Initial Approved Budget definition

Initial Approved Budget means the Budget attached hereto as Exhibit B.

Initial Approved Budget shall have the meaning specified in Section 4.1(i).

Initial Approved Budget as defined in Section 3.1(t).

Examples of Initial Approved Budget in a sentence

• For all purposes hereunder, (i) the Initial Approved Budget shall constitute an “Approved Budget,” and (ii) any Approved Budget shall replace any prior Approved Budgets (including the Initial Approved Budget) for all Testing Periods ending after the approval of such Approved Budget.

• Borrowers shall remain in material compliance with the Initial Approved Budget and any subsequent Approved Budget for each Testing Period.

• The Initial Approved Budget is an integral part of this Final Order and has been relied upon by the DIP Secured Parties to provide the DIP Facility and consent to this Final Order and by the Existing RBL Secured Parties to permit the use of the Cash Collateral and consent to this Final Order.

• The Initial Approved Budget includes all reasonable and foreseeable expenses to be incurred by the Debtors for the applicable period, and is designed to provide the Debtors with adequate liquidity over such period.

• The Debtors represent that the Initial Approved Budget is reasonable under the facts and circumstances.

More Definitions of Initial Approved Budget

Initial Approved Budget means the approved budget attached hereto as Schedule IV and any amendments thereto that are reasonably approved by Lender.

Initial Approved Budget shall have the meaning set forth in Section 8.1.

Initial Approved Budget means the “Initial Approved Budget” as defined in the Financing Orders.

Initial Approved Budget has the meaning given such term in the Interim DIP Order.

Initial Approved Budget is defined in Section 5.1.9.

Initial Approved Budget has the meaning given to it in Section 3.01(m).

Initial Approved Budget as defined in Section 3.1(t). “Initial Cash Flow Forecast” as defined in Section 3.1(u).