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 4.3(a) hereof.
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Examples of Proposed Annual Budget in a sentence

  • Each Member acknowledges that the Proposed Annual Budget is intended to set forth objectives and goals based on the Managing Member’s reasonable judgment of the facts and circumstances known by the Managing Member at the time of preparation.

  • The Proposed Annual Budget, once approved by ▇▇▇▇▇▇ pursuant to subclause (b) below, or modified as provided in subclause (b) below, shall be referred to herein as the “Approved Budget”.

  • In addition, at any time after an Approved Budget has been approved by ▇▇▇▇▇▇, the Managing Member shall have the right to submit a revised or amended Proposed Annual Budget in writing to ▇▇▇▇▇▇ for approval (subject to the same reasonableness standard above if applicable), and if ▇▇▇▇▇▇ has objections to such revisions or amendments, ▇▇▇▇▇▇ shall advise the Managing Member in writing of ▇▇▇▇▇▇’▇ specific objections within ten (10) days after receipt thereof.

  • In the event of a dispute over the adoption of a Proposed Annual Budget or any portion thereof, any portion of the Proposed Annual Budget not disputed shall be deemed approved and shall be operative at such time.

  • Owner shall approve or reject the Proposed Annual Budget by June 15th, annually.

  • The Proposed Annual Budget, once approved by Owner, shall be referred to as the "Annual Budget".

  • Owner shall specify, in writing, the basis for any rejected item in the Proposed Annual Budget.

  • The Proposed Annual Budget shall specify the amount of working capital required to continue operations of the Facility for the upcoming fiscal year in light of all major policy decisions, specify all anticipated expenses required to maintain a reasonable level of equipment, supplies and inventory and all projected expenses for long term capital improvements and equipment.

  • At this meeting, at which the President shall receive written notice and the right to be present, the Board shall approve the Proposed Annual Budget, with such changes as the Board may approve (in the form approved by the Board, the “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.


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 of 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 improvements (not to exceed 10 years) at prevailing market interest rates.
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Proposed Annual Budget means a proposed 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 means the budget submitted by the Board of Finance for Public Hearing in accordance with Section 702(C) of this Charter.10
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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).