Commitment Budget definition

Commitment Budget means the encumbrance Budget loaded into the financial system which includes the Objects of Expenditure (OE) subject to Commitment Control. These OEs include 41000AB- Administrative, 44000AB-Operational and Supply, 50000AB- Ocupancy and Infrastructure, 52000AB- Equipment, Vehicles and Technology, 54000AB-Community Assistance, 56000AB- Partnership, Rebate, Exemption and the Work in Process account 18000;
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Examples of Commitment Budget in a sentence

  • Provide a budget status report detailing the Project Investment Commitment Budget (“PICB”) (for reference, see Schedule “B-1” for the Project Investment Commitment Budget) and actual Eligible Project Expenditures as applicable.

  • The Recipient shall promptly notify Ontario of any cost overrun or change orders that may have a Material Adverse Effect on the Project as compared with the Project Investment Commitment Budget, as set forth in Schedule “B-1”, attached hereto.

  • Capital Commitment Budget The Capital Commitment Budget shall consist of an itemization of commitments for each capital project equal to or in excess of $50,000 (large projects) and a combined total of all Items less than $50,000 (small projects) for the following calendar year.

  • The Recipient shall complete the Project on or before the Project Completion Date in accordance with the Project description, milestones and deliverables, timelines and Project Investment Commitment Budget, all as more particularly set out in Schedules “A-1” and “B-1”.

  • During the Interim Period, the Company and the Subsidiaries shall obtain Buyer’s prior written consent(which consent shall not be unreasonably withheld or delayed) before entering into any Capital Expenditure Commitments in any calendar month, which, in the aggregate, exceed the Capital Expenditure Commitment Budget for such calendar month.

  • The Capital Commitment Budget shall consist of an itemization of commitments for each capital project equal to or in excess of $25,000 (large projects) and a combined total of all Items less than $25,000 (small projects) for the following calendar year.

  • The Borrower shall promptly notify the Lender of any material cost overrun or change orders in the Project as compared with the Project Investment Commitment Budget, as set forth in Schedule “B”, attached hereto.

  • Ø Please use these Eligible Cost categories when preparing the Project Investment Commitment Budget.

  • The Parties shall each initially commit to contributing fifty percent (50%) of an aggregate funding amount that shall not exceed $[**] without approval by the JRDC, in accordance with the Initial PDP Workplan and the Initial Commitment Budget (as defined in the Initial PDP Workplan), to fund the Initial Commitment Activities (as defined in the Initial PDP Workplan), which Initial Commitment Activities shall consist primarily of certain [**] studies (the “Initial Commitment”).

  • The Recipient shall complete the Project on or before the Project Completion Date in accordance with the Project description, milestones and delivera- bles, timelines and Project Investment Commitment Budget, all as more particularly set out in Schedules “A-1” and “B-1”.

Related to Commitment Budget

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.