Operating Budget definition

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

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

• Manager shall utilize amounts in the Replacement Reserve to fund repairs, capital expenditures and other costs in the Annual Operating Budget.

• Included in the Annual Operating Budget, shall be an Owner’s management fee in the amount of $20,000 per year, increasing annually thereafter by 3%, which Manager shall pay annually to Owner as defined in the Operating Agreement.

• Manager shall prepare and submit a proposed Operating Budget and capital improvement budget annually for the ensuing year.

• In preparing each proposed Annual Operating Budget, Manager shall use its best efforts to take into account anticipated increases in utility charges and other operating costs.

• The Annual Operating Budget shall include a schedule of recommended rents to be charged for each rental unit, including recommended Rent increases with respect to Lease renewals and new Leases.

More Definitions of Operating Budget

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

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