Authorization for Expenditures for Emergency Operations Sample Clauses

Authorization for Expenditures for Emergency Operations. Notwithstanding any other provision of this Agreement, Operator is hereby authorized and directed to perform activities and incur costs reasonably necessary to conduct any Emergency Operations, in each case subject to the Standard of Performance, in the good faith judgment of Operator and without any prior Notice to or approval from Owner. When in the good faith judgment of Operator, Emergency Operations are reasonably necessary or appropriate, Operator shall notify Owner as promptly as practicable (and in any event within twenty-four (24) hours of Operator’s reasonable determination that Emergency Operations are necessary or appropriate) and shall continue to manage the Emergency Operations until the Emergency has stabilized and there is no longer imminent or immediate compromise or risk of compromise of (a) the health or safety of any Person or natural resources (including wildlife) or the environment or (b) the safety or operational condition of, or substantial damage to, any of the assets of the Owner or the property of any other Person. Within seven (7) days following the initial stabilization of an Emergency, in the Operator’s reasonable discretion, Operator shall promptly prepare and deliver to Owner a preliminary report (with reasonable supporting documentation) setting forth the nature of the emergency requiring Emergency Operations in detail, including all pertinent facts known to Operator at such time regarding the cause and impact of such emergency requiring Emergency Operations, the Emergency Operations provided or, to the extent then known, proposed to be provided and the actual or estimated cost of such corrective action. To the extent additional unbudgeted costs (including Capital Costs) are necessary to repair or replace any facilities or otherwise remediate any damage caused by the Emergency (excluding costs for Emergency Operations), in Operator’s reasonable opinion, Operator shall submit a proposed Operating Budget Amendment for Owner’s approval.