Types of Budgets Sample Clauses

Types of Budgets. The Grantee must ensure that funds provided under this Grant Agreement are expended in accordance with the HOPE VI Requirements and:
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Types of Budgets. From time to time during the marketing of the Project, the Representatives shall prepare and present for the approval of the Executive Committee in accordance with Section 5.3 the following budgets (each, a "Budget"): (a) a separate, general budget for each phase of the Project setting forth in general terms the budget needs for such phase over its anticipated marketing term, (b) a separate annual budget for each phase of the Project currently being marketed, setting forth in specific terms and specific detail all costs expected to be incurred under the relevant marketing plan, and (c) a separate annual operating budget for the Company, setting forth in detail all anticipated Company expenses which are not addressed in other more specific budgets. Any Representative may from time to time submit revisions or modifications to Budgets to the Executive Committee for approval; provided that no revisions or modifications shall be implemented unless approved in accordance with Section 5.3 hereof.
Sample 1
Types of Budgets. From time to time during the development of the Project, the Representatives shall prepare and present for the approval of the Executive Committee in accordance with Section 5.6 the following budgets (each, a "Budget"): (a) a separate, general budget for each phase of the Project covered by an Approved Development Plan, setting forth in general terms the budget needs for such phase over its anticipated development term, (b) a separate annual budget for each phase of the Project currently in operation or development under an Approved Development Plan, setting forth in specific terms and specific detail all costs expected to be incurred under the relevant Approved Development Plan, and (c) a separate annual operating budget for the Company, setting forth in detail all anticipated Company expenses which are not addressed in other more specific budgets. Any Representative may from time to time submit revisions or modifications to Budgets to the Executive Committee for approval; provided that no revisions or modifications shall be implemented unless approved in accordance with Section 5.6 hereof.
Sample 1

Related to Types of Budgets

  • Types of Borrowings The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Company pursuant to Article 2 on a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans).

  • Various Types of Loans Each Revolving Loan shall be divided into tranches which are, either a Base Rate Loan or a LIBOR Loan (each a “type” of Loan), as the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups”. Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than six (6) different Groups of LIBOR Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Revolving Loans shall be effected so that each Lender will have a ratable share (according to its Pro Rata Share) of all types and Groups of Loans.

  • Types of Loans Subject to Section 3.03, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

  • Types of Advances The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9.

  • Changes in Fiscal Periods Permit the fiscal year of the Borrower to end on a day other than December 31 or change the Borrower’s method of determining fiscal quarters.

  • Availability of Types of Advances If any Lender determines that maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if the Required Lenders determine that (i) deposits of a type and maturity appropriate to match fund Eurodollar Advances are not available or (ii) the interest rate applicable to Eurodollar Advances does not accurately reflect the cost of making or maintaining Eurodollar Advances, then the Agent shall suspend the availability of Eurodollar Advances and require any affected Eurodollar Advances to be repaid or converted to Floating Rate Advances, subject to the payment of any funding indemnification amounts required by Section 3.4.

  • Method of Selecting Types and Interest Periods for New Advances The Company shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time. The Company shall give the Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 noon (New York City time) on the Borrowing Date of each Floating Rate Advance and not later than 12:00 noon (New York City time) three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying:

  • Types of Cash Accounts Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment.

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