Operating Budget definition

Operating Budget has the meaning given in Section 3.11(a).

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Operating Budget has the meaning set forth in Section 8.5.

Operating Budget means, with respect to any Fiscal Year, the operating budget for the Mortgaged Property reflecting Borrower’s projections of Gross Revenues and Property Expenses for the Mortgaged Property for such Fiscal Year and on an annual and monthly basis and submitted by Borrower to Lender in accordance with the provisions of Section 5.1(r)(viii), which Operating Budget shall include, as a component thereof, a Working Capital Budget.

Examples of Operating Budget in a sentence

The Co-Issuers may make changes to the Operating Budget at the time of the addition of any Additional Data Centers to reflect the budgeted Operating Expenses reasonably determined by the applicable Manager for such Additional Data Centers, with the budgeted Operating Expenses for the calendar month and year of such addition being adjusted pro rata based on the period from the date of addition of such Additional Data Centers through the last day of such calendar month or such year, as applicable.
On or before March 31 of each year, the Co-Issuers shall deliver to the Indenture Trustee and the Servicer the Operating Budget (in each case presented on a monthly and annual basis) for such calendar year.
Notice of any material modifications to the Operating Budget shall be delivered to the Indenture Trustee and the Servicer within 30 days after such modification is made.
The Operating Budget will be delivered to the Indenture Trustee and the Servicer for the Indenture Trustee’s and Servicer’s information only and shall not be subject to the Indenture Trustee’s or Servicer’s approval; provided that the Co-Issuers shall cause each such budget to be delivered in a form consistent with the budgets delivered to the Servicer on or about the Initial Closing Date.

More Definitions of Operating Budget

Operating Budget means the operating budget for the Project prepared and delivered in accordance with Section 5.10.

Operating Budget means the annual operating budget which sets forth the detail and summary of anticipated receipts and disbursements for the upcoming fiscal year.

Operating Budget means the Recipient’s 2020 operating budget

Operating Budget has the meaning assigned to such term in Section 7.05(a)(A) of this Agreement.

Operating Budget is defined in Section 2.05.

Operating Budget means, collectively, for any period, the Borrowers' budgets setting forth the Borrowers' best estimate, after due consideration, of all Operating Revenues and Operating Expenses and any other revenues, costs and expenses for each of the Properties for such period, which budgets have been approved by Lender in accordance herewith, as same may be amended pursuant to Section 5.1(D) hereof.

Operating Budget which shall set forth, among other matters, anticipated cash income and expenditures and reserve additions for such Fiscal Year;