Common use of Budgets: Capital; Operating and Maintenance Expenses; and Corporate Governance Expenses Clause in Contracts

Budgets: Capital; Operating and Maintenance Expenses; and Corporate Governance Expenses. (a) Prior to final approval, the General Partner agrees to provide to the Partnership the annual estimated budgets for the capital expenditures and costs associated with the entities in which the Partnership has an ownership interest and for which the Partnership is required to reimburse Spectra and its Affiliates pursuant to Sections 3.1 and 3.