Definition of Monthly Operating Expense Budgeted Amount


Monthly Operating Expense Budgeted Amount means the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the calendar month in which such Monthly Payment Date occurs.
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Examples of Monthly Operating Expense Budgeted Amount in a sentence

During a Trigger Period, such Excess Management Fees shall not be included in the Monthly Operating Expense Budgeted Amount or otherwise disbursed to Borrower.