and updated Budget that has been preapproved by the Required Overadvance Banks in their reasonable discretion.

  • If the Cash Manager determines that the amounts on deposit in the Budgeted Cash Account are not sufficient to pay such Budgeted Cash Amount in full, the Cash Manager shall make a Budgeted Expense Shortfall Drawing in accordance with Section 3.14(a)(ii), and if the then Available Budgeted Cash Amount is insufficient to pay such Budgeted Cash Amount in full, the Cash Manager shall direct the Trustee as provided in Section 3.01(f).

  • The aggregate amount of all Monthly Expense Items for any given calendar month, including the contingency amount for such month, is referred to herein as the “Monthly Budgeted Expense Amount” for such calendar month.

Related to Budgeted Expense

  • Covered Expense means expense incurred only for the following:

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Rental Expense means, for any period, the aggregate amount of rental expense according to GAAP with respect to leases of real and personal property (but excluding obligations in respect of Capital Leases) for such period.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.