Monthly Budgets Sample Clauses

The "Monthly Budgets" clause establishes a set financial limit or spending plan for each month within the scope of an agreement. It typically outlines how much can be spent or allocated during each monthly period, and may require parties to review, approve, or adjust the budget as needed. This clause helps control costs, ensures financial discipline, and provides predictability for both parties by preventing overspending and clarifying financial expectations.
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Monthly Budgets. Not later than April 30, 2001, a month-by- month budget of the financial condition and results of operations of Parent and its Subsidiaries for the Fiscal Year ending December 29, 2001 (covering in any event balance sheets, statements of cash flow and of income for each quarter and calendar month); in all instances in form, scope and substance reasonably satisfactory to the Agent; and Borrower shall cause such budget to be updated from time to time as material changes in the financial condition and results of operations of Parent and its Subsidiaries necessitate and shall promptly furnish or cause to be furnished to the Agent and each Lender a copy of any such updated budget; and
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Monthly Budgets. The Company’s management shall prepare and present to the Board of Directors rolling forward monthly budgets.
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Monthly Budgets. If, and for so long as Collateral Agent shall request, as soon as available and in any event within forty-five (45) days after the end of each January, February, April, May, July, August, October and November, Borrower will deliver or cause to be delivered to Collateral Agent any budgets, forecasts, projections or similar documents prepared by the Borrower prior to the end of such month that have not previously been so delivered.
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Monthly Budgets. No later than five (5) days prior to the start of each calendar month, an accounting of expenses to be paid, expenses accrued, expenses outstanding, and sources of cash for the Company and its subsidiaries in respect of such month, all itemized in reasonable detail, and, promptly after preparation, any revisions to any of the foregoing.
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Monthly Budgets. Borrower shall furnish Lender prior to the beginning of each consecutive period of six (6) months (commencing with the six (6)-month period commencing on the Closing Date) the following monthly budgets (each a “Monthly Budget”): (i) no later than thirty (30) days after the Confirmation Date a series of six (6) prospective monthly budgets for the initial six (6)-month period beginning on the Closing Date (the “Initial Monthly Budgets”) and (ii) no later than fifteen (15) days prior to the commencement of each consecutive six (6)-month period thereafter, a series of six (6) prospective monthly budgets for the applicable six (6)-month period; provided, however, should the Effective Date occur prior to the delivery of the Initial Monthly Budget, then the Monthly Budget provided to Lender by the Debtor shall continue in full force and effect and control until the Plan Administrator provides the Initial Monthly Budget. Each Monthly Budget shall be prepared by the Plan Administrator and accompanied by a certificate signed by the Plan Administrator to the effect that such Monthly Budget has been prepared based upon good faith estimates and assumptions believed to be reasonable at the time made, together with appropriate supporting details and a statement of underlying assumptions. Monthly Budgets shall be subject to the reasonable approval of Lender and each Monthly Budget submitted to Lender shall be deemed approved unless objected to by Lender in writing within five (5) Business Days after such Monthly Budget is submitted for approval.
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Monthly Budgets. As soon as available and in any event within thirty (30) days prior to the end of the current Monthly Budget, a Monthly Budget for each month in the immediately following three month period, which Monthly Budgets shall be acceptable to the Requisite Lenders in their sole discretion. In the event that no Lender objects to the proposed Monthly Budgets within 10 days following its receipt of such Monthly Budgets, such Monthly Budgets shall be deemed approved by the Requisite Lenders. In the event that any Lender objects to any Monthly Budget so provided, such Lender shall notify NTL, Company, Agent and each of the other Lenders no later than 10 days following its receipt of such Monthly Budget, and upon receipt of such notice, all Monthly Budgets shall be deemed to be not approved until approved in accordance with the provisions of this Section 5.1(f). Following receipt of such notice, the Lenders, NTL and the Company shall cooperate to negotiate Monthly Budgets acceptable to the Requisite Lenders in their sole discretion and reasonably acceptable to NTL and the Company. If the Requisite Lenders approve all or any of such Monthly Budgets, as amended with the consent of NTL and the Company, then such Monthly Budget or Monthly Budgets shall be deemed approved. If the Requisite Lenders fail to approve any Monthly Budget before the first day of the month to which such Monthly Budget relates, then the Company shall not be entitled to withdraw funds from the Disbursement Account pursuant to Section 2.2(c) until the Requisite Lenders approve a Monthly Budget for such month.
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Related to Monthly Budgets

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Annual Budget For the partial year period commencing on the date hereof, and for each calendar year thereafter, the Borrower shall submit to Lender an Annual Budget not later than sixty (60) days prior to the commencement of such period or calendar year in form reasonably satisfactory to Lender, or for so long as an Operating Lease remains in effect, no later than five (5) Business Days after a budget is delivered to Borrower by an Operating Lessee pursuant to the terms of an Operating Lease. The Annual Budget submitted for the calendar year in which a Trigger Event occurs, and for each calendar year thereafter during a Trigger Period, shall be subject to Lender's written approval, which approval shall not be unreasonably withheld (each such Annual Budget as approved by Lender, an "Approved Annual Budget"). In the event that Lender objects to a proposed Annual Budget submitted by Borrower or an Operating Lessee, Lender shall advise Borrower of such objections within thirty (30) days after receipt thereof (and deliver to such party a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, such Annual Budget and resubmit the same to Lender. Lender shall advise Borrower of any objections to such revised Annual Budget within ten (10) days after receipt thereof (and deliver to Borrower a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, the same in accordance with the process described in this subsection until the Lender approves the Annual Budget. Until such time that Lender approves a proposed Annual Budget, the most recently Approved Annual Budget shall apply; provided that, such Approved Annual Budget shall be adjusted to reflect actual increases in real estate taxes, insurance premiums and utilities expenses.

  • Budget 1. The Grantee budget for grant activities for the 2023 Summer Program and State fiscal year 2024 is $ 1,000,267. Any funds received under this grant will not be used to supplant funds normally budgeted for programs or service of the same or similar type. 2. The Grantee may transfer funds among its administrative budget line items as required to carry out the purposes of the grant. Transfer of funds within specified budget categories do not require approval from OSHE (i.e. moving funds from one counselor position to pay for another), however, any transfer of funds from one category to another will require prior approval from OSHE and will be treated as a modification to the program’s contract Attachment. 3. Any request for a budget modification must be in writing and must include a revised budget. All budget revisions and modifications must be in accordance with the EOF Regulations, Section N.J.A.C. 9A:11-6.11. The Grantee will be liable for all unapproved debts.

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and each Secured Debt Holder Group Representative with a copy of such operating plan and budget (the "Operating Budget"). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Common Security Trustee, acting reasonably and in consultation with the Independent Engineer; provided, that if the Common Security Trustee shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided further that the Common Security Trustee shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget. (b) Each Operating Budget delivered pursuant to this Section 6.12 shall contain Operating Budget Categories, and shall specify for each Fiscal Quarter and for each such Operating Budget Category the amount budgeted for such category for such Fiscal Quarter. (c) Each Operating Budget may only be amended with the prior written consent of the Common Security Trustee (in consultation with the Independent Engineer), which consent shall not be unreasonably withheld, conditioned, or delayed.

  • Projected Operating Budget Furnish Agent, no later than thirty (30) days prior to the beginning of Borrower’s fiscal years commencing with fiscal year 2010, a month by month projected operating budget and cash flow of Borrower on a condolidated and consolidating basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.