Operating Budget

Operating Budget. The operating budget consisting of the projected cash flow position of Borrower and its Subsidiaries attached hereto as Exhibit A.

Operating Budget. The projection of revenue and expenses as well as other working capital needs for any Fiscal Year or portion thereof relating to the Business approved by the Board of Managers pursuant to Section 7.01(B) of this Agreement, and any updates or modifications thereto implemented in accordance with the terms of this Agreement. Any expenses within the Operating Budget that are variable based on the amount and type of revenue budgeted ("Variable Expenses") will be deemed to be adjusted pro rata for... any changes in amount or type of revenue budgeted throughout the Fiscal Year. View More

Operating Budget. Shall mean, at any time of determination provided under this Note, the Company's current budget for Adasuve as of the date set forth above and approved by the Company's senior management and delivered to the Holder.