Property Budget definition

Property Budget. See Section 4.3.
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Property Budget means a schedule setting forth the proposed use or intended allocation of the Construction Funds with respect to the Required Work on the Property.
Sample 1
Property Budget means, with respect to each Property, the annual operating budget for such Property (as approved pursuant to Section 4.4), which shall include, but not be limited to, an annual operating budget, annual capital expenditures (to the extent applicable), annual leasing guidelines (to the extent applicable), Reserves and the amount of capital, if any, to be called by the Company during a Fiscal Year pursuant to such operating budget. For clarity, each Property Budget shall contain direct property level costs and expenses with respect to the applicable Property for the applicable Fiscal Year and shall not in any event include any overhead or other similar costs or expenses of the Administrator or the Property Manager.
Sample 1

Examples of Property Budget in a sentence

  • Bidders must develop a full annual operating and property budget for the OMH Funded SP-SRO housing units to be developed based on the operating funding amounts provided in Section 5.3.3. Use the “Projected Operating and Property Budget Form” ( Appendix B).

  • FINANCIAL IMPLICATIONS: Rental income to Council will be received in the Property Budget.

  • Use the OMH Operating and Property Budget (Appendix B) and the Budget Narrative (Appendix B1) to submit with your proposal.

  • Use the OMH Operating and Property Budget (Appendix B) and the Budget Narrative(Appendix B1) to submit with your proposal.

  • Organizational Chart, Demographic Statistics, Assessed Values of Taxable Property, Budget Calendar Process, Types of Funds Budgeted, How To Use This Budget Document, Notes and Comments, Fiscal and Budget Policies, and City Manager’s Priorities.

  • The budget responsibility for the property will then pass to the Surplus Property Budget.

  • OWNER hereby authorizes MANAGER to exercise such powers with respect to the Parking Facility as may be necessary for the performance of MANAGER’s obligations under the terms of this Agreement (subject in all cases to the Property Budget), and MANAGER accepts such appointment under the terms and conditions hereinafter set forth.

  • Add £5.0m to the Corporate Property Budget to give additional funding for the Adult Care 'Extra Care Housing Project'.Funding – Revenue Budget The following changes are proposed to fund the £12.084m.

  • MANAGER will not incur any expenses or make any expenditure except as expressly permitted in or by this Agreement and the Property Budget.

  • MANAGER covenants that it shall not enter into any new Manager Parking Facility Agreements or modify or amend any Manager Parking Facility Agreements, or purchase, lease or dispose of any Manager-Held Assets (including, without limitation, the Equipment) in the future, without obtaining the prior written consent of OWNER, in each instance, or unless set forth in the Property Budget.


More Definitions of Property Budget

Property Budget means, with respect to each Individual Property, a schedule prepared by and submitted by the applicable Individual Borrower and delivered to Lender setting forth the proposed use or intended allocation of the Initial Advance or Subsequent Advance, as the case may be, towards the Purchase Price, including Closing Costs, applicable to such Individual Property, any reserves required hereunder and any other cost or expense incurred in connection with the Properties, which shall be reasonably acceptable to Lender.
Sample 1
Property Budget means, for any period, the individual and consolidated budgets for expenditures by the Venture and each Subsidiary approved by the Investor for such period. Upon the approval of a budget by the Investor, such budget shall become the "Property Budget" for the period for which it is approved. If the Investor does not approve a proposed budget submitted by the Manager, the Property Budget, if any, for the prior period with respect to operating expense items (but not capital expenditures) shall be deemed to continue in effect for the current period with line items for non discretionary or negotiable expenses such as real estate taxes and utilities modified to reflect actual amounts for the period in question. The Manager shall submit to the Investor in conjunction with each provision of the Property Budget such information regarding proposed capital expenditures as the Investor may reasonably request, including plans and specifications, proposed construction schedule, proposed disbursement arrangements, multi-year capital plans, if appropriate, and description of arrangements for administration of work to be performed.
Sample 1
Property Budget means, for any period and Property, the budget for expenditures by the Venture (including expenditures by the respective Subsidiary) approved by the Venturers for such period and Property. "Consolidated Property Budget" means, for any period, the budget for expenditures by the Venture (including expenditures by all Subsidiaries) for all Properties approved by the Venturers for such period. The Developer and the Investor hereby approve as the initial Property Budgets for the Initial Properties the budgets attached hereto as Schedule 4.3A for the period from the commencement of the Venture until the end of the calendar year in which the Venture is formed. With respect to any Property under construction, during the development and construction of such Property, in lieu of a Property Budget there shall be a Construction Budget prepared by the Administrative Agent and Approved by the Venturers in form and substance. At least sixty (60) days prior to the completion of construction of any such Property, the Administrative Agent shall prepare and submit for approval by the Venturers an initial Property Budget. Upon the approval of a budget by the Venturers, such budget shall become the "Property Budget" for the period for which it is approved. If the Venturers do not approve a proposed budget submitted by the Administrative Agent, the Property Budget, if any, for the prior period with respect to good faith operating expense items (but not capital expenditures including, without limitation, tenant improvements) shall be deemed to continue in effect for the current period. The Administrative Agent shall submit to the Venturers in conjunction with each provision of the Property Budget such information regarding proposed capital expenditures to be incurred by the Venture as either Venturer may reasonably request, including plans and specifications, proposed construction schedule, proposed disbursement arrangements and description of arrangements for administration of work to be performed.
Sample 1
Property Budget shall have the meaning set forth in SECTION 2.8(b). 5
Sample 1

Related to Property Budget

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

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

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Project area budget means a multiyear projection of annual or cumulative

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Approved Budget means an annual budget-

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

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Development Budget means the cost categories listed on Pages 8 - 11 in Form 3 that are directly related to the proposed Project as submitted in the Application. Indirect or off-site costs not directly related to the development of the project are not valid or eligible costs.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • New Project means (a) each facility or operating location which is either a new facility, location or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, location or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Redevelopment project means a specific construction project

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.