Initial Operating Budget definition

Initial Operating Budget has the meaning specified in Section 3.01(a)(xiii).

Initial Operating Budget means, (a) with respect to Series A, an Operating Budget covering the 12-month period following the In-Service Date with respect to the Mainline Facilities, as approved by the Series A Management Committee on February 11, 2015, and (b) with respect to any other Series, an Operating Budget Covering the 12-month period following the In-Service Date with respect to such Additional Transportation Facility applicable to such Series, as approved by the applicable Management Committee in connection with the approval of such Additional Transportation Facility, in each case as may be amended from time to time.

Initial Operating Budget has the meaning set forth in Section 4.01(a)(i).

Examples of Initial Operating Budget in a sentence

• The Agent shall, within fifteen (15) days following receipt by it of the Initial Operating Budget, notify the Borrower whether or not the Majority Lenders have approved such Initial Operating Budget (such approval not to be unreasonably withheld or delayed) and whether or not the Lenders’ Technical Advisor has confirmed the reasonableness of the projected Operating Costs contained in the Initial Operating Budget.

• Initial Operating Budget to be prepared by the Parties prior to execution of this Agreement.

• On or prior to the date of this Contract, the Parties agreed to an Initial Operating Budget for the period from the Notice to Proceed through the end of Fiscal Year 2016 set forth in Exhibit W.

• No later than September 15 of the calendar year in which the Initial Operating Budget ends and by September 15 of each subsequent year, the Treasurer shall propose, for approval by the Members Committee, an operating budget for the operation of the Company for the next calendar year (the “Annual Operating Budget”).

• The Initial Operating Budget shall set out Project Costs and Finance Costs incurred or to be incurred up to the end of the Calculation Period starting on the next Scheduled Calculation Date.

More Definitions of Initial Operating Budget

Initial Operating Budget means an operating budget for the JV Company for each fiscal year during the period from the Closing through the end of the first fiscal year ending at least six months after the Closing in a form to be mutually agreed between the Parties.

Initial Operating Budget has the meaning set forth in Section 7.14.3.

Initial Operating Budget means, with respect to any Operating Project, a draft operating plan and a budget, substantially in the form of Exhibit N, detailed by quarter for such Project and the balance of the Projects in the portfolio, of anticipated revenues and anticipated expenditures, such budget to include maintenance, repair and operation expenses (including reasonable allowance for contingencies), reserves and all other anticipated O&M Costs for the Projects for the ensuing twelve months.

Initial Operating Budget means the initial annual operating budget of the Company that covers the remainder of the year ended December 31, 2009 at the time of adopting that includes reasonable detail on projections regarding revenues, operating expenses, general and administrative expenses, debt incurrence and interest expense and maintenance capital expenditures.

Initial Operating Budget is defined in Section 6.2.1.

Initial Operating Budget shall have the meaning as set forth in Section 10.1.

Initial Operating Budget has the meaning given in Section 3.1.20 of the Credit Agreement.