G&A Budget definition

G&A Budget has the meaning assigned to such term in Section 7.13(e).

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G&A Budget is defined in Section 4.16.

G&A Budget means the Initial G&A Budget or any general and administrative expense budget of the Company subsequently approved by the Board of Managers pursuant to Section 5.4(c) or otherwise in effect pursuant to Section 9.4 .

Examples of G&A Budget in a sentence

• If the G&A Budget is not approved by the Board of Directors, then the G&A Budget for the prior year will apply.

• Any change in the G&A Budget that exceeds 10% of the G&A Budget for the prior year shall require the unanimous approval of any members of the Board of Directors affiliated with Copano Partners, the CSFB Entities or the EnCap Entities, which approval shall not be unreasonably withheld.

• Any adjustments to an approved G&A Budget that exceed 5% of the approved amount for any particular item in the G&A Budget, or any collective adjustments to an approved G&A Budget that exceed 10% of the total approved G&A Budget, shall require the unanimous approval of any members of the Board of Directors affiliated with Copano Partners, the EnCap Entities or the CSFB Entities, which approval shall not be unreasonably withheld.

• Consultant shall not (a) make any payments on the Company’s behalf without the prior written consent of the Parent or (b) permit the Company to incur any liabilities that are in excess of those set forth in the G&A Budget delivered to the Parent pursuant to the terms of the Business Combination Agreement.

• Allow the G&A Expenses of Borrower to exceed the amounts set forth on the G&A Budget for the relevant time period or allow the G&A Expenses to exceed an aggregate of $700,000 per calendar quarter.

• In the event the Initial G&A Budget is utilized for purposes of determining the G&A Budget for any subsequent Fiscal Year, the Initial G&A Budget will be adjusted to take into the account that it reflects the budget for only a portion of the 2010 fiscal year prior to utilizing such budget to determine the Permitted G&A Budget Rollover Increase.

• The books and records of the Company shall be updated from time to time to reflect any additional Capital Contributions made by a Member after the first date on which such Member made Initial Capital Contributions, including any Capital Contributions made in respect of the G&A Budget and any other operating expenses of the Company funded by Nassau Machines, Inc.

• Following the Closing, the business of Americana Liberty, LLC (“Americana Liberty”) shall be operated in accordance with the Consulting Agreements and the G&A Budget.

• On or before May 1st in each year, commencing, May 1, 1998, BPL shall submit to CEI a proposed G&A Budget for approval by the Parties by June 1st.

• If the G&A Budget is not approved by the Board of Directors, then the prior year's G&A Budget will apply.

More Definitions of G&A Budget

G&A Budget means each of the budgets established annually pursuant to Article IV hereof to provide for BPL G&A, as such budgets may be amended from time to time pursuant to this Agreement.

G&A Budget means with respect to any fiscal year, the annual general and administrative expense budget for the operation of the Investments prepared by Ashford and approved by the Executive Committee.

G&A Budget has the meaning specified in Section 4.05 of this Agreement.

G&A Budget means the Initial G&A Budget or any general and administrative expense budget of the Company subsequently approved by the Board of Managers pursuant to Section 5.4(c) or otherwise in effect pursuant to Section 9.4.

G&A Budget shall have the meaning set forth in Section 10.2(v).