Common use of Decommissioning Programmes and Budgets Clause in Contracts

Decommissioning Programmes and Budgets. At such time as the Operating Committee determines that a proposal for a decommissioning Programme and Budget shall be prepared, it shall direct the Operator to carry out such preparations. The proposed Programme and Budget shall be put before the Operating Committee as soon as possible after their preparation. When the proposed decommissioning Programme and the Budget are approved, the Operator shall be authorised and obligated to proceed in accordance with it subject to the approval of the Danish Energy Agency. The Programme and Budget shall be renewed and updated annually until the Programme has been completed.

Decommissioning Programmes and Budgets. At such time as the Operating Committee determines that a proposal for a decommissioning Programme and Budget shall be prepared, it shall direct the Operator to carry out such preparationsprepa- rations. The proposed Programme and Budget shall be put before the Operating Committee as soon as possible after their preparation. When the proposed decommissioning Programme and the Budget are approved, the Operator shall be authorised and obligated to proceed in accordance ac- cordance with it subject to the approval of the Danish Energy Agency. The Programme and Budget shall be renewed and updated annually until the Programme has been completed.