Replacement Budget definition
Examples of Replacement Budget in a sentence
References to Yearly Budget shall be deemed to incorporate the Capital Replacement Budget unless specifically excluded.
Such budget may include provision for an operating budget, a business plan, and a Capital Replacement Budget.
If the Replacement is not anticipated by the Replacement Budget for the current Calendar Year, the Parties must approve the Replacement and the estimated cost thereof.
Replacements shall be paid for from the Reserve Fund Payments Account (each, a “Reserve Fund Expenditure”), and the Project Escrow Account Agreement shall provide, as follows: If the Replacement is anticipated by the Replacement Budget for the current Calendar Year, MCWD or MCWRA, as applicable, shall cause the Replacement to be paid from the Reserve Fund Payments Account.
BSB shall not incur any charges, expenses, fees or other costs during a Fiscal Year in excess of or in addition to the total budget amount for a Task Account set forth in the Capital Purchase, Repair and Replacement Budget then in effect without the concurrence of AR, which concurrence shall not be unreasonably withheld.
The Capital Improvement and Replacement Budget (as defined in the ForeGolf Management Agreement) provided by ForeGolf Manager pursuant to Section 4.3 of the ForeGolf Management Agreement shall be deemed to satisfy Tenant’s obligations to provide the Capital Reserve Estimate pursuant to Section 5.2.3 hereof.
BSB shall not incur any charges, expenses, fees or other costs in excess of or in addition to the total budget amount for any Groundwater Treatment System Capital Repair and Replacement set forth in an approved Groundwater Treatment System Capital Repair and Replacement Budget without the concurrence of AR, which concurrence shall not be unreasonably withheld.
Each Groundwater Treatment System Capital Repair and Replacement Budget shall specify the dollar amount for each quarterly distribution to be made by the Trustee to BSB during that Fiscal Year.
Each proposed annual Capital Improvement and Replacement Budget shall be prepared for each Property on a whole and on a departmental basis, if necessary, and include the projected Capital Expenditures for such Property for the upcoming Fiscal Year.
The projects on which the Capital Replacement Budget will be spent shall be determined in accordance with paragraph 2 of Part 4 of Schedule 4.