Initial Project Budget definition
Examples of Initial Project Budget in a sentence
If any Project is approved by the Partners, then until construction of such Project is completed, at least sixty (60) days before the end of each calendar year (commencing in the year of construction of such Project), the General Partner will prepare and deliver to the Partners for approval a proposed project budget for the immediately following calendar year (each such proposed project budget an “Annual Revised Project Budget” and collectively with the Initial Project Budget, the “Project Budget”).
Each proposed Annual Revised Project Budget will be in a format similar to the Initial Project Budget and will be in such detail and accompanied by such supporting material that is comparable to the detail and supporting material that was included in the Initial Project Budget and such additional detail and materials as are reasonably requested by the Class B Limited Partner.