Common use of Budget Overruns; Program Changes Clause in Contracts

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds the Budget (unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or unless otherwise authorized by the Management Committee and incorporated into an amended Program and Budget), the excess shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent or less shall be borne by the Participants in proportion to their respective Participating Interest as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten percent (10%), then such excess over ten percent (10%) shall be for the Budget (sole account of the Manager, not creditable to the calculation of Participating Interests, unless such excess amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or unless is otherwise authorized by the Management Committee and incorporated into an amended Program and Budget), the excess shall be for the sole account approval of the Manager and such excess shall not be included in the calculations of the Participating InterestsManagement Committee. Budget overruns of ten percent (10%) or less shall be borne by the Participants in proportion to their respective Participating Interest Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify AGREEMENT-Page 29 the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than 10%, then the Budget (excess over 10%, unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 9.08 or unless otherwise authorized by the Management Committee and incorporated into an amended Program and Budget)Committee, the excess shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent 10% or less shall be borne by the Participants in proportion to their respective Participating Interest Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than 15%, then the Budget (excess over 15%, unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 9.9 or unless otherwise unanimously authorized by the Management Committee and incorporated into an amended Program and Budget)Committee, the excess shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent 15% or less shall be borne by the Participants in proportion to their respective Participating Interest Interests in the affected Area as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than 10%, then the Budget (excess over 10%, unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or unless otherwise authorized by the Management Committee and incorporated into an amended Program and Budget)Committee, the excess shall be for forat the sole account accountcost and expense of the Manager and such excess shall not be included in the calculations of the Participating ParticipatingPercentage Interests. Budget overruns of ten percent 10% or less shall be borne by the Participants ParticipantsMembers in proportion to their respective Participating Interest ParticipatingPercentage Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Adopted Program and Budget. If the Manager exceeds an Adopted Budget by more than 10%, then the Budget (excess over 10%, unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or unless otherwise authorized by the Management Committee and incorporated into an amended Program and Budget)Committee, the excess shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent 10% or less shall be borne by the Participants in proportion to their respective Participating Interest Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than 10%, then the Budget (excess over 10%, unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or unless otherwise authorized by the Management Committee and incorporated into an amended Program and Budget)Committee, the excess shall be for at the sole account cost and expense of the Manager and such excess shall not be included in the calculations of the Participating Percentage Interests. Budget overruns of ten percent 10% or less shall be borne by the Participants Members in proportion to their respective Participating Interest Percentage Interests as of the time the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify --------------------------------- the Management Committee of any material departure from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than 10%, then the Budget (excess over 10%, unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or unless otherwise authorized by the Management Committee and incorporated into an amended Program and Budget)Committee, the excess shall be for the sole account of the Manager and such excess shall not be included in the calculations of the Participating Interests. Budget overruns of ten percent 10% or less shall be borne by the Participants in proportion to their respective Participating Interest Interests as of the time the overrun occurs.