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

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • 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 Concession Area, including its abandonment.

  • Development Work The Support Standards do not include development work either (i) on software not licensed from CentralSquare or (ii) development work for enhancements or features that are outside the documented functionality of the Solutions, except such work as may be specifically purchased and outlined in Exhibit 1. CentralSquare retains all Intellectual Property Rights in development work performed and Customer may request consulting and development work from CentralSquare as a separate billable service.

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • 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 Diligence Pfizer will use its Commercially Reasonable Efforts to Develop and seek Regulatory Approval for [ * ] Product [ * ] in the Field [ * ]. Pfizer will [ * ] with respect to the Development or Regulatory Approval of Products under this Agreement.

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