Development Budgets definition
Examples of Development Budgets in a sentence
The Development Committee shall review the Development Plans and the Development Budgets at least monthly and shall have the right to make such modifications or updates to the Development Plans or Development Budgets that it deems appropriate.
Notwithstanding the foregoing, Phase Development Budgets for Potential Phases shall not be binding on the City -- but Phase Development Budgets for Approved Phases will be binding upon approval by the City Council.
The Parties acknowledge and agree that the amounts set forth in the Development Budgets are estimates and, given the unpredictability of the Development Activities, there can be no assurances that the Development Activities can be completed within the Development Budgets, provided, however, that the Parties agree to use their Commercially Reasonable Efforts to adhere to the Development Budgets.
Each Split Territory Global Development Budget shall be updated annually by the PSC responsible for the applicable Split Territory Licensed Product in accordance with Section 5.2.4 (Updates and Amendments Split Territory Global Development Plans and Split Territory Global Development Budgets).
GE and CCSI will conduct their respective development efforts in accordance with the Program Schedule and Milestones attached hereto as Exhibit A, the Development Workplan and the Yearly Development Budgets approved by the Management Committee, as such Development Workplan and Yearly Development Budgets may be modified by the Management Committee under Section 5.1.3 below.
Such changes to Project Development Budgets may be made by Borrower with prior notice to Agent Lender, but without Agent Lender approval or consent as provided in Section 4.1(f) hereof.
On an annual basis, or more often as Jazz deems appropriate, including to the extent permitted by Schedule 4.3.3, Jazz shall prepare and submit to the JSC for approval amendments to the then-current JDP(s), including the Development Budget(s).
PTR will disburse the proceeds of the Loans on a monthly basis for the cost categories set forth in the applicable Development Budgets and Project Budgets.
Atlantic will disburse the proceeds of the Loans on a monthly basis for the cost categories set forth in the applicable Development Budgets and Project Budgets.
The parties anticipate that changes to Project Development Budgets may be desired by Borrower in the course of developing a Project through reallocations among line items, cost-savings or cost overruns.