First Budget definition
Examples of First Budget in a sentence
JVCo entering into any joint venture, partnership, profit sharing agreement, consolidation, merger, amalgamation, collaboration or major project not included in the First Budget or Budget where the expenditure would exceed USD 250,000 or its equivalent in any other currency (inclusive of VAT) per transaction.
The First Budget shall also include a working capital reserve of one (1) month's operating expenses.
The Members inability to approve the First Budget within ninety (90) days after the Closing Date shall trigger a Portfolio Impasse, entitling any Member to send a Buy/Sell Notice.
Within ten (10) days after the date hereof, each Unit Owner shall pay to the Board of Managers the amount of such Unit Owner's Expenses attributable to the reserves set forth under the First Budget and as set forth in the initial Board of Managers Statement.
The First Budget and the Second Budget for any applicable period being sometimes referred to as the “Budget”.
If Purchaser's Capacity is changed pursuant to paragraph 8, the value of the associated PC factor used in the determination of Purchaser's Estimated Subsegment A1 O&M and Administrative and Other Charges for the First Budget Year and Purchaser's Estimated Subsegment A1 O&M and Administrative and Other Charges for any subsequent Budget Year will be changed by a like amount as of the date on which such change in Purchaser's Capacity occurs.
In order to comply with the Freedom First Budget Act, all fire certified 18 effective October 1, 2022, therefore, all members of the Firefighter classification Level 1 and up 19 shall receive an additional $1,550.00 base pay raise to be reflected in the Pay Plan (“FFBA Pay”).
Charges for the PTAT-1 Submarine Cable The period from the first (1st) day of April, 1993 to the thirty-first (31st) day of March, 1994 is referred to herein as the "First Budget Year", and the First Budget Year and each period from the first (1st) day of April to the following thirty-first (31st) day of March in each subsequent year is individually referred to herein as a "Budget Year".
Incorporating any subsidiary of JVCo or establishing any new branch, agency, trading establishment, business or outlet not provided for In the First Budget or Budget.
Purchaser's Estimated Subsegment A1 O&M and Administrative and Other Charges for the First Budget Year will be payable by Purchaser in quarterly installments commencing with the quarter during which this Agreement is executed.