Common use of Budget additions Clause in Contracts

Budget additions. In the event during Budget execution appropriations approved by the Executive Committee would require additions, the Parties may be required extraordinary amendments to be ratified by the Executive Committee at its next meeting. Expenses and investment Budgets additions or transfer requests may be periodically submitted when the Executive Committee holds its regular meetings. However, the Executive Committee will have the right to meet on an extraordinary basis to discuss budget issues any time a special situation so deserves.

Appears in 2 contracts

Samples: Rosablanca Association Contract (Seven Seas Petroleum Inc), Seven Seas Petroleum Inc

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Budget additions. In the event during Budget execution appropriations approved by the Executive Committee would require additions, the Parties may be required extraordinary amendments to be ratified by the Executive Committee at its next meeting. Expenses and investment Budgets additions or transfer requests may be periodically periodicaly submitted when the Executive Committee holds its regular meetings. However, the Executive Committee will have the right to meet on an extraordinary basis to discuss budget issues any time a special situation so deserves.

Appears in 1 contract

Samples: Rosablanca Association Contract (Midwestern Resources Inc)

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Budget additions. In the event during Budget execution appropriations approved aproved by the Executive Committee would require additions, the Parties may be required extraordinary amendments to be ratified by the Executive Committee at its next meeting. Expenses and investment Budgets additions or transfer requests may be periodically submitted when the Executive Committee holds its regular meetings. However, the Executive Committee will have the right to meet on an extraordinary basis to discuss budget issues any time a special situation so deserves.

Appears in 1 contract

Samples: Midwestern Resources Inc

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