Approval of Expenditures. Agency agrees to secure Company’s written approval of all expenditures in connection with Company’s plans.
Approval of Expenditures. Redneck will not incur any expenditures on behalf of Woody's during the period from September 9, 1998 to September 23, 1998, without the prior approval of Xxxxx X. Xxxxx, Xx.
Approval of Expenditures. The Producers confirm that in accordance with Article 10 of the Processing Agreement they have made arrangements among themselves whereby, and the Producers hereby covenant to the Lenders that, all invoices of all project creditors shall be approved or disapproved in good faith in accordance with objective standards customarily followed in the oil and gas industry in construction activities of the sort contemplated by the Development Plan.
Approval of Expenditures. Contractor agrees to secure Company’s written approval of all expenditures in connection with Company’s plans.
Approval of Expenditures. We agree to secure your approval of expenditures in connection with your projects and activities before undertaking those projects and activities.
Approval of Expenditures. The board of directors of the Auxiliary shall approve all expenditures and fund appropriations of the Auxiliary. Appropriations of funds for use outside the normal business operations of the Auxiliary shall be approved in accordance with policy and further consistent regulations adopted by the Board of Trustees. In addition, the Auxiliary will conform its expenditures for public relations to the policies adopted by the District.
Approval of Expenditures. Prior to making any expenditure of the proceeds of any borrowing hereunder other than payments made in conformity with the Parent Budget, Borrower shall give Lender at least three (3) days prior written notice of the intended use of proceeds, and shall receive the approval of Lender prior to making such expenditure.
Approval of Expenditures. Until the Company obtains an aggregate,cash investment of three million dollars ($3,000,000) in the Company's capital stock, (i) the Company shall submit each year's proposed annual budget to the Company's Board of Directors prior to year-end and such budget must be approved by not less than seventy-five percent (75%) of the Company's Board of Directors; (ii) the Company shall not make any expenditure in excess of $50,000 (which is not provided for in the Company's approved annual budget) unless such expenditure is approved by an affirmative vote of not less than seventy-five percent (75%) of the Company's Board of Directors; and (iii) the Company shall not liquidate or otherwise dispose of any assets with a value in excess of $50,000 without an affirmative vote of not less than seventy-five percent (75%) of the Company's Board of Directors.
Approval of Expenditures. All agreements or transactions involving expenditures in excess of $1,000,000 shall be reviewed and approved by the Company's Board of Directors.
Approval of Expenditures. Any costs incurred by any individual or group of individuals who are a party to this agreement and which exceeds $100 shall require the written approval of all the OWNERS executing this agreement, and if such expenditure is made without first obtaining said written approval, then the responsibility of payment of any costs or fees incurred shall be the sole responsibility of those parties contracting with the provider of the services. Authorization of maintenance shall be effective upon approval of all OWNERS after every OWNER has had at least fifteen (15) days advance written notice of the repairs or maintenance to be performed. If the parties are unable to agree upon the maintenance expenditures, then the proposed expenditure shall be presented to an independent third party agreed upon by all OWNERS for his/her review and evaluation of the reasonableness of the proposed expenditures. The opinion and evaluation of the expenditures by the third party shall be binding on all OWNERS. However, repairs and maintenance necessary to maintain the use of the private street or roadway due to conditions created by sudden and substantial storm conditions or some other unusual phenomenon, shall be an expense shared equally between the OWNERS without the necessity of authorization of all OWNERS as provided aforesaid. Nothing herein shall prohibit an OWNER from performing maintenance without authorization of the other OWNERS and absent the right to be reimbursed. Any upgrading of the quality, or significant improvements to this private street or roadway shall not be initiated without notifying in writing all OWNERS first, and nothing herein shall be construed as requiring the sharing of costs for an upgrade or significant improvement on the of an OWNER.
