Common use of Budget Approval Clause in Contracts

Budget Approval. The agreement of the Parties is required to approve a proposed budget, or any amendment thereto. A Party’s approval of a budget shall not be unreasonably withheld or delayed.

Appears in 4 contracts

Sources: Funding Agreement, Northern Tier Transmission Group Funding Agreement, Funding Agreement

Budget Approval. The agreement of the Parties is required to approve a proposed budget, or any amendment thereto. A Party’s approval of a budget shall not be unreasonably withheld or delayed.

Appears in 2 contracts

Sources: Northern Tier Transmission Group Funding Agreement, Northern Tier Transmission Group Funding Agreement