Applicable Budget definition

Applicable Budget shall have the meaning assigned to such term in Section 9.17(a).
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Applicable Budget means the annual budget for the Company for the applicable 2020 Earnout Period or 2021 Earnout Period. The Applicable Budget for the 2020 Earnout Period is attached hereto as the first two columns of Exhibit 2.8(c) and the Applicable Budget for the 2021 Earnout Period shall be mutually agreed upon by Purchaser and Management and shall have an annual EBITDA of no less than $18.3 million. No representation or warranty is made as to Company’s ability to achieve the Applicable Budget and the Applicable Budget is no guarantee of performance.
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Applicable Budget means (x) for calendar year 2002, the budget documentation approved by the Holdco Board and submitted to XX Xxxxxx Chase as provided under the Companies' Senior Secured Credit Facility with XX Xxxxxx Xxxxx and (y) for any subsequent calendar year, the corresponding budget documentation approved by the Holdco Board and submitted to the Companies' senior secured lender(s) or, if no such documentation is submitted or if such documentation fails to set forth quarter-end EBITDA and FCF targets, the budget documentation for such year approved by the Holdco Board for the Companies' financial planning and corporate planning purposes. The Holdco Board shall approve an Applicable Budget for each calendar year during the Term.
Sample 1

Examples of Applicable Budget in a sentence

  • All material facts in the Applicable Budget are accurate and the Borrower has disclosed to each Lender all assumptions in the Applicable Budget, it being understood that in the case of projections, such projections are based on reasonable estimates, on the date as of which such information is stated or certified.

  • The Borrower shall have delivered to the Lenders an Applicable Budget in form and substance satisfactory to the Required Lenders.

  • Mechanisms of effective law enforcement and justice are needed to be added to any legal framework.

  • That section states, “the Loan Parties and their Subsidiaries shall use the Loan proceeds only for the purposes set forth in Section 3.20 and in a manner generally consistent with the Applicable Budget .

  • RESOLUTION AUTHORIZING THE FILING OF THE TOWN’S 2012-13 AMENDED ACTION PLAN FOR THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM AND APPLICABLE BUDGET ADJUSTMENTS: Resolution No. 4758: MOTION: Councilmember Scott moved, seconded by Councilmember Chambers, the Council Adopt the Resolution Authorizing the Filing of the Town’s 2012-13 Amended Action Plan for the Community Development Block Grant (CDBG) Program and Applicable Budget Adjustments.

  • For further discussion on user fees and budget procedures, see CRS Report RS20439, User Fees: Applicable Budget Enforcement Procedures, by Bill Heniff Jr.

  • Upon doing so a Message Tickler will open that says Update Applicable Budget a.

  • See Applicable Budget Justification Worksheets for Details Please indicate if your agency is:Certified Minority Owned Business Certified Women Owned Business Buy Indiana Entity For more information, please visit the Indiana Department of Administration website: http://www.in.gov/idoa/INDIANA DEPARTMENT OF CHILD SERVICESBUDGET PERIOD: JULY 1, 2016--JUNE 30, 2018EXPLANATION OF PRO FORMA BUDGET WORKSHEETSComplete the pro forma budget for one year.

  • The following approvals are required: Travel DestinationRequired ApprovalsAll TravelImmediate Supervisor Applicable Budget Head Applicable Vice PresidentForeign Travel(Travel outside of the U.S. to foreign countries; not U.S. possessions, Canada or Mexico.)President or his/her designee(3 weeks prior to trip) Note: Prairie View A&M University (PVAMU) does not allow foreign travel on state funds.

  • See Applicable Budget Justification Worksheets for Details Please indicate if your agency is:Certified Minority Owned Business Certified Women Owned Business Buy Indiana Entity For more information, please visit the Indiana Department of Administration website: http://www.in.gov/idoa/INDIANA DEPARTMENT OF CHILD SERVICESBUDGET PERIOD: JULY 1, 2012--JUNE 30, 2013EXPLANATION OF PRO FORMA BUDGET WORKSHEETSComplete the pro forma budget for one year.


More Definitions of Applicable Budget

Applicable Budget means any operating or capital budget approved by the Representatives and covering the fiscal period in question.
Sample 1
Applicable Budget from the Closing Date until the Final Budget is approved as provided herein, the Initial Budget, and thereafter the Final Budget.
Sample 1

Related to Applicable 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.

  • Approved Budget means an annual budget-

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

  • 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.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

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

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

  • DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

  • 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.

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

  • 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.

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

  • Research Budget has the meaning set forth in Section 3.2.

  • 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.

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

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

  • Prospective budgeting means the determination of eligibility and the amount of assistance for a calendar month based on the best estimate of income and circumstances which will exist in that calendar month.

  • 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.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.

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

  • Approved program or "approved state" means a state or interstate program that has been approved or authorized by EPA under 40 CFR Part 123 (2000).

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows: