Operating Budgets definition

Operating Budgets means, with respect to any Fiscal Year, a detailed projection of all estimated income, expenses and costs of the Borrower collectively for each month of such Fiscal Year based on projected operating expenses and other related overhead expenses during such Fiscal Year, as provided by the Borrower and approved by the Lender pursuant to ‎Section 6.01(k).

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Operating Budgets means, the Operating Budget for two (2) or more Properties or all of the Properties.

Operating Budgets means the budget attached as Annex A to the Bridge Notes, the Second Tranche Budget (as defined in the Bridge Notes) and the Third Tranche Budget (as defined in the Bridge Notes).

Examples of Operating Budgets in a sentence

• Charter School shall adhere to the provisions of the Charter School Annual Operating Budgets.

• Manager shall be authorized to access the accounts without the approval of TRSes, subject to any limitation on the maximum amount of any check, if any, established between Manager and TRSes as part of the Annual Operating Budgets.

• Lessee and Manager acknowledge and agree that the Annual Operating Budgets are merely forecasts of operating revenues and expenses for an ensuing year and shall be revised, by agreement of Lessee and Manager, from time to time as business and operating conditions shall demand.

• The Operating Member shall cause to be prepared, at the cost and expense of the Company, and delivered to each Member at such times as are determined by the Management Committee (or otherwise in accordance with the terms of this Agreement), the Annual Business Plans, the Operating Budgets, any and all periodic operating reports, and any and all other financial statements or reports requested from time to time by any representative of the Management Committee.

• Prepare and deliver Accounting Period Statements, Annual Operating Statements, Annual Operating Budgets, Building Estimates, FF&E Estimates, and such other budgets and reports as are required by this Agreement.

• The Existing Operator and such Representatives shall work together in good faith to cause the Operating Budgets for the Mainline Facilities to be approved by [***] of such year.

• All proposed Management Plans and Operating Budgets shall include, without limitation, leasing objectives for the next annual budget period, a marketing plan for the next annual budget period including the estimated costs of the marketing and promotional plans, a market analysis of the leasing market in which the Properties are located, and if requested by Owner, a review of the real estate taxes and assessed valuation and a recommendation concerning the merits of a tax appeal for the Properties.

• Unless provided otherwise in the Existing COM Agreement, on or prior to [***] of each year, the Existing Operator shall deliver draft annual Operating Budget(s) for the Mainline Facility for the following year to each of the Representatives of the Series A Management Committee Members, which Representatives will have [***] Days to provide comments (the “Series A Comment Deadline”) on such draft annual Operating Budgets (such comments, the “Series A Representative Budget Comments”).

• Unless provided otherwise in the Series B COM Agreement, on or prior to [***] of each year, the Operator under the Series B COM Agreement shall deliver draft annual Operating Budget(s) for Series B for the following year to each of the Representatives of the Series B Management Committee Members, which Representatives will have [***] Days to provide comments (the “Series B Comment Deadline”) on such draft annual Operating Budgets (such comments, the “Series B Representative Budget Comments”).

• MTC and ABAG will develop, present, seek approval for, and implement Operating Budgets and Work Plans as provided in Section [4].

More Definitions of Operating Budgets

Operating Budgets means the Development Budget and the Hotel Operating Budget.

Operating Budgets means the operating budgets for the Company Entities and the Project for the fiscal year 2025 attached hereto as Exhibit E (without giving effect to any amendments or other modifications thereto following the date hereof).

Operating Budgets of the Company shall mean the operating budgets for the Company which shall be prepared by the Managers with respect to the business plan and operating budget for the Company for each succeeding fiscal quarter. The initial Operating Budget for the Company is annexed hereto as Exhibit A.

Operating Budgets means the operating budgets for the Property and the Separate Property for the current and next calendar years, in form, substance and level of detail satisfactory to Lender.

Operating Budgets refer to these budgets collectively.

Operating Budgets means a four week budget showing each of the ----------------- following on a line item basis: (a) budgeted cash receipts (including as a result of the receipt of proceeds from Loans made hereunder), (b) anticipated disbursements and (c) Letters of Credit to be issued during the applicable period. The cash receipts and disbursements budgets within each Operating Budget must tie to the Global Budget then in effect. Revisions to Operating Budgets (and corresponding changes to the Global Budget) may be approved by the Majority Lenders in their sole discretion.