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 including documented reasons, from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten per cent (10%), then the excess over ten per cent (10%), unless directly caused by an emergency expenditure made pursuant to Section 9.3(h), due to unforeseen events beyond the reasonable control or anticipation of the Manager, or unless otherwise authorized by the Management Committee, 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 per cent (10%) or less shall be acceptable to form part of the Earn-In Expenditures.

Budget Overruns; Program Changes. 9.5 The Manager shall immediately notify the Management Committee of any material departure including documented reasons, from an adopted Program and Budget. If the Manager exceeds the total of an adopted Budget by more than ten per cent percent (10%), then the excess over ten per cent percent (10%), unless directly caused by an emergency or unexpected expenditure made pursuant to Section 9.3(h), due to unforeseen events beyond the reasonable control or anticipation of the Manager§9.6, or unless otherwise authorized or ratified by the Management Committee, 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 per cent percent (10%) or less shall be acceptable borne by the Participants in proportion to form part their respective Participating Interests as of the Earn-In Expenditurestime the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure including documented reasons, from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten per cent percent (10%), then the such excess over ten per cent percent (10%), unless directly caused by an emergency expenditure made pursuant to Section 9.3(h), due to unforeseen events beyond the reasonable control or anticipation of the Manager, or unless otherwise authorized by the Management Committee, shall be for the sole account of the Manager and Manager, not creditable to the calculation of Participating Interests, unless such excess shall not be included in amount is directly caused by an emergency or unexpected expenditure made pursuant to Section 9.8 or is otherwise authorized by the calculations approval of the Participating InterestsManagement Committee. Budget overruns of ten per cent percent (10%) or less shall be acceptable borne by the Participants in proportion to form part their respective Participating Interests as of the Earn-In Expenditurestime the overrun occurs.

Budget Overruns; Program Changes. The Manager shall immediately notify the Management Committee of any material departure including documented reasons, from an adopted Program and Budget. If the Manager exceeds an adopted Budget by more than ten per cent (10%), then the excess over ten per cent (10%), unless directly caused by an emergency expenditure made pursuant to Section 9.3(h), due to unforeseen events beyond the reasonable control or anticipation of the Manager, or unless otherwise authorized by the Management Committee, 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 per cent (10%) or less shall be acceptable to form part of the Earn-Earn - In Expenditures.. (g)