Operating Disbursements definition

Operating Disbursements means those expenses included in the line items of the Budget under the category “Operating Disbursements”.

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Operating Disbursements means disbursements (including, for the avoidance of doubt, capital expenditures), other than disbursements on account of Professional Fees, income Taxes, deposits made to utilities pursuant to an order of the Bankruptcy Court, checks outstanding on the Petition Date that are re-issued in accordance with an order of the Bankruptcy Court, Adequate Protection paid to the Prepetition First Lien Lenders in accordance with the DIP Orders, and interest and fees paid in accordance with this Agreement.

Operating Disbursements means the sum of all cash disbursements made by the Borrower and its Subsidiaries during the relevant period of determination, as set forth on, and determined in a manner consistent with, the Approved Budget.

Examples of Operating Disbursements in a sentence

• Each Owner shall be responsible for (but shall not be obligated to fund) all Operating Disbursements and Direct Reimbursement Expenses in respect of its Facility; provided that any failure by an Owner to provide such funding shall relieve Manager of any obligation hereunder for which there is no Availability of Funds.

• If funds shall not be sufficient to make applicable disbursements for Operating Disbursements or Direct Reimbursement Expenses, Manager shall promptly notify Owner Agent and Owner Agent shall promptly provide the required funds, subject to the terms of this Agreement.

• Subject to availability of adequate funds in such accounts, Manager shall withdraw from such accounts such funds as may be necessary to pay such Owner’s Operating Disbursements and Direct Reimbursement Expenses in accordance with the Budget.

• Manager shall promptly notify Owner Agent of any actual or anticipated variance from the amounts budgeted for Operating Disbursements and Direct Reimbursement Expenses, the reasons therefor and Manager’s recommendations with respect thereto.

• The initial Approved Budget shall depict, on a weekly basis, cash receipts, expenses, and disbursements, net cash flows, inventory receipts, sales and costs of sales at stores being closed and proposed to be closed, Total Cash Receipts, Total Operating Disbursements, Total Non-Operating Disbursements, Professional Fees, the projected Borrowing Base, Availability and the other items set forth therein, for the first thirteen (13) week period from the Closing Date.

• Income 63.00 -------------- 34,615.72 ============== Schedule 8 - Other Operating Disbursements ------------------------------------------ As stated in Note 2, Venus maintains its books and records on the accrual method of accounting.

• As of any Testing Date, for the Testing Period ending on such Testing Date, the Company shall not allow the aggregate Operating Disbursements made by the Loan Parties and their Subsidiaries during such Testing Period to be greater than 115% of the aggregate Operating Disbursements for the Loan Parties and their Subsidiaries set forth in the Budget for such Testing Period plus any accrued but unused Carryforwards (the variances described in the foregoing clauses (i) and (ii), the “Permitted Variances”).

• The Budget sets forth the budgeted amounts for all Operating Disbursements and Direct Reimbursement Expenses and for Allocated Expenses and Asset Management Fee.

• Beginning September 27, 2008 and on a weekly basis thereafter, allow the Borrower’s and Guarantors’ cumulative actual cash disbursements beginning September 14, 2008, to vary by greater than fifteen percent (15%) from the Total Operating Disbursements and Total Non-Operating Disbursements provided for such period in the Borrower’s Forecast attached as Exhibit 1, unless such variance is a result of Total Operating Disbursements and/or Total Non-Operating Disbursements being less than forecasted.

• Any such carryover spend will also be deducted in determining the Borrower’s compliance with expenditures for Total Operating Disbursements.

More Definitions of Operating Disbursements

Operating Disbursements means disbursements other than disbursements on account of professional fees, deposits made to utilities pursuant to an order of the Bankruptcy Court, checks outstanding on the Petition Date that are re-issued in accordance with an order of the Bankruptcy Court, adequate protection and fees paid to the Existing First Lien Lenders in accordance with the DIP Order, and interest and fees paid in accordance with this Agreement.

Operating Disbursements means disbursements (including, for the avoidance of doubt, capital expenditures), other than disbursements on account of Professional Fees, income Taxes, deposits made to utilities pursuant to an order of the Bankruptcy Court, checks outstanding on the Petition Date that are re-issued in accordance with an order of the Bankruptcy Court, and interest and fees paid in accordance with this Agreement.

Operating Disbursements means the Borrower’s and its Subsidiaries’ consolidated cash operating disbursements.

Operating Disbursements for any period, shall mean all cash disbursements, whether for operating expenses, capital expenditures or otherwise of the Administrative Borrower and its Restricted Subsidiary for such period, calculated in a manner consistent with the calculation of “Total Operating Disbursements” as set forth in the initial Approved Budget, but excluding, in each case, any such disbursements for professional fees or financing disbursements (including fees, costs and expenses) related to any Indebtedness of the Credit Parties and their Subsidiaries.

Operating Disbursements means the line item marked as “Operating Disbursements” set forth in the 13-Week Cash Flow Forecast.