Committed Budget definition

Committed Budget means the committed advertising budget which the Client intends spending during the Committed Budget Period, as specified in the Approved Reference Documents;
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Examples of Committed Budget in a sentence

  • Should such Committed Budget be less than 10% more than the preceding year, Alphabet Soup shall, unless agreed otherwise by the parties in writing, be entitled to adjust the Alphabet Soup Commission such that its income increases by no less than 10% (ten percent) year on year.

  • The amount of the Tenant Allowance is $1,740,000, and the balance of the Landlord’s Committed Budget Price to be paid by Tenant (“Tenant’s Construction Cost Share”) is $2,610,000.

  • Accordingly, should the Client fail to spend its Committed Budget during any Financial Year, the Client shall be obliged to top up Alphabet Soup's Commission so that it is equal to the amount Alphabet Soup would have earned if the Client had spent its committed budget.

  • It is expressly agreed that Force Majeur events (defined herein) shall constitute Excused Delays and shall therefore be cause for extending the date for completion and delivery of the Premises to Tenant and/or increasing the Landlord’s Committed Budget Price.

  • The Landlord’s Committed Budget Price shall include the Contractor’s Fee (defined herein) but shall exclude the Architect’s Fee and the Tenant’s Construction Period Interest (defined herein).

  • The Landlord’s Committed Budget Price for the build out of the Landlord’s Work shall include all items of TI Work, and shall include a fee (the “Contractor’s Fee”) in the amount of thirteen and one quarter percent (13.25%) of the Cost of the TI Work, but shall exclude the Architect’s Fee, Tenant’s Construction Period Interest, and any portion of the Landlord’s Work that does not constitute TI Work.

  • Thereafter, the Parties and the Architect will work in good faith to address such Permitted Price Increase by (A) value engineering the TI Work, (B) redesigning the Intermediate or Final Plans to eliminate the material divergence, and/or (C) to the extent not addressed by clauses (A) and (B), to increase the Landlord’s Committed Budget Price by the Permitted Price Increase.

  • Based on the Preliminary Plans, Landlord has agreed to complete the TI Work at a cost not to exceed $4,350,000,000 (“Landlord’s Committed Budget Price”).

  • Except for cost overruns caused by Tenant and Excused Delays (defined herein), Landlord shall be responsible to the extent the Cost of the TI Work exceeds the Landlord’s Committed Budget Price (as adjusted pursuant to Section 3.5.C.).

  • The Landlord’s Committed Budget Price (as adjusted pursuant to Section 3.5.B.) shall be specifically agreed to by Eagleview pursuant to the Construction Rider.

Related to Committed Budget

  • Approved Budget means an annual budget-

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Capital Budget has the meaning given in Section 3.11(a).