Operating Budget has the meaning given in Section 3.11(a).
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.
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.
Examples of Operating Budget in a sentence
The Operating Budget for 2023 (taking into account the Tredegar Solar Acquisition) is attached as Exhibit I hereto.
Each Lender Party has received the Operating Budget required pursuant to Section 5.01(e)(i).
More Definitions of Operating Budget
Operating Budget shall have the meaning set forth in Section 5.1(r).