Projected Budget Clause Samples
The Projected Budget clause outlines the anticipated financial plan for a project or agreement, specifying estimated costs and allocations for various components. It typically details the expected expenses, funding sources, and may include timelines for expenditures or milestones for budget review. This clause serves to set clear financial expectations between parties, helping to manage resources effectively and prevent misunderstandings about funding responsibilities.
Projected Budget. Concurrently with the delivery to the Administrative Agent of a Reserve Report prepared by Approved Petroleum Engineers in Section 5.14(a), a report, in a form satisfactory to the Administrative Agent, prepared by or on behalf of the Borrower detailing on a monthly basis for the next twelve month period (i) the projected production of crude oil and natural gas, each calculated separately, by the Borrower and the Restricted Subsidiaries and the assumptions used in calculating such projections, (ii) an annual operating budget for the Borrower and the Restricted Subsidiaries, with a breakdown of those capital expenditures to be used for the development of Oil and Gas Properties comprising proved undeveloped reserves in the Oil and Gas Properties of the Borrower and the Restricted Subsidiaries, and the assumptions used in calculating such projections, and (iii) such other information as may be reasonably requested by the Administrative Agent which report shall in each case be accompanied by a certificate of a Financial Officer stating that such report has been prepared in good faith on the basis of the assumptions stated therein, which assumptions were believed to be reasonable at the time of preparation of such report, it being understood that actual results may vary from such projections.
Projected Budget. Deliver to the Agent as soon as available and in any event on or before the 90th day after the close of each (a) fiscal year, Sufficient Copies of a projected budget for the Guarantor and its Subsidiaries on a consolidated basis for (i) the current fiscal year, prepared in a six-month analysis, and (ii) the five (5) fiscal years then commencing, prepared in a year-by-year analysis, and (b) second quarterly period of each fiscal year, Sufficient Copies of (i) a revised projected budget for the operations of the Guarantor and its Subsidiaries on a consolidated basis for the second six (6) months of such fiscal year, and (ii) a report of actual operations of the Guarantor and its Subsidiaries on a consolidated basis for the first six (6) months of such fiscal year, reflecting in comparative form, the original projected budget for such period and the numbers related to such projected budget based upon actual operations.
Projected Budget. CORNERSTONE shall provide the Board with an annual projected Budget. For the ACADEMY's first academic year, the Budget shall be submitted on a timeline acceptable to the Board and Authorizing Body. Thereafter, the Budget shall be submitted to the Board prior to June 1st for the next fiscal year.
Projected Budget. While the overall projected budget for the project is estimated, the Investor acknowledges that this is an estimate and the actual costs may vary. The Investor and Project Manager shall ensure that all budgeting is accurate, realistic, and in line with the project's scope and specifications and agreed-upon scheduling is decided as per such milestone driven budget example.
Projected Budget. GRADUATION ALLIANCE shall work with the Charter School’s designated fiscal officer to provide the BOARD with an annual projected Budget (the “Budget”). For the Charter School’s first Fiscal Year, the Budget shall be submitted prior to the opening of the Charter School. The Budget for each subsequent Fiscal Year shall be submitted to the BOARD prior to May 1st of the immediately preceding Fiscal Year. The Budget shall be consistent with the Charter, including without limitation the Charter School mission as set forth therein, and this Agreement.
Projected Budget. The Budget Itemization must follow the same format as the projected budget and break down income and expenses in detail. Include all earned and unearned revenue for this project. Provide an explanation of revenue sources in the detailed budget itemization.
Projected Budget. Concurrently with the delivery to the Administrative Agent of a Reserve Report prepared by Approved Petroleum Engineers in Section 5.13(a), a report, in a form satisfactory to the Administrative Agent, prepared by or on behalf of the Borrower detailing on a monthly basis for the next 12 month period (i) the projected production of Hydrocarbons by the Borrower and the Restricted Subsidiaries and the assumptions used in calculating such projections, (ii) an annual operating budget for the Borrower and the Restricted Subsidiaries, with a breakdown of those capital expenditures to be used for the development of proved undeveloped reserves in the Oil and Gas Properties of the Borrower and the Restricted Subsidiaries, and the assumptions used in calculating such projections, and (iv) such other information as may be reasonably requested by the Administrative Agent.
Projected Budget. Prior to the June 1 immediately preceding the next academic year, Manager, in collaboration with the School's fiscal officer shall prepare and provide the School with an annual proposed budget for the School illustrating the anticipated revenue and expenses incurred by the School.
Projected Budget. Management Company shall provide Non-Profit Board with an annual projected School Budget. The Budget shall be submitted to the school’s Non-Profit Board prior to June 1st of the immediately preceding Fiscal Year. The Budget shall be consistent with the Charter Contract, including without limitation the School’s mission and this Agreement. Management Company and the school’s Non-Profit Board shall take steps to discuss any and all requirements needed to prepare the Budget and coordinate to ensure that all reasonable proposals by the School are considered in the Budget preparations.
Projected Budget. The cost of construction of the Improvements on each Property shall not exceed an amount equal to one hundred fifty percent (150%) of the amount reflected in the initial Construction Budget delivered on the Property Closing Date.