Draft Budget definition

Draft Budget shall have the meaning set forth in Section 10.1.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Draft Budget has the meaning ascribed to such term in Section 4.4(a).

Draft Budget has the meaning specified in Section 3.1(a).

Examples of Draft Budget in a sentence

If the Executive Officers do not agree with any item of the Draft Budget, they will, within the same 20-day period, give the Manager notice of any inquiries to the Draft Budget, which notice will include the list of items under consideration (the “Questioned Items”) and a proposal for the resolution of each such Questioned Item.
If the Executive Officers do not present any Questioned Items within such 20-day period, they will be deemed to have accepted the Draft Budget and such Draft Budget shall be deemed to be the Approved Budget (as defined in Section 10.3).
SECTION 10.2. For a period of 20 days after receipt of the Draft Budget, the Executive Officers, from time to time, may request further details and submit written comments on the Draft Budget.
SECTION 10.3. By November 15 of the relevant calendar year (or such later date as the Manager and the Board of Directors deem appropriate), and to the extent that changes are required to the Draft Budget pursuant to Section 10.2, the Manager will prepare and deliver to the Parent a revised budget that has been approved by the Executive Officers (the “Approved Budget”).

More Definitions of Draft Budget

Draft Budget has the meaning given to that expression in Section C8.11 (Preparation of Draft Budgets).

Draft Budget has the meaning given to that term in Clause 8.2.

Draft Budget means the preliminary budget, prepared by the Vice-President Operations & Finance as well as the General Manager and presented to the Finance and Operations Committee, as described in By-Law #6.

Draft Budget shall have the meaning assigned to such term in Section 5.9.

Draft Budget has the meaning set forth in Section 8.3(b).

Draft Budget shall have the meaning set forth in Section 4(h)(i).

Draft Budget means the draft initial budget in the Agreed Form;