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

Subject to Section 5.20(b), Borrower shall, no later than thirty (30) days after the commencement of each calendar year (beginning with calendar year 2024), submit to the Administrative Agent (i) its Operating Budget for such calendar year and (ii) its updated Financial Projections with projections made on a quarterly basis.
The Administrative Agent shall have received updated Financial Projections and an updated Operating Budget.
Borrower may from time to time adopt an amended Operating Budget for the remainder of any calendar year to which the amended Operating Budget applies, and such amended Operating Budget shall be effective as the Operating Budget for the remainder of such calendar year upon the consent of the Administrative Agent.
Each Operating Budget delivered pursuant to Section 5.20(a) shall not be effective until approved by the Administrative Agent.
Copies of each final Operating Budget adopted shall be furnished to the Administrative Agent promptly upon its adoption.

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 shall have the meaning specified in Section 4.07(e).

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.