Conversion Budget definition

Conversion Budget means, in relation to a FSO, the budget to be provided by the Borrowers to the Agent on or before service of the first Drawdown Notice, in form and substance satisfactory to the Lenders, detailing, amongst other things, the time required for the Conversion Works to be completed, the total expense of such work and the timing of such expenses, as may from time to time be modified in accordance with Clause 11.19;
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Conversion Budget the budget of operating and capital costs forecast to be incurred by British Sugar in performing the Conversion Plan, as approved by the Parties pursuant to Clause 4.3.3.
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Examples of Conversion Budget in a sentence

  • Prior to the Commencement of any Conversion, CADC shall prepare for the Venturer's approval a Conversion Budget and Proforma (the "Conversion Budget").

  • Conversion Budget as of 5th August 2016 *** *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.

  • Skechers shall inform Prologis of the conclusion of these agreements.

  • The Parties shall constitute a Facility conversion project planning team as specified in Schedule 2 to appraise and define the scope of the conversion work, the specifications to which the conversion work is to be performed, to obtain quotes for the conversion work to be undertaken, to prepare the draft Conversion Plan and draft Conversion Budget and, once the Conversion Plan and Conversion Budget have been approved under Clause 4.3.3, oversee the execution of the Conversion Plan.

  • The factors to be considered by the Facility conversion project planning team when devising their draft Conversion Plan and draft Conversion Budget, including the agreed assumptions as to the timing of when capital and operational costs associated with the conversion of the Facility would be reimbursed, are set out in Schedule 2.

  • Prior to the Commencement of any Conversion, Royal Palm shall prepare for the Venture's approval a Conversion Budget and Proforma (the "Conversion Budget").

  • If no agreement can be reached within 1 week of the commencement of such discussions, the Agent’s decision to change or not change the Original Project Costs or the Conversion Budget (after consultation with the Lenders and subject to the consent of the Majority Lenders) shall be final and binding on the Borrowers Provided that the agreement of the Agent shall not be required for any changes in the Project Costs where the amount of the Excess shall be and is funded by a corresponding payment from Maersk.

  • Without limiting its obligations under Clause 11.18, the Borrowers will, as soon as they become aware of any change or prospective change in the Original Project Costs or to any detail of the Conversion Budget in either case resulting individually or cumulatively in an increase of the Project Costs or Conversion Budget of more than $16,000,000 from that incorporated and detailed in the Original Project Costs (an “Excess”), notify the Agent of such change in writing.

  • Following such notification, the Agent and the Borrowers will discuss such change or prospective change and, if so requested by the Borrowers and the Agent agrees, the Project Costs and Conversion Budget shall, for the purpose of this Agreement, be as amended by such change or prospective change to the Original Project Costs.

  • GW will not unreasonably withhold its consent to a requested change to the Conversion Plan or Conversion Budget requested under this Clause 5.3, but the principles specified in Clause 4.3.3 shall apply with respect to the allocation of responsibility for the additional costs.

Related to Conversion Budget

  • Wind-Down Budget means that certain budget governing the fees, expenses, and disbursements required for the Wind Down.

  • Conversion building means a building that at any time before creation of the common interest community was occupied wholly or partially by persons other than purchasers and persons who occupy with the consent of purchasers.

  • Conversion therapy means any practice or treatment as defined in § 54.1-2409.5 A of the Code of Virginia.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Conversion Schedule means the Conversion Schedule in the form of Schedule 1 attached hereto.