Appraisal Programmes and Budgets Sample Clauses

Appraisal Programmes and Budgets. In the event a Potential Storage Site is identified, the Operator shall, as soon as possible after such identification has been made, submit to the Parties a report on the potential storage site, and - unless otherwise decided by the Operating Committee – a recommendation on whether to further appraise the potential storage site and Budget therefor, if relevant. The recommendation, report and the proposed Programme and Budget shall be subject to consideration, revision and approval by the Operating Committee, which shall be completed as soon as possible, and in any event such that the time limit set forth in Section 4, Subsection 2, of the Licence and any time limit set out in the Work Obligations, as relevant, can be met. When the report and appraisal Programme have been approved, the Operator shall submit them to the Danish Energy Agency.
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Appraisal Programmes and Budgets. In the event a Potential Storage Site is identified, the Operator shall, as soon as possible after such Discovery has been made, submit to the Parties a report on the Potential Storage Site, and - unless otherwise decided by the Operating Committee - a proposed appraisal Pro- gramme, (meeting the requirements of Section 4, Subsection 2, of the Licence) and Budget therefor. The report and the proposed Programme and Budget shall be subject to considera- tion, revision and approval by the Operating Committee, which shall be completed as soon as possible, and in any event such that the twelve-month time limit set forth in Section 4, Sub- section 2, of the Licence can be met. When the report and appraisal Programme have been approved, the Operator shall submit them to the Danish Energy Agency. In the event that the Danish Energy Agency requires that the appraisal Programme be amend- ed the Operator shall resubmit it to Operating Committee together with a correspondingly amended Budget for further consideration and the above procedure shall apply duly adjusted for any new time limit set by the Danish Energy Agency.
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Appraisal Programmes and Budgets. In the event of a Discovery, the Operator shall, as soon as possible after such Discovery has been made, submit to the Parties a report on the Discovery, and, if decided by the Operating Committee that the Discovery merits appraisal, a proposed appraisal Programme, (meeting the requirements of Sections 6.07 and 7.02 of the Licence) and a Budget. The report and the proposed Programme and Budget shall be subject to consideration, revision and approval by the Operating Committee, which shall be completed as soon as possible, and in any event such that the six-month time limit set forth in Section 6.07(b) of the Licence can be met. When the report and appraisal Programme have been approved by the Operating Committee, the Operator shall submit them to the HA for approval.
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Related to Appraisal Programmes and Budgets

  • Annual Work Plans and Budgets The Recipient shall:

  • Annual Work Plan and Budget (a) The Recipient shall prepare and furnish to the Bank not later than November 30 of each Fiscal Year during the implementation of the Project, a work plan and budget containing all activities proposed to be included in the Project during the following Fiscal Year, and a proposed financing plan for expenditures required for such activities, setting forth the proposed amounts and sources of financing.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • For Product Development Projects and Project Demonstrations  Published documents, including date, title, and periodical name.  Estimated or actual energy and cost savings, and estimated statewide energy savings once market potential has been realized. Identify all assumptions used in the estimates.  Greenhouse gas and criteria emissions reductions.  Other non-energy benefits such as reliability, public safety, lower operational cost, environmental improvement, indoor environmental quality, and societal benefits.  Data on potential job creation, market potential, economic development, and increased state revenue as a result of the project.  A discussion of project product downloads from websites, and publications in technical journals.  A comparison of project expectations and performance. Discuss whether the goals and objectives of the Agreement have been met and what improvements are needed, if any.

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