Corporate Budget definition

Corporate Budget has the meaning set forth in Section 16(a).
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Corporate Budget shall have the meaning given thereto in Section 5.01(a).
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Corporate Budget means the corporate budget for non-Project expenditure of the Borrower and the Guarantors for a period of 18 months or any other period approved by the Agent;
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Examples of Corporate Budget in a sentence

  • Corporate Budget and Management Control Overhead expenses budget for the period is pro-rated.

  • Corporate Budget and Management Control Overhead expenses for the previous half year are pro-rated.

  • A Transaction Party must not amend or change the Corporate Budget in any material respect without the Agent’s prior written consent (not to be unreasonably withheld or delayed).

  • Closing Corporate Budget or the Updated Corporate Budget, as applicable, except with the prior written consent of the Majority Lenders, not to be unreasonably withheld.

  • Common Member shall submit to Preferred Member within ten days of the date of this Agreement a Proposed Corporate Budget for 2023 for Preferred Member’s approval, provided, however, the line item in such budget for “Broad Street Net Expense Budgeted Amount” shall not be greater than the amounts set forth on Exhibit P attached hereto.

  • With respect to each subsequent fiscal year, Service Provider shall prepare and provide a Property Roll-Up Budget and Corporate Budget to the Board for approval not later than December 1 of the prior fiscal year (until approved pursuant to this Section 16(a), each, a “Budget” and, once approved, an “Approved Budget”).

  • With respect to each subsequent fiscal year, if requested by the Board, the Service Provider shall prepare and provide a Corporate Budget to the Board for approval at such times as may be reasonably requested by the Board.

  • A Transaction Party must not amend or change the Corporate Budget in any material respect without the Agent’s prior written consent (acting on the instructions of all Financiers), which consent must not be unreasonably withheld or delayed.

  • Make any Capital Expenditures other than Capital Expenditures related to the Project and as set forth in the Closing Corporate Budget or the Updated Corporate Budget, as applicable, except as permitted under the Senior Loan Documents and the Loan Documents.

  • Corporate Budget the consolidated corporate budget for non-Project expenditures of the Borrower and Group through the end of 2009 to be provided in accordance with clause 2.1(f).


More Definitions of Corporate Budget

Corporate Budget. Section 5.1 "DEFERRED RESTRICTED SHARES" Section 2.1(g)
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Corporate Budget has the meaning specified in Section 5.02(m).
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Related to Corporate Budget

  • 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.

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

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

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

  • 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.

  • 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.

  • Approved Budget means an annual budget-

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

  • CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Discretionary Capital Expenditures.

  • Research Budget has the meaning set forth in Section 4.2.

  • 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.

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • 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.

  • 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:

  • Business Plan means the information required to be supplied to the

  • 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 cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • 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.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Budgets has the meaning set forth in Section 2.12(b).

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