Annual Work Programs and Budgets Sample Clauses
The 'Annual Work Programs and Budgets' clause establishes the requirement for parties to prepare, review, and approve a detailed plan of activities and associated financial estimates for each year of a project or agreement. Typically, this involves one party submitting a proposed work program and budget for the upcoming year, which the other party or a joint committee must review and approve before implementation. This clause ensures that all parties have a clear, agreed-upon roadmap for the project's activities and expenditures, thereby promoting transparency, accountability, and effective resource allocation.
Annual Work Programs and Budgets. 4.1 Presentation of Annual Work Program No later than ninety (90) days before the beginning of each Calendar Year, or for the first Calendar Year, no later than sixty (60) days after the Effective Date, the Contractor will prepare and present for approval by the Ministry a detailed Annual Work Program divided into Quarters, together with the corresponding Annual Budget for the Contract Area explaining the Petroleum Operations the Contractor proposes to carry out during the Calendar Year. The Annual Budget will be presented in the Ministry's official format.
4.2 Form and Approval of the Annual Work Program Each Annual Work Program and corresponding Annual Budget will be broken down into the various Exploration Operations and, as applicable, according to the evaluation operations for each Evaluation Area, and the Development and Production Operations for each Development and Production Area. If no response is received within ninety (90) days of the reception of the Annual Work Program and corresponding Annual Budget, these will be considered approved. The Ministry may propose amendments or modifications to the Annual Work Program and corresponding Annual Budget, by giving notice to the Contractor and including reasons for the amendments or modifications, within sixty (60) days of receiving the Annual Work Program and Annual Budget. In such event, the Ministry and the Contractor will meet as soon as possible to review the amendments or modifications proposed by the Ministry and establish the Annual Work Program and corresponding Annual Budget by mutual agreement. The parts of the Annual Work Program for which the Ministry does not require amendment or modification will be considered approved and the Contractor must implement them within the stated time period, provided they can be undertaken on an individual basis, or with respect to an approved activity that depends technically or financially on an activity that is not approved. With respect to the parts of the Annual Work Program for which the Ministry proposes any amendment or modification, the date of approval of the Annual Work Program and corresponding Annual Budget will be the date on which the Ministry and the Contractor reach mutual agreement on them. If the Ministry and the Contractor do not reach an agreement about the amendments and modifications proposed by the Ministry before the end of the Calendar Year in which the Annual Work Plan and corresponding Annual Budget are submitted, the Contractor ...
Annual Work Programs and Budgets. (A) Not later than the first Day of September of each preceding Calendar Year with respect to Calendar Year 2010 and thereafter, Unit Operator shall submit to the Parties a proposed Unit Work Program and Budget for Unit Operations for the applicable Calendar Year (the “Annual Unit Work Program and Budget”), which shall with respect to development operations be consistent with the then-existing Unit Development Plan, along with reasonable and necessary supporting information, and a proposed update of the life of Unit Interval production forecast in the Unit Development Plan. Technical Operator shall submit its proposal for the relevant portions of the Annual Unit Work Program and Budget relating to Technical Operations to Unit Operator at least thirty (30) Days prior to the date for Unit Operator’s submission of the Annual Unit Work Program and Budget to the Parties. Each Annual Unit Work Program and Budget submitted by Unit Operator shall contain an itemized estimate of the cost of Unit Operations and all other expenditures to be made for the Unit Account during the Calendar Year in question and shall, inter alia: (i) identify each work category in sufficient detail to afford the ready identification of the nature, scope and duration of the activity in question; (ii) include such reasonable information regarding each Operator’s allocation procedures and estimated manpower costs as the Unit Operating Committee may determine; and
Annual Work Programs and Budgets. 8.1 Without prejudice to the rights and obligations of Licensee for day-to-day management of the operations, the Director General shall ensure that all Work Programs and Development Plans are complied with and also that accounting for costs and expenses and the maintenance of records and reports concerning the Petroleum Operations are carried out in accordance with this License and the accounting principles and procedures generally accepted in the international petroleum industry.
8.2 Each Work Program submitted to the Director General pursuant to this Article and every revision or amendment thereof shall be consistent with the requirements set out in this License relating to minimum work and expenditure for the period of the Exploration Period in which such Work Program or budget falls;
8.3 The work obligations referred to in Article 5 shall be described in an annual plan, drawn up in due detail and with the respective budget, to be prepared by the Licensee and submitted to the Director General for review and approval.
8.4 The annual work program should be submitted to the Director General no less than sixty (60) days before the start of the year in question.
8.5 The Director General will review Work Programs and budgets and any amendments or revisions thereto, and Appraisal Programs submitted to it by Licensee pursuant to this Article, and may only order it not to be implemented if it fails to comply with the Petroleum and Exploration Act of 2011 or any terms of this License.
8.6 In the event of all or part of the annual plan being refused, the Director General shall notify the Licensee of the fact within fifteen days of receiving the plan, indicating the reasons for the refusal.
8.7 In the event of refusal under the preceding paragraph, the Licensee shall draw up a new plan, or rectify the previous plan, which shall be submitted to the Director General.
8.8 If the plan is not refused within the period referred to in Aritcle 8 (6), the plan may be freely implemented.
8.9 The Licensee may submit addenda to the annual work plan to the Director General provided they are justified on technical grounds.
8.10 After the date of the first Commercial Discovery, Licensee may submit a proposal for the drilling of an Exploration Well or ▇▇▇▇▇ not associated with the Commercial Discovery and not otherwise required to be drilled hereunder.
8.11 From the first occurring Date of Commercial Discovery, the Licensee:
i. Within sixty (60) days after the Date of Commercial D...
Annual Work Programs and Budgets. Rÿhbÿr komitÿnin tÿşkil edildiyi tarixdÿn çoxu otuz (30) gün ▇▇▇▇▇▇▇▇▇ ▇▇ bundan sonra növbÿti Tÿqvim ilinin başlanmasına heç olmasa üç (3) ay qaldıqda, İşlÿnmÿ vÿ hasilat dövrü ÿrzindÿ Podratçı qarşıdakı Tÿqvim ili üçün planlaşdırdıǧı Mÿdÿn-filiz ÿmÿliyyatlarını nÿzÿrdÿ tutan İllik iş proqramı vÿ ona müvafiq Büdcÿ hazırlayır ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ edilmÿsi üçün Rÿhbÿr komitÿyÿ verir. İllik iş proqramı vÿ Büdcÿ tÿqdim edildikdÿn sonra otuz (30) gündÿn tez olmayaraq İllik iş proqramına vÿ Büdcÿyÿ, hÿmçinin onlarla baǧlı tÿklif olunan dÿyişikliklÿrÿ baxmaq, habelÿ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ qÿti variantını tÿsdiq etmÿk mÿqsÿdilÿ Rÿhbÿr komitÿnin iclası çaǧırılır. Podratçı İllik iş proqramını vÿ ona müvafiq Büdcÿni icra üçün qÿbul edir. Podratçının İllik iş proqramından vÿ Büdcÿdÿn hÿr Not more than thirty (30) days following the formation of the Steering Committee and thereafter at least three (3) months before the beginning of each Calendar Year during the Development and Production Period, Contractor shall prepare and submit to the Steering Committee for review and approval an Annual Work Program together with the related Budget in respect of the Mining Operations Contractor proposes to be carried out in such a calendar year. The Steering Committee shall meet within thirty (30) days of receipt of the Annual Work Program and Budget to consider same and any revisions thereto and to approve the Annual Work Program and the Budget in its final form. Thus Contractor shall fulfill the Annual Work Program and related Budget and shall not conduct any operations which deviate from the Annual Work Program hansı dÿrÿcÿdÿ kÿnara çıxan ÿmÿliyyat hÿyata keçirmÿyÿ ixtiyarı yoxdur, ▇▇▇▇▇ işin yerinÿ yetirilmÿsi gedişindÿ Podratçının İllik iş proqramına vÿ müvafiq Büdcÿyÿ müvafiq düzÿlişlÿr vÿ ya tÿkmillÿşdirmÿlÿr keçirilmÿsinÿ dair xahişlÿ Rÿhbÿr komitÿyÿ müraciÿt etmÿk üçün Podratçıya kifayÿt qÿdÿr ÿsas verÿn yeni mÿlumat vÿ ya informasiya meydana çıxırsa, Podratçının ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ müraciÿt etsin vÿ Rÿhbÿr komitÿ tÿsdiq edÿrsÿ proqrama müvafiq düzÿlişlÿr vÿ ya tÿkmillÿşdirmÿlÿr keçirsin. İllik iş proqramının yerinÿ yetirilmÿsi üçün zÿruri hallarda Podratçıya müvafiq Tÿqvim ili ÿrzindÿ qÿbul edilmiş Büdcÿdÿn ÿlavÿ artıq vÿsait xÿrclÿmÿyÿ icazÿ verilir, ▇▇▇▇▇ bu mÿblÿǧin cÿmi Büdcÿnin on (10) faizdÿn ▇▇▇ olabilmÿz. On (10) faizdÿn artıq vÿsaitin xçrülÿnmÿsi yalnız bu barÿdÿ Rÿhbÿr komitÿnin qÿrarı çıxarıldıǧı hallarda baş verÿ bilÿr. Bu Sazişin qala...
Annual Work Programs and Budgets. The Recipient shall prepare and furnish to the Association for its joint approval with the other Pooled Funding Partners, not later than October 1 of each year during the implementation of the Project, or such later date as the Association may agree in consultation with the other Pooled Funding Partners, the respective Annual Work Program and Budget containing each proposed Subprogram to be carried out in the following Fiscal Year by the respective Implementing Agencies, with confirmation of availability of the Recipient’s contribution for expenditures under the Project for that Fiscal Year.
Annual Work Programs and Budgets. 68 ARTICLE 11 ALLOCATION OF PRODUCTION, RECOVERY OF COSTS AND EXPENSES, PRODUCTION SHARING, AND RIGHT OF EXPORT ...................................................... 69 ARTICLE 12
Annual Work Programs and Budgets. Section 5.1 Insert at the beginning of Section 5.1: For all activities under the CXY Service Subcontract, proposals for Joint Programs and Joint Budgets, which are referred to as Development Plans, Work Programs and Budgets therein, shall be prepared by CXY in consultation with Atlas and approvals thereof shall be in accordance with the terms of the CXY Service Subcontract.
Section 5.4 Insert at the beginning of Section 5.4: OPL 75 1st Amendment to JOA 20F For all activities under CXY Service Subcontract, AFE's shall be governed by the procedures set out in the CXY Service Subcontract.
Annual Work Programs and Budgets. (a) Not more than thirty (30) days following the formation of the Steering Committee and thereafter at least three (3) months before the beginning of each Calendar Year during the Development and Production Period, Contractor shall prepare and submit, or cause to be prepared and submitted, to the Steering Committee for approval an Annual Work Program and Budget in respect of the Petroleum Operations Contractor proposes to be carried out in such Calendar Year. The Steering Committee shall meet within thirty (30) days of receipt of the Annual Work Program and Budget to consider same and any revisions thereto and to approve the Annual Work Program and the Budget in its final form. It is agreed by SOCAR and Contractor that knowledge acquired as the work proceeds or from certain events may justify changes to the details of the Annual Work Program and Budget; thus Contractor may at any time propose to the Steering Committee an amendment to the Annual Work Program and Budget. Except as provided in this Article 5.3 and in Article 5.4, Contractor shall not conduct any operations which deviate materially from the applicable Annual Work Program and Budget without the prior consent of the Steering Committee. If necessary to carry out an Annual Work Program and Budget, Contractor is authorized to make expenditures during the relevant Calendar Year that are not in excess of ten (10) percent of the Budget approved, unless such expenditures exceeding ten (10) percent are approved by the
Annual Work Programs and Budgets. The Borrower shall:
Annual Work Programs and Budgets