Definition of Practice Budgets

  1. Practice Budgets means the annual operating and capital budgets prepared in good faith by Manager, in consultation with Practice, and reflecting in reasonable detail the anticipated Gross Revenue, Net Collections, Practice Expenses and expenses of Manager, and sources and uses of capital for growth in the Practice.

Examples of Practice Budgets in a sentence

  1. All such capital expenditures shall be made in accordance with the annual Practice Budgets prepared by Manager.

Definition of Practice Budgets in Management Services Agreement

Practice Budgets means the annual operating and capital budgets prepared in good faith by Manager, in consultation with Practice, and reflecting in reasonable detail the anticipated Gross Revenue, Net Collections, Practice Expenses and expenses of Manager, and sources and uses of capital for growth in the Practice.