Budgeted Operating Expenses means, for any period, the Operating Expenses budgeted for such period as set forth in the Approved Budget or Interim Budget, as applicable.
Budgeted Operating Expenses means, with respect to any calendar month, (i) an amount equal to the Operating Expenses for such calendar month in the then-applicable Approved Annual Budget, or (ii) such greater amount as shall equal Borrower's actual Operating Expenses for such month, except that during the continuance of a Cash Trap Period such greater amount may in no event exceed 105% of the amount specified in clause (i), with no individual budget line item exceeding 110% of the amount set forth in the then-applicable Approved Annual Budget with respect to such line item for such month, in each case without the prior written consent of Lender, not to be unreasonably withheld or delayed, except no such consent or limitation shall apply to non-discretionary items such as insurance, utilities and charges under the Declaration or By-Laws.
Budgeted Operating Expenses means, with respect to any calendar month, (i) an amount equal to the Operating Expenses budgeted for such calendar month as set forth in the then-applicable Approved Annual Budget, or (ii) such greater amount as shall equal Borrower's actual Operating Expenses for such month, except that, the Budgeted Operating Expenses shall exclude any Operating Expenses which are to be paid in relation to the Hotel Property in accordance with the Approved Hotel Operating Agreement from the Manager Accounts or the Approved FF&E Account and during the continuance of a Trigger Period such greater amount as described in item (ii) above shall in no event exceed 105% of the amount specified in clause (i) of this definition without the prior written consent of Lender, not to be unreasonably withheld, delayed or conditioned, provided that no such consent shall be required in connection with expenditures for non‑discretionary items and expenditures required to be made by reason of the occurrence of any emergency (i.e., an unexpected event that threatens imminent harm to persons or property at the Property) and with respect to which it would be impracticable, under the circumstances, to obtain Lender's prior consent thereto.
Examples of Budgeted Operating Expenses in a sentence
If the cash portion of Non-Operating Reserves reaches a total equivalent to 25 percent of Ohio REALTORS’ Annual Budgeted Operating Expenses, this policy will be reassessed by the Finance Committee with recommendation made to the Directors, if any.
Actual Operating Expenses total $26,139, based on Budgeted Operating Expenses of $27,942; therefore the association is $1803 better than budget.
Budgeted Operating Expenses include 100% of the total salaries, retirement and healthcare costs.
Budgeted Operating Expenses are based on department manager requests.
Budgeted Operating Expenses Actual Through October, Operating Revenues vs.
More Definitions of Budgeted Operating Expenses
Budgeted Operating Expenses means, with respect to any calendar month, (i) an amount equal to the Operating Expenses for such calendar month in the then-applicable Approved Annual Budget, or (ii) such greater amount as shall equal Borrower's actual Operating Expenses for such month, except that during the continuance of a Trigger Period such greater amount, excluding amounts spent on Non-Discretionary Items, may in no event exceed 105% of the amount specified in clause (i), with no individual budget line item exceeding 110% of the amount set forth in the then-applicable Approved Annual Budget with respect to such line item for such month, in each case without the prior written consent of Lender, not to be unreasonably withheld or delayed.
Budgeted Operating Expenses means, with respect to any calendar month, (i) an amount equal to the Operating Expenses for such calendar month in the then-applicable Approved Annual Budget, or (ii) such greater amount as shall equal Borrower’s and/or Operating Lessee’s actual Operating Expenses for such month, except that during the continuance of a Trigger Period such greater amount may in no event exceed 105% of the amount specified in clause (i), with no individual budget line item exceeding 110% of the amount set forth in the then-applicable Approved Annual Budget with respect to such line item for such month, in each case without the prior written consent of Lender, not to be unreasonably withheld or delayed.
Budgeted Operating Expenses means the average monthly operating expenses of the Rig set out in the Budget.
Budgeted Operating Expenses means with respect to any calendar month, (i) an amount equal to the operating expenditures for such calendar month in the Approved Budget, or (ii) such greater amount as shall equal Borrower’s actual operating expenditures for such month, provided that such greater amount may in no event exceed 105% of the amount specified in clause (i) without the prior written consent of Lender, which, so long as no Event of Default has occurred and is continuing, shall not be unreasonably withheld or delayed.
Budgeted Operating Expenses means, with respect to any calendar month, (i) an amount equal to the Operating Expenses for such calendar month in the then applicable Approved Annual Operating Expense Budget, or (ii) such greater amount as shall equal Borrower’s and/or Operating Lessee’s actual Operating Expenses for such month, as notified by Borrower to Lender in writing not less than 10 Business Days prior to the applicable Payment Date, except that during the continuance of a Mezzanine Loan Event of Default such greater amount may in no event exceed 105% of the amount specified in clause (i), with no individual budget line item exceeding 110% of the amount set forth in the then applicable Approved Annual Operating Expense Budget with respect to such line item for such month, in each case without the prior written consent of Lender, not to be unreasonably withheld, delayed or conditioned.
Budgeted Operating Expenses means any anticipated fees and expenses payable by the Issuer on any Interest Payment Date to any Operating Creditor. “Operating Creditor” means any of (1) the Trustee and any agent, delegate or other appointee thereof, (2) any Receiver of the Issuer, (3) any Agent, (4) the Cash Administrator, (5) any director of the Issuer or the Parent (as defined below), (6) any stock exchange on which any of the Issuer’s Notes are listed, (7) the Issuer’s auditors and tax advisers or tax auditors, and any Chamber of Commerce fees payable by the Issuer, (8) any Rating Agency, (9) any independent experts or independent calculation agent appointed under the Credit Default Swap, and (10) any other creditor (other than the Noteholders, the Swap Counterparty or the Repo Counterparty) from time to time of the Issuer who has been notified to the Cash Administrator in accordance with the Cash Administration Agreement (and including any amounts of value added tax or other taxes, other than corporate income tax, due to any applicable revenue authorities). “Exceptional Expenses” means any fees, expenses, out of pocket expenses, costs, liabilities or indemnity amounts or any other amounts which are incurred or claimed by any Operating Creditor which are not Budgeted Operating Expenses and which are payable by the Issuer under a Transaction Document to which it is a party. “Initial Reference Portfolio Notional Amount” means the Maximum Reference Portfolio Notional Amount on the Closing Date, being EUR 10,000,000,000. “Transaction Documents” means the Trust Deed, the Deed of Charge, the Issuer Account Pledge, the Cash Deposit Account Pledge, the Dutch Tax Account Pledge, the Paying Agency and Agent Bank Agreement, the Subscription Agreement, the Master Definitions and Common Terms Agreement (each as defined in the Conditions), the Credit Default Swap, the Cash Deposit Agreement, the Repo Agreement and the Cash Administration Agreement. Available Redemption Funds Priority of Payments For so long as the Trustee has not delivered an Enforcement Notice (as defined in the Conditions), on any Interest Payment Date on which the Notes are to be redeemed in whole or in part or have been declared due and repayable in accordance with the Conditions, the Issuer shall apply Available Redemption Funds (as defined in the Conditions) as follows and in the following order of priority (the “Available Redemption Funds Priority of Payments”), in each case to the extent of Available Redemption Funds:
Budgeted Operating Expenses. The overhead and operating, expenses of the Partnership which relate to the day-to-day operation and maintenance of the Subject Amphitheaters such as salaries for employees and staff for the Subject Amphitheaters, utility costs for the Subject Amphitheaters, insurance costs relating to the maintenance of casualty and liability insurance for the Subject Amphitheaters, costs relating to maintenance, repair and upkeep of the Subject Amphitheaters and the personal property and equipment used in connection with the operation of the Subject Amphitheaters and costs for the purchase of office supplies and equipment. Notwithstanding anything to the contrary implied by the immediately preceding sentence, Show Expenses shall not be "Budgeted Operating Expenses" for purposes of this Agreement.