Example ContractsClausesDIP Budget
DIP Budget
DIP Budget contract clause examples

Milestones. By entering into this Agreement as of the Effective Date, the Required DIP Noteholders waive any milestone events of default under the Final DIP Order and the Bidding Procedures Order relating to Sellers’ selection of this Agreement as the stalking horse purchase agreement.

cause a Termination Event (as defined in the DIP Order); and

“Committee’s Professionals” has the meaning defined in the Final DIP Order.

“Debtors’ Professionals” has the meaning defined in the Final DIP Order.

Prepetition Secured Parties” has the meaning defined in the DIP Order.

“Work Program and Budget” means the work program and budget attached hereto as [Exhibit F].

Permitted Budget Re-allocations” shall mean any revision of the Project Budget # to move Building Loan Contingency (Hard Costs) to other Hard Costs Budget Lines, so long as the Building Loan Contingency (Hard Costs) remaining after such re-allocation is not less than five percent (5%) of the aggregate remaining Hard Costs Budget Line as reasonably determined by [[Lender:Organization]], # to move Building Loan Contingency (Soft Costs) to other Soft Costs Budget Lines, so long as the Building Loan Contingency (Soft Costs) remaining after such re-allocation is not less than five percent (5%) of the aggregate remaining Soft Costs Budget Line as reasonably determined by [[Lender:Organization]], or # any re-allocations of a Budget Line made by the General Contractor pursuant to the General Contractor’s Agreement to which [[Borrower:Organization]] does not have the right to approve pursuant to the General Contractor’s Agreement.

Once the Parties have agreed on a Work Program and Budget, Operator shall deliver the agreed Work Program and Budget to the Management Committee or the Government, as applicable, for approval in accordance with the terms of the PSC. The Parties agree to vote in favor of any Work Program and Budget delivered to the Management Committee when the Management Committee considers the agreed Work Program and Budget.

Final DIP Order) and as otherwise amended, restated, supplemented or otherwise modified from time to time;

*Final Project Budget is based on pricing of 100% Design Development Package. Changes to Budget & Schedule thereafter shall be approved via TCR process.

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