Proposed Annual Budget definition

Proposed Annual Budget shall have the meaning set forth in Section 13.7.
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Proposed Annual Budget means the proposed annual budget for all anticipated costs for owning, developing, operating, leasing, managing, financing, maintaining and repairing the Property and any other Company Assets, as well as revenue projections for rents, reimbursements for operating expenses and parking revenues, and otherwise with respect to the Company and each Subsidiary.
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Proposed Annual Budget shall have the meaning set forth in Section 3.10(a).
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Examples of Proposed Annual Budget in a sentence

  • The Class A Members shall have thirty (30) days to approve or disapprove the Proposed Annual Budget.

  • After its submission to the Board of Directors, the Proposed Annual Budget shall be reviewed at the next scheduled meeting or meetings (as may be required) of the Board of Directors, and amended in whole or in part in any manner deemed appropriate by the Board of Directors.

  • If the Class A Members disapprove of the Proposed Annual Budget, the Class A Members shall state in writing the reasons for such disapproval.

  • Prior to November 15 of each year, the Manager shall submit to the Class A Members an operating budget for the Company for the next fiscal year, which shall show in reasonable detail, for such next fiscal year compared to the current fiscal year, the Manager's best estimate of (a) rental and other revenue and (b) expenditures for debt services and all customary categories of operating expenses (the "Proposed Annual Budget").

  • Each party shall select a representative from time to time, and as notified to the other party in writing, for purposes of communications between Tenant and Manager with respect to the management and operation of the Facility, the Proposed Annual Budget, the Annual Budget and other matters requiring communication pursuant to the terms of this Agreement.

  • The Proposed Annual Budget for any Financial Year of the JV (as it may be so amended) shall then be submitted to the vote of the Board of Directors as provided in Section 3.05, after which it shall become, if approved by a Supermajority Vote, the Annual Budget for such Financial Year.

  • Proposed Annual Budget by Month, AFE's and other requests for expenditures not covered by an Approved Annual Budget by Month shall be submitted to the PLANT OWNERS for approval.

  • Manager shall develop and implement the overall business and marketing plans for the Facility, the parties agreeing that the marketing plan shall be subject to the approval of Tenant as part of each Proposed Annual Budget (as hereinafter defined).

  • By May 1 in each year of the Lease, Lessor will present Lessee with suggested items to include in the Proposed Annual Budget, including but not limited to, proposed capital improvements on any sites where the Lessee is the Most Dependent User.

  • The Board shall convene as soon as practicable thereafter to consider and approve the Proposed Annual Budget.


More Definitions of Proposed Annual Budget

Proposed Annual Budget for the next succeeding calendar year. The Proposed Annual Budget shall include, in reasonable detail: (a) the scope of maintenance and ordinary repair work; (b) proposed capital improvements; (c) the standards, (expressed as both performance specifications and the frequency), extent, and quality of services for maintenance and ordinary repairs, such standards to be not less than the level to which similar repair and maintenance is performed by Lessor elsewhere on the Property; and (d) the cost budget, including, but not limited to, Actual Fully Loaded Cost of labor, materials, goods, products, supplies and services, equipment, third-party contracted work, supervision and other line items as would typically be included in a maintenance and ordinary repair cost budget, including contingency, plus all other items of Pass Through Costs. Lessor agrees that, for each Proposed Annual Budget, the cost budget and all elements thereof shall be fair and reasonable and prepared in good faith. Budgeted capital improvements in excess of $50,000 will upon expenditure by a Party, and for purposes of Pass Through Costs billing, be generally amortized over the useful life of the applicable improvement (not to exceed 10 years) at prevailing market interest rates.
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Proposed Annual Budget means aproposed annual budget referred to in section 112. "prospective resident" of a retirement village means a person who indicates (or on whose behalf it is indicated) to the operator of the village that he or she is (or might be) interested in becoming a resident of the village. "proxy" of a resident of a retirement village means a person appointed by the resident for the purpose of voting on the resident's behalf at meetings of residents. "recurrent charge" means any amount (including rent) payable under a village contract, on a recurrent basis, by a resident of a retirement village.
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Proposed Annual Budget has the meaning set forth in Section 4.1. “Purchasing Fee” has the meaning set forth in Section 3.8.
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Proposed Annual Budget has the meaning given in Section 4.8.
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Proposed Annual Budget means, for each Fiscal Year from and after Fiscal Year 2017, each proposed budget of the Project for the ensuing Fiscal Year submitted by the General Partner to the other Partners pursuant to Section 6.4. 4 To be confirmed at signing.
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Related to Proposed Annual Budget

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

  • 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-

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

  • Capital 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.

  • 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.

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

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

  • 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.

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

  • 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.

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

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

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

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

  • 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.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

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

  • 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.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • 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.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

  • Independent expenditure means an expenditure by a person: